Invoicing procedure when EU VAT deemed supplier rule applies
If your company is based outside the EU and you sell goods via the bol platform, the EU deemed supplier rule for VAT may apply. On this page, you’ll find what this means for invoicing and your administration, so you stay compliant with less effort.
For partners where bol is the deemed supplier for EU VAT purposes, the following invoice procedures will apply:
- Sales invoice to the customer
For the goods that you sell through our platform, bol will send a sales invoice to the customer. This means that the customer receives an invoice from bol, which includes the VAT amount due. Therefore, you don’t have to send invoices to customers yourself. - Fictitious purchase by bol
Bol will issue a self-billing invoice for the fictitious purchase of the goods on your behalf. The fictitious purchase price as stated on the self-billing invoice is equal to the sales price minus the VAT amount that we withheld on the sale. We pay this VAT to the local tax authorities. You can find more information on our invoicing process here.
Key points to note:
- VAT remittance: within this process, bol will collect and remit the VAT on your sales to the tax authorities
- No invoices have to be issued: you don’t have to issue any invoices, bol will handle these responsibilities, which simplifies your compliance
- Set-up accounting system: ensure your accounting system is set up to handle self-billing invoices from bol for the fictitious sales of the goods by you to bol
Next steps
If you have any further questions about how these rules affect your administration, please consult your bookkeeper or tax advisor.