Does anyone know more details about the new EU tax law?
Essentially this law will require all non-EU companies to collect VAT on internet services (and I believe sales on physical items as well), for sales to anyone in the EU.
I can't find more details than the http://www.wired.com/news/print/0,1294,52351,00.html story at wired
Please post what you know!
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5 replies to this topic
#2
Posted 17 June 2003, 11:16
Interested parties should obtain
"the creature from jekyll island" isbn 0-912986-18-2
The only way now to conduct internet transactions is via offshore companies, and via virtual banks, (while ensuring that 20% of the sale is kept off shore in deposit accounts (e-gold) until such times as one is forced to pay the tax.
We list tax as a separate entity and also state that all taxes are the liability of the buyer! in our terms.
Ensure you keep historic records of all transactions and can prove that all customers agree to your terms, this then transfers the liability of taxation to the customer, which is where it belongs.
EU companies have not understood that hosting in EU automatically ensures that the ip tracking enables the authorities to track every email and transaction and thereby ultimately levy taxes.
What happened to freedom and democracy?
"the creature from jekyll island" isbn 0-912986-18-2
The only way now to conduct internet transactions is via offshore companies, and via virtual banks, (while ensuring that 20% of the sale is kept off shore in deposit accounts (e-gold) until such times as one is forced to pay the tax.
We list tax as a separate entity and also state that all taxes are the liability of the buyer! in our terms.
Ensure you keep historic records of all transactions and can prove that all customers agree to your terms, this then transfers the liability of taxation to the customer, which is where it belongs.
EU companies have not understood that hosting in EU automatically ensures that the ip tracking enables the authorities to track every email and transaction and thereby ultimately levy taxes.
What happened to freedom and democracy?
#3
Posted 06 July 2003, 08:56
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Essentially this law will require all non-EU companies to collect VAT on internet services (and I believe sales on physical items as well), for sales to anyone in the EU.
#4
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Posted 28 July 2003, 12:30
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The law only applies to digital products/services, selling physical items is the same as before, VAT is added by the customs of the country you're shipping to if they decide to check the parcel.
If you have knowledge opf any solution to this please gimme a hint.
#5
Posted 04 August 2003, 09:41
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The law only applies to digital products/services, selling physical items is the same as before, VAT is added by the customs of the country you're shipping to if they decide to check the parcel.
If you have knowledge opf any solution to this please gimme a hint.
You can configure Oscommerce in such a way as to charge tax on shipping and no tax on products and this can be configured differently for each country in the world !!!
#6
Posted 05 August 2003, 19:35
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The European Commission wants to impose VAT on postage in order to 'level the playing field' between courier services and state-owned postage operators.
Under the plan, EU members would have an option to apply VAT at reduced rates on packages weighing less than 2 kg.
Under the plan, EU members would have an option to apply VAT at reduced rates on packages weighing less than 2 kg.
Actually I'm still trying to get my head around VAT on postage. It seems to be the case that I have to pay VAT to a courier but not the Post Office. How then do I break out the VAT paid by a customer? Is there a way of entering different VAT rates for different methods of shipping?
Please excuse my ignorance.
