If you are already registered for VAT in a specific EU country, you need to submit VAT returns on a regular basis.
Each country has specific VAT reporting rules
Reporting periods and form of submitting declarations
Different FX conversion rules
step by stepHow is the VAT filings process in taxology?
Step 1Automatic Amazon data download
By connecting via the API at the beginning of each month, the application automatically downloads sales data from the previous month. Taxology allows you to precisely monitor sales statistics, make thoughtful changes and improve your business development.
Step 2Source data edition and approval
Special algorithms in our app detect all transactions that may be wrongly assigned, for example due to incorrect Amazon account settings. At this stage, it is also possible to add external sales and supplement product prices for the purpose of settling shipments.
Step 3VAT settlement and submission of the declaration to the tax office
Taxology automatically calculates the amounts necessary to complete the VAT return. After approving the settlements and submitting the declarations, the application will archive copies of these declarations. Thanks to this, everything necessary for VAT settlement is in one place - in taxology!