Re:Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul
by xorcist on Sunday July 02, 2017 @07:04AM
(#14681964)
If you sell goods or services online then the different VAT rules becomes a hard problem once you reach the scale where your EU sales are more than a trickle but not large enough to have a presence in each country. This is quite a big part of online commerce.
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Re:Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul
by shortleon on Sunday July 02, 2017 @08:27AM
(#14682187)
I do not think it is a problem. When ordering from a shop, you pay VAT of the country of origin and you won't be taxed in your own when the product arrives. Of course, if the seller tried a little bit harder, they can charge you the tax of your own country and reap the profits.
Re:Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul
by xorcist on Sunday July 02, 2017 @09:36AM
(#14682422)
> you pay VAT of the country of origin and you won't be taxed in your own
No, this is the whole problem. If the total sales volume to the buyer's country is under a certain limit the above holds true. When you reach the sales limit for that country, the seller is responsible for applying that country's VAT instead, and annually clear VAT with the respective tax office.
As you can imagine, keeping track of all these things can quickly become tricky. Not business ending tricky but hard enough to become a problem. A consumer should be presented with prices including tax to avoid surprises, but now prices have to be adjusted at the order stage.
Re:Modi Takes a Leap With India’s Biggest-Ever Tax Overhaul
by henrikschroder on Sunday July 02, 2017 @04:55PM
(#14684286)
Yes, it's a problem, but I think marketing across language and cultural barriers are a much larger problem, and the new VAT rules are merely a bump in the road in comparison.