A new EU regulation-the "EU Market Supervision Regulation EU (2019/2020)" will be implemented on July 16, 2021.
Earlier, the European Union issued an adjustment to the value-added tax (VAT) of goods, starting from July 1, 2021. The adjustment content will mainly affect the import of goods in the EU, including non-EU merchants selling overseas to the EU. Goods, goods sold across borders by EU merchants, etc.
For the first time on the change of EU VAT (Value Added Tax) regulations
From July 1, 2021, the original policy of "goods imported into the EU with a value of less than (or equal to) 22 euros, will be exempt from VAT" is cancelled, that is, all goods imported into the EU are subject to VAT.
From July 1, 2021, the current EU internal distance selling threshold threshold will be cancelled, and the new threshold applicable to the entire EU is 10,000 euros.
In other words, after the new rules come into effect, local EU merchants with annual sales of more than 10,000 euros will have to pay VAT in the receiving country (destination country).
The second time on EU EU regulatory regulations
From the perspective of the EU, the focus of this regulation is to identify and prevent products that may endanger the health and safety of EU consumers and that do not comply with (or do not apply) EU laws.
According to the requirements of regulations, products of specific categories (including toy products, electronic products, personal protective equipment, and other products with the CE mark) sold in the EU (whether shipped from the country or abroad) Must meet the following 3 requirements:
1. Provide the person in charge of the product in the EU
The person in charge of the product in the EU can be an individual or an individual. The main scope of responsibility is to act as the contact person for the product when there are certain compliance issues with the product. In addition, if the EU regulatory agency finds that the product exists For specific problems (such as violation of safety standards, or serious defects in the product, etc.), the person in charge shall bear legal responsibility for the product.
According to EU regulations, merchants need to designate a person in charge of the corresponding product from July 16, 2021.
2. Keep the relevant technical documents of the product
Retain the relevant technical documents of the product for review by EU regulatory agencies, including but not limited to technical construction documents, declarations of conformity, performance declarations, etc.
3. Meet relevant label and packaging requirements
In the case of legal regulations and applicable, the product itself, packaging and (or) accompanying documents must be provided, CE marking, contact information of the designated EU responsible person, instructions, etc.
With the successive implementation of EU VAT regulations and product regulations, it can be seen that the EU market has higher and higher requirements for product compliance. The European Union proposes a new tax framework that is more extreme than the US global corporate tax plan, referred to as BEFIT. This is a set of corporate tax rules for the entire European Union. The rules will allow taxation of the same things throughout the European Union and distribute profits to EU countries in accordance with national tax rates.
The commission also plans to propose an EU law next year to force large multinational companies to announce their effective tax rates paid in the EU. The EU's new tax reform will start the platform for collection and payment on July 1, and there will no longer be a German tax certificate.
Instead, the seller is required to submit the VAT issued by the Federal Taxation Administration. If the seller's tax is not compliant, the tax bureau can directly ban the number, and no longer need to notify Amazon to re-ban the number. When the old and new systems alternate, it is often the time when the review is most stringent. I hope every seller friend will not ignore compliance issues by chance.
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