No, the primary value of empact platform is that we completely remove your need for applying and owning a VAT number. This comes from the unique status empact received from the European Union as a Seller Representing Platform. In actuality, our onboarding process takes less than 24 hours and we can immediately make sure you are VAT compliant.
empact takes care of the shop integration, our onboarding team makes sure that our system will calculate the VAT for every sale – and just like that you’ll be ready to sell anywhere within the 27 EU countries and in the United Kingdom.
No actions at all.
Surprising statistics emphasizing the enormous resources of time & Money invested in favor of VAT registration by eCommerce businesses in every country.
We have no additional fees. Our package is lean in order to empower sellers. We do not have any additional or hidden fees that pop on along the way, except the ones we agreed on (namely integration fee and monthly fee). As our partner, we would like you to be able to provide your clients with the most added value VAT compliance services. We know that generating clients is not easy, but not being able to provide them with the VAT solutions they require is even worse.
There is no need to update the platform, once you finished with the onboarding, our team will guide you where to fill the relevant information in the Admin panel.
empact will not be able to support clients that are using additional reporting services. We will be happy to cover all your reports in frame of paid subscription for your online sales and transactions.
According to the European regulation, the marketplace must enable sellers to appoint their own representatives in Europe for VAT compliance issues.
Yes, we can. empact has implemented an innovative solution which enables us supporting any kind of platform. All you need to do is provide empact a delegate user to access your sales reports and we will take it from there.
empact covers a vast of VAT solutions. For more information please go to our packages.
At the top of this pricing page there is a annual to monthly toggle that will update the pricing for monthly subscriptions. Below is what the toggle looks like.
If you have any additional questions, just send an email over to [email protected] and we will get back to you in a flash.
The subscription is per account, so you can connect to as many online shops as you’d like, as long as they are under the same company legal name. We charge per company and not per shop.
You will get a VBAN (Virtual Bank Account) under a Payoneer account (which necessitate no fees when we move the money between us), and your receivables will be getting into this account. On the last day of the month, the VAT amount will be deducted from the total receivables amount automatically via API call, the rest of the money will be transferred to the bank account specified by you in the registration process.
The new VAT rules impact the sale of all B2C goods and services within EU member states by non-EU established online sellers. The distance sales of mail order, telesales, or online goods from EU suppliers in one country to non-VAT registered customers in another EU country are also affected, as are some domestic goods sold online under certain conditions.
VAT is applied to all goods and services, regardless of their commercial value. In addition:
Although the OSS was designed to simplify and streamline VAT remittances, the complexity of the new EU VAT rules creates a myriad of tax compliance challenges and requires companies to think carefully about their operations and how they implement digital tax reporting. For instance:
No. Digital filing formats, e-commerce regulations, along with registration and submission processes, differ among EU member states and may be modified at any time.
No. Rates differ because the tax authority for each EU member state sets its own VAT rate, which ranges from 0% to 27% on goods and services. Also, depending on the sale of certain types of products or services, EU countries offer varied reduced rates or VAT exemptions.
Although the OSS and IOSS are alike, they are dissimilar. The OSS is an online portal and digital tax reporting system with three types of OSS VAT forms, whereas IOSS is one of the three OSS forms. IOSS is exclusively used to report VAT on imported goods transactions valued up to €150 to EU customers.
It’s difficult to determine penalties since they vary from one infraction to another and differ among each country. Your OSS registration’s tax authority will typically send a reminder 10 days after the VAT return due date. Specific member states of consumption will then relay additional reminders, as well as assess penalties. Afterwards, payments must be paid directly to each relevant member state, versus the country of your OSS registration.
OSS sales records must be maintained for 10 years.
Yes, but only if your e-commerce business is non-EU based, imports goods and services to EU customers, and needs to register for and file an IOSS VAT return. You may be advised to hire an EU-based intermediary (also known as a fiscal representative or VAT agent) to register your organization for the IOSS or Non-Union OSS, as well as file returns and submit VAT payments on your behalf.