Taxamo is an end-to-end service that calculates the appropriate EU VAT rates based on your customers’ locations and the products within their carts. Taxamo can capture up to six separate records of location data in a single transaction, all in real time, and all without interrupting the customer.
Connect your store to Taxamo with the Taxamo Integration for WooCommerce extension and comply with EU VAT regulations. Once connected, WooCommerce will send cart information to Taxamo when your customers check out. Taxamo returns the appropriate amount of EU taxes to charge for the digital goods in their carts. After the customers pay, Taxamo routes the collected taxes to the appropriate VATMOSS locations.
The Taxamo Integration for WooCommerce extension uses Taxamo’s API for correct tax calculation, evidence collection, and registration of payments. Taxamo comprehensive reporting tools generate downloadable EU MOSS returns and audit files.
VATMOSS is an EU VAT regulation, effective January 1st, 2015. This new regulation requires that VAT for the sale of digital goods be charged based on the location of the customer (rather than the location of the online store) as well as factoring in different rates depending on the type of digital goods (for example, the cost of an eBook sold in France is different than the cost of a digital download).
The payments are made to a MOSS (mini-one-stop-shop) registered in the EU and collected by the appropriate government department.
The latest version of this extension supports the API v2. Please ensure your account with Taxamo supports the API v2 before upgrading. If you are unsure, please ask Taxamo. Before you upgrade or buy the extension be sure your Taxamo account supports it.