The YITH WooCommerce EU VAT Premium plugin offers comprehensive tools to manage VAT compliance and facilitate the One Stop Shop procedure required by the European Union. Here’s a breakdown of its key features:
General VAT Options:
- Checkout Page VAT Field: Display VAT fields on the checkout page and set them as optional or mandatory.
- Geolocation: Geolocate users to present accurate VAT rates based on their countries.
- IP Address Confirmation: Verify billing address against IP address; ask for confirmation if mismatched.
- Purchase Restrictions: Restrict purchases to customers with valid VAT numbers.
- Display Settings: Choose to show the VAT field to customers from the shop’s country or the customer’s country.
B2B Exemptions:
- Taxes Import: Automatically import standard or reduced taxes for European countries.
- VAT Exemption: Enable VAT exemption for specified countries.
- VAT Deduction: Option to deduct taxes if a B2B customer provides a valid European VAT number.
One Stop Shop (OSS) Options:
- OSS Enablement: Activate the OSS procedure as mandated by the European Union.
- Threshold Monitoring: Monitor the €10,000 sales threshold from the plugin’s dashboard.
- Automated Reporting: Automatically generate OSS reports at selected intervals (e.g., yearly, monthly) and export them as CSV files for tax authorities.
Advanced Features:
- EU Purchase Blocking: Choose to block purchases by European users.
- Custom Messages: Display custom messages on the Cart or Checkout pages to prevent EU purchases.
- Integration: Integration with YITH Dynamic Pricing per Payment Method for WooCommerce.
New IOSS Procedure (Added Feature):
- VAT Exemption over €150: Enable IOSS to exempt VAT for EU customers on orders exceeding €150.
- IOSS Reporting: Includes a dedicated section for IOSS reports within the plugin interface.
The plugin streamlines compliance with EU VAT laws, facilitates VAT exemptions for B2B customers, and supports the One Stop Shop and IOSS procedures required by the European Union.