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|Summary||0046293: Foreign VAT rates creation and management required for e-commerce|
|Revision||2021-04-19 10:21 by psanjuan|
|Description||Foreign VAT rates creation and management required for e-commerce.
If a product having a Normal VAT is sold in a store in Spain, it has to be taxed at a 21% (Spanish VAT).
If that same product is sold to an intracommunity operator and deliver within EU, that transaction will be VAT exempt due to the fact that intracommunity sales are exempt
So far all these scenarios are covered by Openbravo and the Spanish taxes dataset (same applies to rest of taxes datasets for France, Portugal and Italy).
However e-commerce sales taxation changes whenever the amount of that sales is higher than a given threshold, up to which instead of being taxed at local tax (for instance normal Spanish VAT at 21%), will be taxed at the foreign VAT (for instance German VAT at 19%).
In that last case, those transaction will not be subject to local VAT and therefore will not be settle locally, however will have to informed (SII).
|Revision||2021-04-19 10:09 by psanjuan|
|Description||Foreign VAT rates creation and management required for e-commerce|
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