Black Friday and Cyber Monday sales are boom times for ecommerce retailers. If you sell goods to customers online, Black Friday means three things: sales, sales, sales.
But sales means VAT, and VAT means compliance. A Black Friday sales spike is great for business, but it could have serious and complex implications in terms of your VAT compliance obligations.
That’s a good thing. It means you have a product people want and you know how to leverage a promotion. But you are going to need to pay attention to the regulations to ensure your business remains VAT compliant in all relevant jurisdictions. Here’s what you need to know.
Source: vatglobal.com
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