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New partnership helps avoid tax and duty pitfalls

[ April 25, 2023   //   ]

Manchester-based shipping integration platform, Shipster has partnered with the Eurora cross-border trade compliance platform. Shipster is using Eurora’s AI solutions to automate its clients’ global trade and compliance processes including its database of worldwide duty and tax rates.

It says this will help avoid legal issues and fines for eCommerce businesses dealing with the recent changes in VAT regulations. Such as the EU’s Import One-Stop Shop introduced in July 2021, which was meant to simplify the collection and payment of VAT for companies exporting low-value goods (up to €150) to the block.

However, registering for the IOSS scheme can be complex and time-consuming for non-EU businesses, which must rely on a VAT intermediary registered in the EU, like Eurora.

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