What neither the European Commission nor other institutions can currently demonstrate, the Berlin start-up eClear AG (formerly ClearVAT AG) has now officially launched with its EU VAT engine. 8,000 large e-commerce dealers from all over Europe are connected to the start. Within the next twelve months, eClear intends to provide technical integration to another 300,000 merchants. “eClear is a unique infrastructure project for the fully automated calculation, collection and payment of VAT in cross-border e-commerce trade in the EU,” says founder Roman Koidl. “It’s hard to believe, but not even a complete list of tax rates and exemptions existed in the EU, not to mention the possibility of paying the taxes owed centrally at one point,” adds Peer Steinbrück.
Source: openpr.com
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