Some just joined the Amazon competition, while others have been "in the game" for years. We noticed some of them have lost anywhere from a few thousand dollars to over $200K due to one common mistake.
-> They didn’t include their local VAT number as an EU-registered company in their US Amazon account. <-
Why is this important?
Amazon US charges an additional 19-21% tax (depending on your government's law) on top of your advertising and referral fees. You can avoid this tax by including your local VAT number in your US account. A significant amount that could be better invested in your business.
-> Here is how to add the information in 3 simple steps <-
Find your VAT number in your registration documents.
Go to your Seller's Central Account Information -> Tax Information - > VAT Information.
Fill in the information needed and save yourself thousands of dollars in unnecessary fees.
Knowledge gaps like these can make or break your business.
AMZ Bees, FZE LLC
