Allows you to automatically charge the correct VAT depending on the country of the user.
From January 1, 2015, the European Union introduced new tax rules for the purchase of digital goods (software, e-books, telecommunications and broadcasting services ) for European citizens.
In a business for sale to a consumer, the store must apply the buyer’s country VAT; In business, it all depends on whether the company has a valid VAT number recognized by the European Union. 28 countries mean 28 different calculations; do you think this can be confusing? Well, because with VAT YITH WooCommerce EU everything will be automatic.
As an e-commerce owner, you should be aware of the new European rules on digital products. In fact, the European Union decided to apply the buyer’s country VAT on B2C sales (business to consumer). In contrast, in B2B (business to business) sales, if the company has a valid VAT number, no VAT will be charged on the purchase, otherwise the applicable VAT will be the same as the B2C sale.
Therefore, regardless of whether you have a European store or not, you need a way to understand the origin of your customers.
Also VAT YITH WooCommerce EUdouble-checks the origin of your customers, as requested by the new law: this process for applying the correct VAT involves checking the geolocation of customers, which will have to confirm their change manually. nation.
That’s why YITH WooCommerce EU VAT is your secret weapon: it allows you to automatically apply the right taxes depending on your client’s country, without any other operations.
Moreover, the plugin will calculate the amount you have to pay monthly, freeing you from calculations and research!