Introduction.
Cross-border e-commerce (E-commerce) has been expanding worldwide with Amazon, eBay, Rakuten, Shopify, WooCommerce, and Corona Vortex, and is now the focus of attention by all companies. Cross-border e-commerce has been introduced with the positive aspects of being able to start selling within minutes of creating a site, and new sales opportunities from markets around the world. On the other hand, local taxes and various other costs are not shared much: local taxes such as VAT are levied and collected by the seller on the local buyer, but even in the case of cross-border e-commerce, there are cases of taxation, collection, and reporting.
Not all tax accountants, lawyers, and other domestic professionals have knowledge of overseas tax and legal affairs.
IN THIS COLUMN, OPTI CORPORATION, WHICH HAS EXTENSIVE EXPERIENCE IN THE TAX ASPECTS OF CROSS-BORDER EC, PROVIDES A "CROSS-BORDER EC TAX NAVIGATOR" IN A Q&A FORMAT. WE HOPE THAT THIS CROSS-BORDER EC TAX NAVIGATOR WILL BE OF HELP TO VARIOUS COMPANIES CONSIDERING CROSS-BORDER EC.
Q] WHAT IS A "POWER OF ATTORNEY" USED FOR VAT REFUND AND VAT REGISTRATION?
A] WHEN WE DEAL WITH THE EUROPEAN TAX AUTHORITIES, WE NEED TO DEMONSTRATE TO THEM THAT WE ARE ACTING ON BEHALF OF OUR CLIENTS.
For this purpose, a document called a "Power of Attorney," or PoA, is required. The Power of Attorney must certify that the client company has duly authorized us to act on their behalf.
The power of attorney to be submitted to the European tax authorities must be in English or the local language. It must be signed by a representative of the company.
Please contact us for more information.
Disclaimer
This column contains general information only and is intended to be used at the reader's own risk. While every effort is made to improve the accuracy of the information, it may contain inaccuracies. Readers should consult a suitably qualified professional before making any decision or taking any action and assume the entire risk and responsibility for any loss arising from the use of this column.
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