European Union VAT e-commerce rules change
FormulaMod announcement about European Union VAT e-commerce rules change
The new rules will come into force on 1 July 2021
Description of the new rules:
https://ec.europa.eu/taxation_customs/business/vat/vat-e-commerce_en
European Union VAT e-commerce rules and this announcement are only applicable to European Union countries (Austria, Belgium, Bulgaria, Cyprus, Czech Republic, Germany, Denmark, Estonia, Spain, Finland, France, United Kingdom, Greece, Croatia, Hungary, Ireland, Italy , Lithuania, Luxembourg, Latvia, Malta, Netherlands, Poland, Portugal, Romania, Sweden, Slovenia, Slovakia)
Non-EU countries will follow the previous method and remain unaffected
Corresponding to the new rules, orders on our website will take the following measures:
1. We do not charge any VAT and Customs Duties
Therefore, the product prices and shipping costs on our website will not be adjusted due to the new rules.
2. All orders, according to the principle of paying VAT and Customs Duties by the buyer
We send packages by DDU (Delivered Duty Unpaid - named port of destination)
When the packages arrive at the customs of your country, the customs or local logistics service providers will contact you for customs clearance.
3. For specific VAT and Customs Duties collection rules
The VAT exemption for the importation of goods of a value not exceeding EUR 22 will be removed.
As a result, all goods imported to the EU will be subject to VAT.
Please refer to relevant documents and instructions issued by European Union.
Thank you for your understanding and support
If you have any need for our help, please feel free to contact us
FormulaMod
2021/6/23
