The  EU  VAT  Regula.on  

Previously based on merchant location

Jan 1st 2015

EU VAT Regulation 2015

EU VAT RULE CHANGE VAT now based on customer location

EU tax authorities have agreed

Merchants must verify the location of customer with evidence

NON COMPLIANCE – NOT AN OPTION

FINES FROM TAX AUTHORITIES

JAIL PROSECUTION FROM 28 MEMBER STATES

WHO IS AFFECTED? Anyone selling the following into or in the EU…. v Games and e-books v Software and software upgrades

v Websites, hosting, VoIP and content

v Music, films, images and photographs

v Basically any digital good

 

HOW  DO  THEY  COMPLY?  

BUILD A TECHNICAL SOLUTION

Identify EU /Non EU transactions

Store Customer location evidence

Collect 2 pieces of non conflicting evidence

VAT Rate management

Create Audit SAF-MOSS files

Create Quarter MOSS Returns

Issues local Invoices

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What’s  involved?  Build  a  VAT  calculator  with  features  like    …..  

And  a  repor.ng  suite  with  the  following  features  …  

Check VAT Numbers For B2B transactions

Use ECB FX Rates for quarterly return  

Store all the Data for 10 years  

 

What  is  Taxamo?  

•  Taxamo is a Software as a Service for the 2015 EU VAT change

•  Enables compliance through a technical solution

•  Our solution is built around the EU VAT Regulation

 

OUR  SOLUTION  

TAXAMO SOLUTION

VAT Calculation

Validation for B2B transactions

Identifies EU / non EU transactions

Support Dynamic or universal pricing

Collect required evidence for B2C transactions

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VAT rate matrix Everything happens In Real Time

CALCULATING VAT Taxamo collects up to 6 Evidence

IP address Credit card prefix

Payment & Billing info

Phone number EU VAT number

Commercial info

TAXAMO SOLUTION

Calculate ongoing VAT liability

Store customer location evidence & VAT information

Create quarterly MOSS returns

FX Rates

Create audit files for tax authorities

Reporting suite

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Store data held for 10 years  

INTEGRATION

INTEGRATION Client Libraries -PHP -Ruby -Python -Java

RESTful / JavaScript API

Full Test Environment

Full documentation & support

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TAXAMO ECOSYSTEM

…without interrupting existing customer journey