At Rivernue.com, we understand the importance of taxes in our B2B marketplace. Governments around the world have strict regulations that we must adhere to in order to maintain compliance and ensure fair transactions for all parties involved.
One of the key things to keep in mind when selling products on our platform is the correct classification of your product's VAT/tax rate. This rate must be set according to the country of origin of the product and must align with the VAT/tax laws of that specific country.
To simplify this process, we have pre-set the VAT/tax rates for countries within the European Union (EU). This means that the VAT/tax rate for Poland, Lithuania, and other EU countries will already be in place to chooose from. Buyers from other countries will have a 0% VAT rate, by design of VIES, as our platform currently only operates within the EU.
However, it's important to note that as a seller on our platform, you have a responsibility to ensure that the VAT/tax rate for your products is accurate and up-to-date. This includes having the necessary documentation and invoices to support the VAT/tax classification of your products.
To ensure compliance with EU tax laws, we recommend that you familiarize yourself with the
EU VAT Directive and any relevant regulations in your country of origin. This will help you to better understand the tax implications of selling products on our platform, and to ensure that all transactions are carried out in accordance with EU tax laws.
In conclusion, taxes are a crucial aspect of our platform, and it's imperative that all sellers understand the importance of VAT/tax classification and compliance with EU tax laws. This will help to ensure a fair and transparent marketplace for all parties involved.
Related Articles
Payment - General Information
At Rivernue.com, we understand the importance of clear and comprehensive payment information for our sellers. As a B2B marketplace, we strive to ensure a seamless and transparent payment process for all of our suppliers. We offer our customers the ...
Partners - General Information
At Rivernue.com, we understand the importance of providing the best possible experience for both our sellers and buyers. That's why we have established partnerships with various companies across Europe, to offer you a wide range of benefits and ...
Shipping - General Information
At Rivernue.com, we are dedicated to making your selling experience as seamless and stress-free as possible. That's why we've partnered with Eurosender, an exclusive logistics platform that provides affordable and reliable shipping solutions. With ...
Developer Team - Vendor Update v.1.1
Right of now, we're offering a great forcast for future Vendors of the platform. New features are beeing developed and added every week an we will try to keep everyone updated during the process! New features this week: Video Gallery for products ...
Developer Team - Vendor Update v.1.2
We have now entered the Test-Pilot stage of our development, not everything is in place but we hope to have more in place and small bugs fixed over the coming few weeks and we would love the any feedback our test-pilots could provide, to improve the ...