ClearVAT®

0% VAT

Tax-free sales into all EU-27

Our ClearVAT® checkout integration provides a border-free sales experience for all your marketplace merchants on intra-EU orders.

 

How it works

 

ClearVAT® integrates into the platform’s checkout. When it detects a cross-border sale, the transaction is processed by eClear: We collect the total amount from the customer. We pay the VAT to the tax authorities. And the seller receives the revenue. Since the consumer pays the service fee, ClearVAT® is free for your marketplace merchants.

 

ClearVAT features

 

Full landed cost calculation on
product page based on VATRules®

 

Compliant invoice engine for
27 European countries

 

Reliable reconciliation and
transaction reports included

ClearVAT features

 

Full landed cost calculation on product page based on VATRules®

Compliant invoice engine
for 27 European countries

Reliable reconciliation and transaction reports included

More features

 

  • Europe’s most granular certified real-time tax engine on VAT Rates
  • VATRules® tax engine covering 1.2m
    European tax codes incl. 300,000
    exceptions
  • >85% accuracy in automated SKU/
    product assignment to tax engine
  • Looped-in process by fully
    automated SBI issuance
  • Handling all major foreign currencies
    (e.g. DKK, SEK)
  • Transaction banking via regulatory
    trust accounts
  • Automated payments to tax
    authorities
    and weekly merchant
    settlements
  • Accounting ready – APIs to many
    systems available (SAP S/4, SAP
    Commerce, DATEV)
  • All relevant accounting documents provided (EC Sales List, Intrastat, shipping documents)
  • Optional: Identification of B2B intra community sales with CheckVAT ID®
  • Certified to high volume transactions
    of up to 2,500 orders per second
  • All systems certified by BDO to
    software, accounting and
    bookkeeping standards (IDW880)

More features

 

  • Europe’s most granular certified real-time tax engine on VAT Rates
  • VATRules® tax engine covering 1.2m European tax codes incl. 300,000 exceptions
  • >85% accuracy in automated SKU/product assignment to tax engine
  • Looped-in process by fully automated SBI issuance
  • Handling all major foreign currencies (e.g. DKK, SEK)
  • Transaction banking via regulatory trust accounts
  • Automated payments to tax authorities and weekly merchant settlements
  • Accounting ready – APIs to many systems available (SAP S/4, SAP Commerce, DATEV)
  • All relevant accounting documents provided (EC Sales List, Intrastat, shipping documents)
  • Optional: Identification of B2B intra community sales with CheckVAT ID®
  • Certified to high volume transactions of up to 2,500 orders per second
  • All systems certified by BDO to software, accounting and bookkeeping standards (IDW880)

Validation

 

You want to learn more about ClearVAT?

 

Get in touch with our team!