VAT Status Information
Introduction
This article provides essential information regarding VAT requirements for resellers and wholesalers using the ANAM Craft marketplace.
Table of Contents
Understanding VAT Exemptions
ANAM Craft operates as a wholesale (B2B) marketplace, meaning that resellers and wholesalers are exempt from paying VAT. If you are a brand shipping to a retailer in the USA, there is no VAT requirement, and therefore, you should not include VAT in your pricing. Retailers will be responsible for paying any applicable duties or fees.
Consulting with Tax Advisors
It is highly recommended that you consult your tax advisor or the Local Enterprise Office (LEO) in Ireland for more detailed information on VAT requirements specific to your business.
Conclusion
In summary, resellers and wholesalers on ANAM Craft do not need to include VAT in their transactions. For further guidance, please reach out to a tax professional.
Frequently Asked Questions (FAQ)
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Q: Do I need to pay VAT if I am a wholesaler?
A: No, wholesalers and resellers on ANAM Craft are exempt from paying VAT. -
Q: Who is responsible for paying duties and fees?
A: Retailers are responsible for any duties or fees associated with their shipments.
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