Managing VAT across Amazon marketplaces can be complex, especially for international sellers. SELLERLOGIC’s Global VAT Settings make VAT management easier and more efficient by centralizing everything in one place.
What are the Global VAT Settings?
Key Features:
- Centralized Control: Access VAT values for all supported Amazon marketplaces from one central location.
- Easy Adjustments: Update VAT rates manually for specific countries or products if needed.
- Seamless Integration: Applies across SELLERLOGIC tools like Repricer (Product VAT) and Business Analytics (VAT on Amazon Fees).
How It Works
1. Default VAT Values: Automatically assigns default VAT rates per marketplace to new products.
- Manual changes are available for flexibility via the Global VAT Settings page.
2. Visibility:
- The main ‘Account’ level displays all marketplaces and regions, for a clear overview.
- Each added account is organized into ‘folders’ showcasing its specific regional marketplaces for effortless navigation.
3. Product VAT vs. VAT on Amazon Fees:
- The VAT values that apply to your product sales can be managed under the “Amazon sales” tab.
- VAT on Amazon fees can be managed separately under the “Amazon Fees EU” tab, handling VAT deduction in Business Analytics in terms of changes related to VAT Fees recovery from August 2024 onward.
User Steps for Updates
- For New Products:
- Default VAT rates are automatically applied based on marketplace settings.
- To customize, go to the Global VAT Settings page > select the country box > input specific VAT rates.
- For Existing Products:
- Manual updates are still required for products already in your account.
- For Different VAT Rates in One Marketplace:
- Change these manually or via bulk edit on the Repricer “My Products” page.
Benefits for You as a User
- Save Time: Eliminate repetitive input for VAT rates across multiple marketplaces.
- Simplify Management: Default VAT settings for new products make updates effortless.
- Consistency: Ensures uniform VAT values across all SELLERLOGIC tools (Repricer and Business Analytics).
Examples
Scenario 1:
You’re an international seller struggling with VAT updates. With Global VAT Settings, default VAT rates are applied automatically to new products, saving time and reducing errors.
Scenario 2:
You’re a SELLERLOGIC client expanding to new marketplaces. Simply update VAT settings once in the Global VAT Settings page, and they’ll apply to all future products.
Get Started Today
- Existing customers: Navigate to SELLERLOGIC > Gear Icon > Global VAT Settings to explore the feature.
- New customers: Click below to learn more about SELLERLOGIC and how we simplify more than just VAT for Amazon sellers.
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Image credits in order of appearance: © Supatman – stock.adobe.com / © screenshots – sellerlogic.com
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