Dear 5startool customers,

Maybe you all know the news about the new VAT rules. This article is about what the most important points should we concerned about? We think there are three important things to know:


1.When does it take effect and what has changed?

From 1 July 2021, all commercial goods imported into the EU from a third country or third territory is subject to VAT irrespective of their value, which means import VAT has to be paid over 0EUR. 


Read more official details about new VAT rules by clicking this link:

https://ec.europa.eu/taxation_customs/ioss_en 


2.Does it affect you?

The answer is yes and no:

‘YES’, because you are positively affected as an EU citizen. More public revenue being raised as fair taxation becomes the new norm. The VAT you pay will serve to build roads, hospitals, schools and will help the COVID-19 recovery efforts.

However the answer is also ’NO’, because you do not have to do anything directly and you are not obliged to change your shopping habits or where you buy from.


Know more official details about impact of new VAT rules on European customers by clicking this link:

https://ec.europa.eu/taxation_customs/eu-consumers_en 


3.What is the impact on online sellers?

Dear customer, we completely and strictly follow the newest VAT rules as the online seller. We are here to play our part with consumers in participating a uniform and transparent VAT system for cross-border supplies of goods and services.

Prior to this new policy, the declared value of an order was provided by the seller and now is generated directly based on the online store selling price.


Know more official details about impact of new VAT rules on Online seller by clicking this link:

https://ec.europa.eu/taxation_customs/online-sellers_en 


Latest European Union VAT Rates:

Country
VAT Rates
Austria
20%
Belgium
21%
Bulgaria
20%
Croatia
25%
Cyprus
19%
Czech Republic
21%
Denmark
25%
Estonia
20%
Finland
24%
France
20%
Germany
19%
Greece
24%
Hungary
27%
Ireland
23%
Italy
22%
Latvia
21%
Lithuania
21%
Luxembourg
17%
Malta
18%
Netherlands
21%
Poland
23%
Portugal
23%
Romania
19%
Slovakia
20%
Slovenia
22%
Spain
21%
Sweden
25%