What is the process for Amazon to pay back taxes?
1. The seller provides the sales amount from the beginning of the account sales to the present;
2. The accountant will upload the sales account to the German tax authorities;
3. The German tax bureau issues a tax payment notice;
4. The seller remits the money to the designated bank of the German Tax Bureau according to the tax payment notice;
5. Submit the tax payment receipt and registration information to the tax bureau for VAT registration. It takes about one month to apply for a tax number.
What are some good suggestions for Amazon VAT?
1. If you plan to set up a UK site, you need to register a VAT number one month in advance and distinguish between VAT and EORI numbers. Because the new flat rate policy is relatively strict, try to use your own VAT for customs clearance. Although VAT application only takes 3-5 days, EORI will not take effect until about 20 days after VAT takes effect, so prepare for VAT registration as early as possible.
2. If the seller has started FBA sales but has not bound VAT, he should register VAT as soon as possible; on June 13, Amazon closed a large number of seller accounts that had not bound VAT but were obliged to register VAT, so UK VAT compliance must be an issue that cannot be avoided. If you plan to use FBA warehouses, you must register VAT to avoid unnecessary losses caused by account closure.
3. Once you have registered for VAT, you are obliged to declare it on time. Even if there is no sales, you still have to declare it on time. If the account is not used, it must be cancelled immediately. Do not leave it there.
4. If you already have sales and want to pay additional taxes, please consult a tax agent for details.
This is the end of this issue on Amazon tax refunds. If you want to get more updated and complete knowledge, please continue to pay attention!
