Recent content by Hydrox

Where would someone best setup the shadow company?

Right now my supplier only charges me VAT on 1) the supplier price of ¥100. I thought this is the fee so we can use his ioss number on the packets But I know that i probably have to pay the VAT on my end price of ¥300 by next year but what happens with the VAT that my supplier already charges...

I am a little bit confused because right now i dont pay VAT on my sales since i have an exception for this year and the customers still smoothly get their items because my supplier has his IOSS number on the sold products. My supplier however only gets the IOSS Vat from me for the actual...

I do dropshipping from China to Germany, when i register for IOSS do i have to pay the VAT on the price that i solt the item to the customer or do i have to pay it on the actual product price from my supplier in China?

Seems like you also do e-commerce with to the EU; judging by the cars in your profile picture, you're doing well too. Currently, I am paying this IOSS VAT on the product price of my supplier, and we are using my supplier's IOSS number as well. I am not an expert on this yet, but with this setup...

Thank you for the answer, i will surely try to pump up my margins and do better marketing to account for the 19% VAT but it will still hurt. I´m gonna probably open a second store selling to the US and see how that goes as well. I´ve recently written with another guy who sells ecommerce...

Hey guys, I've been engaged in dropshipping from China to Germany, and I've had a successful first year. Currently, my company is registered in Germany, and the good news is that in the first year, I had the option to be exempt from paying the 19% VAT, so I didn't have to pay it. However...