Events | 7. January 2022

Review “Introducing eClear at NOAH Zurich Conference 2021”

Roman Maria Koidl, founder & CEO of eClear, had the opportunity to highlight Europe’s only full-service VAT and Customs Clearing House for seamless cross-border business on the main stage. by

NOAH Conference Zurich 2021
NOAH Conference 2021 in Zurich

In December 2021, more than 800 startup founders, venture capitalists, policymakers, and executives from leading companies met face-to-face at the NOAH Conference in Zurich. The event is known for bringing capital together with sustainable tech companies of all sizes. The conference concept adds value to different groups and enables them to work together on sustainability. Key stakeholders include landowners, non-governmental organisations, investors, policymakers, academics, businesses, tech solution providers and indigenous peoples.

This year, Roman Koidl, CEO and founder of eClear, presented on the main stage the importance of the company, the leading technology platform for technology and customs clearance in Europe, for the upcoming challenges in cross-border online trade – with a particular focus on VAT.

Cross-border transactions account for around 35% of the €500 billion European e-commerce market

The goal of eClear is to lift the status quo: The administrative hurdles e-commerce businesses face when selling across borders, be it applying the correct VAT rates or customs regulations in the different European destination countries – the 27 EU Member States, the United Kingdom, Northern Ireland, Switzerland, or Norway.

As part of the harmonisation of the European VAT system, customs, and VAT regulations have become even stricter, and the administrative hurdles are more significant than ever. The reason for this is the volume of tax fraud in Europe, estimated at 150 billion euros. Therefore, the European Commission has initiated activities to improve the prosecution of companies that pay VAT incorrectly or not at all. In addition to a pan-European public prosecutor’s office, the VAT package for e-commerce and marketplace liability were also introduced. Moreover, there was also Brexit.

eClear, and its knowledge of the challenges mentioned above, has built an infrastructure that provides tax content: over 1.2 million tax codes and 300,000 exemptions in one database. eClear thus offers merchants end-to-end tax automation and tax payments – all in one tool. We call it Single Point of Truth, SPOT. The merchant sees everything he does in a single place. All his revenue, all the taxes he has to pay, and all the cross-border shipments he has, eClear enables merchants to ship to Europe with its fully certified tools, with no registration, no liability, no taxes and no auditing, which means the merchant has no barriers across Europe.

Introducing SPOT

SPOT is your new financial dashboard. It is developed for enterprises looking to navigate their business through the tangled complexity of cross EU shipments, VAT reporting and tax compliance. The tool provides the complete picture of your e-commerce business.

When operating a shop and being active on multiple marketplaces, SPOT pulls your invoice data from all systems and aggregates it into a combined overview. You no longer have to switch back and forth between different reports. A single SPOT log-in is all you need to access your revenue and sales data. Create an account, connect your financial data sources, and you are ready to go with SPOT!

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