Understanding VAT with Printful
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Dealing with taxes might seem like a daunting task at first. But there’s no need to worry, it’s a process you only have to understand once and there are plenty of resources to help you get started.
00:00:27 What is VAT?
00:04:24 When to apply VAT rates?
00:04:39 You’re based in the EU and haven't reached the domestic sales threshold for your country
00:06:06 You’re based in the EU and have reached your country’s VAT threshold
00:06:48 You’re based in the EU and have reached the distance selling threshold
00:08:24 You’re not based in the EU and sell your products to customers in the EU
00:09:41 How to submit a VAT ID to Printful?
Useful links:
📍What is VAT: http://bit.ly/2k0G6VB
📍VAT rates: http://bit.ly/2zTDIXD
📍FAQ with countries Printful is registered in: http://bit.ly/2F92Z2n
📍VATGlobal: http://bit.ly/2AXKgIr
📍FBA-hero: https://bit.ly/3fmvGx9
📍Simply VAT: http://bit.ly/2nzwypM
📍FAQ: https://bit.ly/3rQ91y8
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VAT stands for Value-Added Tax. VAT applies to almost all goods and services that are bought and sold in the European Union. It’s placed on each stage of the supply chain. That’s why fulfillment, sales, shipping, and services all have VAT applied to them.
Keep in mind that you might be liable to collect VAT from your customers on all your orders shipped to the European Union. This means that Printful charges you VAT for all orders shipped to the European Union.
Registering as a VAT payer might feel overwhelming, but don’t worry, there are a lot of tools to help you. You can check out services like VATGlobal, FBA heroes, and SimplyVAT for VAT questions and setup help.
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