- Understand the importance of managing VAT for sales on TikTok Shop to avoid costly mistakes.
- TikTok Shop’s expansion in Europe complicates tax obligations, especially with Fulfilment by TikTok.
- VAT depends on the customer’s delivery country, not the seller’s location.
- If sales to EU individuals exceed 10,000 euros annually, VAT of the customer’s country must be charged and declared via the OSS.
- For UK sales, choose between the customer paying UK VAT upon receipt or registering for UK VAT to charge directly.
- Using FBT for storage in another country requires obtaining a local VAT number.
- Eurofiscalis can assist with VAT registrations and declarations in multiple countries.
- To start selling, create a TikTok Shop account by registering on the TikTok Seller Center.
- Provide necessary business details and accept terms to begin.
- Verify identity by uploading official documents as required by TikTok.
Source: eurofiscalis.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
