Starting in October 2022, there will be new fees for Amazon Sales Tax Services. Here you can find out exactly when the changes will come into effect. We also explain why this is happening. In addition, we look at the specific changes to the fees. Finally, we would like to introduce you to our partner Agicap, with whom you are on the safe side when it comes to liquidity planning in your company.
When do new sales tax service fees apply at Amazon?
The new Amazon Sales Tax Services fees will apply starting October 1, 2022, and it doesn’t matter which country you previously used Sales Tax Services for, as the changes will apply everywhere. Consequently, the monthly payments will change from October. However, separate fees will still apply for each country.
How much are the fees?
VAT registration will cost 50 euros in Germany and the United Kingdom from October 1, 2022. In France, Italy, Spain, Poland and the Czech Republic, on the other hand, the fees will be 150 euros. VAT declaration costs 350 euros for all countries. It is divided into partner fees and Amazon technology fees. By the way, sellers who use the sales tax services in at least five countries receive a volume discount. For five countries this discount is 5 percent, for six countries 20 percent and for seven countries even 30 percent. Furthermore, if you are interested in the Amazon tax code list, you can find a corresponding overview in this post.
Liquidity planning with Agicap
Agicap is a tool that allows online sellers to track and plan their liquidity. Very handy is that you can connect accounts from all major banks with Agicap. You can also easily export important data from the tool to programs like Excel. You can also use Agicap for long-term planning. This allows you to decide, for example, whether or not you should hire new employees in the near future. The tool can also create your profit and loss statement, as well as visually prepare developments in diagrams. Furthermore, you can integrate other tools like Billbee with Agicap. If you are interested in a consultation, you can find all the necessary info here.
These were the most important Amazon news this week. Do you still have questions about the new fees for Amazon sales tax services or would you like to know something else about Agicap? We will be happy to assist you in this regard. Just send us a message – without any obligation, of course.
We look forward to hearing from you.
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