Account suspension warning! The wave of tax reimbursement on European sites is coming, and some sellers have been affected!

In fact, for many sellers, VAT declaration in Europe means that a large amount of money needs to be paid to the European tax authorities. Although it is unpleasant, if the declaration is not truthful, the cost is also very serious. After all, tax compliance is the general trend.

Due to the impact of the epidemic, many European sellers have enjoyed an unprecedented sales peak this year. However, sellers in the European market know that European countries are very strict in VAT, especially Germany and the UK. Therefore, in addition to paying back taxes, many sellers recently said that they received emails from Amazon asking them to upload their VAT numbers.

According to an email received by a seller:

Austria, where prices are above the European average, is also very strict in terms of taxation. Recently, sellers have also received notifications to upload Austrian tax numbers. The notification email mentioned that sellers need to register Austrian VAT numbers in the seller backend before December 31, 2020 .

In fact, if the sales threshold is not exceeded, the tax number can be temporarily omitted. However, regarding this issue, many experienced sellers have stated that sellers on each site are advised to upload a tax number, otherwise the account will be easily blocked, especially in a country like the UK where the requirements are strict.

(Source: Official Account: Seller Growth Academy)