The in-house developed tool has various features that were specifically designed for the needs of online sellers. One key aspect is the monitoring of sales and VAT threshold limits in real time. A series of notifications are in place to let online sellers know that an annual sales volume has triggered a threshold and further steps, like VAT registrations, are due.
The tool offers an easy understanding of the way VAT works and is fundamental to the success of the EU cross-border e-commerce allowing businesses to grow, increase competition to benefit consumers, and assure public tax collection and compliance.
There is a FREE version of the tax tool to cover basic needs, and a paid version which enables various additional features.