In this article, you will be able to learn more regarding a recent announcement from Amazon. Brace yourselves, because this update could have a significant impact on your business operations in certain European countries.
Amazon is extending the scope of its European VAT Calculation Services Methodology policy to include Business-to-Business (B2B) product-specific VAT calculations for specific types of listings across its European stores. The existing B2B product-specific VAT calculations will now be expanded to cover certain sales in Spain and Sweden.
Starting from June 13, 2023, Amazon will be applying the product-related domestic reverse charge (0% VAT) to sales that meet the following criteria:
- Sale of electronic items subject to the product-related domestic reverse charge: a) In Spain, this includes cell phones, e-readers, laptop computers, tablet computers, or video game consoles. b) In Sweden, this includes cell phones, computer chips, e-readers, laptop computers, tablet computers, or video game consoles.
- Domestic B2B sales.
- Shipment value exceeds the applicable threshold: a) In Spain, the threshold is EUR 10,000. b) In Sweden, the threshold is SEK 100,000.
It’s important to note that your continued use of selling services after the effective date of June 13, 2023, constitutes your acceptance of these changes. This means that you need to familiarize yourself with the updated VAT policy and ensure compliance with the new requirements.
If you have any questions or need more information, it’s advisable to reach out to your tax advisor. They can guide you through the specifics of the policy changes and help you understand how they impact your business.
As an Amazon seller, staying informed about policy updates and changes is crucial for your success. By proactively adapting to these modifications, you can ensure smooth operations, maintain compliance, and continue providing excellent service to your customers.
So, take a moment to review the new European VAT Calculation Services Methodology policy, specifically the extended B2B product-specific VAT calculations in Spain and Sweden. Update your processes and systems accordingly, and don’t hesitate to seek professional advice if needed.
Here you can review the full e-mail announcement from Amazon regarding the matter:
| Extended scope of European VAT Calculation services methodology for certain sales in Spain and Sweden Hello, We’re extending the scope of the European VAT Calculation Services Methodology policy to apply Business-to-Business (B2B) product-specific VAT calculations to certain types of listings across Amazon’s European stores. The current European B2B product-specific VAT calculations will be extended to include certain sales in Spain and Sweden. Effective June 13, 2023, we will apply the product-related domestic reverse charge (0% VAT) to sales that meet the following conditions: • Sale of electronic items subject to the product-related domestic reverse charge: (a) In Spain, this includes cell phones, e-readers, laptop computers, tablet computers, or video game consoles. (b) In Sweden, this includes cell phones, computer chips, e-readers, laptop computers, tablet computers, or video game consoles. • Domestic B2B sales • Shipment value is above applicable threshold: (a) In Spain, this is EUR 10,000. (b) In Sweden, this is SEK 100,000. Your continued use of selling services after date of effectiveness constitutes your acceptance of the changes. For more information, contact your tax advisor. The Amazon Services Europe team |
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