ClearVAT
Description
ClearVAT is the first and only pan-European clearing house for the lawful calculation, collection and payment of the VAT owed through cross-border trade in all EU member states. European e-commerce companies face a jungle of rules and tax exemptions when shipping to other EU countries. As a consequence, e-commerce players evade around 20 billion euros in turnover tax every year through cross- border trade. ClearVAT is a »One Stop Shop« that allows eCommerce merchants to sell their goods within the European Union, with fully automated clearing of the applicable VAT in the country of destination.
Jury statement
eCommerce companies unwittingly reduce many billions of euros in sales tax every year in cross-border trade, which presents a high risk of liability for executive managers and investors. ClearVAT offers a highly innovative clearing solution based on an interdisciplinary approach from tax and trade law. It makes it possible for the almost one million eCommerce companies in Europe to distribute their goods within the member countries in consideration of the VAT valid in the respective country of destination. A unique service that provides more tax law certainty in cross-border online retail within the EU.
Gold
Excellence in Business to Business
Retail & Trade Solutions Company ClearVAT AG Development ClearVAT AG Share
Retail & Trade Solutions Company ClearVAT AG Development ClearVAT AG Share