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Press Releases from eClear AG (6 total)

E-Commerce merchants could pay up to EUR 3.8 billion too much VAT in 2022

• Merchants underestimate losses due to VAT exceptions • Online tool "VAT Optimiser" warns of possible VAT overpayment Berlin, 16 February 2022 - VAT rates vary across the EU. In addition to the country-specific standard rates (from 17% in Luxembourg to 27% in Hungary), Member States can apply reduced (from 5 to 15%) or super-reduced rates (below 5%). Some EU countries also apply a zero rate to specific transactions. It is up to each

EU Commission publishes incorrect VAT rates

• So-called "EU VAT Rates Database" incorrect and incomplete • E-commerce merchants and customers affected throughout Europe as of 1 July • eClear database VATRules has over 800,000 tax codes Berlin, 24 June 2021 – The database of VAT rates for the EU-27 published by the EU Commission (Tax-UD department) is partly incomplete and incorrect. This is pointed out by the Berlin-based tax technology specialist eClear AG. “The database has obvious gaps.

eClear becomes a payment institution

BaFin has granted the Berlin-based start-up eClear permission to act as a payment service for cross-border e-commerce trade throughout the EU for its VAT payment solution "ClearVAT", which is unique in Europe. Berlin, 3 May 2021 - Berlin-based tax technology specialist eClear AG has been granted a licence to provide payment services by the German Federal Financial Supervisory Authority (BaFin). The licence is valid for the whole of Europe in the

VAT cut ended in Germany - eClear keeps shop systems up to date

From July to December 2020, the German government had reduced VAT to 16% and 5% respectively. On January 1, 2021, Germany reverted to the previously applicable rates of 19% and 7%. eClear keeps merchant's shop systems in the EU 27 up to date with its automation solutions for tax compliance. For retailers, an effort is being repeated that was already described as "immense" and "torture" in June 2020 (Handelsblatt, June 5,

eClear: Personnel reinforcement in November and renewed SAP® Certification for …

eClear AG is expanding its management team with Brigitte Holzer as CFO/COO and Andreas Weidner as Vice President Customs Compliance. In addition, the Value Added Tax (VAT) solution ClearVAT Services 1.2 again received SAP-certification as built on SAP Cloud Platform. Brigitte Holzer is the new Chief Financial Officer and HR/Organization Officer of eClear AG. With her comprehensive expertise in these areas as well as in corporate development, she complements the management

Steinbrück launches EU VAT engine

"This is something European politicians have been trying to do for more than ten years without success," commented Peer Steinbrück on the stage of the online retailer congress "Plentymarkets" in Kassel before he symbolically put the result of several years of development work into operation together with host Jan Griesel and eClear founder Roman Maria Koidl. What neither the European Commission nor other institutions can currently demonstrate, the Berlin start-up eClear

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