Company logo: clearvat

ClearVAT

One-stop-shop specialized in displaying, collecting and clearing VAT from EU cross-border B2C transac- tions in compliance with legally binding EU regulation. ClearVAT solves a €18bn+ liability problem for over 800’000 e-commerce merchants and their inves

Company Overview

ClearVAT is Europe's sole VAT clearing house for eCommerce and Long Distance Selling Retailer. ClearVAT is a one-stop-shop specialized in displaying, collecting and clearing VAT from EU cross-border B2C transactions in compliance with legally binding EU regulation. The company thus provides a solution for the €18bn+ liability problem for European e-commerce merchants and their investors so that they can focus on their priorities: scaling and expanding their business. Over 800,000 e-commerce shops generate a turnover of more than 550 billion EUR per year in the 28 member states of the EU, 20% of which is cross-border trade. Once sellers exceed certain thresholds taxation needs to happen in the country of destination, i.e. sellers owe their VAT to local tax offices across Europe. What may appear easy is indeed incredible complex: thousands of exemptions create a jungle of rules. This is not only a burden and hard to navigate, it also leads to tax evasion in the order of EUR18billion per year. ClearVAT - PlugInto Europe.

Primary Company Info

Headquarters:
Berlin, Germany
Country:
Germany
Year Founded:
2016
Website:
Active Markets:
Continental

Edition June 2019

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