Taxamo’s integration with WooCommerce enables full compliance with 2015 EU VAT rules for digital sellers.
WooCommerce, the world’s most popular e-commerce platform, today announced an integration with global digital tax experts, Taxamo. Taxamo offer an end-to-end solution for compliance with new 2015 EU VAT rules on the sale of e-services and digital goods.
The integrated WooCommerce Taxamo plugin enables any e-commerce business to quickly adjust their website to enable full compliance by allowing them to:
- Identify EU and Non-EU transactions
- Collect customer location evidence per transaction
- Validate B2B transactions
- Calculate VAT for 28 EU States, in real-time
- Store customer location evidence.
- Calculates ongoing VAT liability.
- Create quarterly EU MOSS returns.
- Create audit files for EU tax authorities.
- Securely archives data for 10 years, as mandated.
Taxamo’s solution also provides currency conversation based on European Central Bank (ECB) rates, up-to-date VAT matrix management and support for both dynamic and universal pricing.
‘Our latest Taxamo integration is a pivotal product for the thousands of merchants effected by the updating EU VAT rule changes. In preparation for these changes we’ve worked alongside Taxamo and trust them as our service partner to address EU VAT compliance. We couldn’t be more excited to have found a service that simplifies the new EU VAT compliance issues for merchants and partnership with Taxamo we’ve decided to make the integration free’, said Joel Bronkowski Chief Business Development Officer for WooCommerce & WooThemes.
The new 2015 EU VAT rules require merchants with B2C (business to customer) sales of digital goods and services in Europe, to identify where their end customer is located by collecting two pieces of non-conflicting evidence and then applying the correct VAT rate.
‘With less than two weeks to go until the new rules come into effect, digital merchants all over the world are searching for a solution. The Taxamo WooCommerce plugin enables merchants to achieve full EU VAT compliance…in a matter of minutes.’ said John McCarthy, Taxamo CEO, ‘Taxamo’s mission is to give digital sellers an easy and affordable way to manage EU VAT compliance, and the WooCommerce plugin is a natural extension to our API.’
The WooCommerce Taxamo plugin is available to download through WooCommerce (http://www.woothemes.com/products/woocommerce-taxamo/)
Note: Taxamo content is created for guidance only, please consult your local tax advisor for professional advice.