- VAT (Value Added Tax) is a tax on the value added to a product or service at each stage of production or distribution in Europe.
- eCommerce sellers who want to sell in Europe need to register for VAT in each country where they meet the threshold, which can be a huge headache if they sell across multiple European countries.
- Failure to comply with VAT regulations can result in hefty fines and penalties. eCommerce sellers need to know how much VAT they owe for their sales in Europe, including any past liabilities they may have missed.
- They also need to be aware of cross-border VAT rules and keep track of their stock movements between countries.
- Germany is one of the best and easiest places to register for VAT.
Source Hellotax
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