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Pay VAT Directly from Your Indian Payoneer Account

Richard ClaytonRichard Clayton
January 6, 2021

If you are a cross-border seller with business in the EU and UK, you’ve likely heard about the VAT crack-down on foreign Amazon sellers. Sellers reaching a certain threshold in sales to these markets may owe value added tax (VAT) to the local UK and respective EU governments. Payoneer has made it easier than ever for its sellers to settle their VAT obligations to the tax authorities, and now Indian sellers can benefit too.

Continue reading to learn more about how Payoneer can simplify how you pay VAT. Do you need help paying VAT? Parshotam & Associates is the premier taxation and compliance service agency. Learn about their limited time offer and be sure that your VAT is properly filed.    

Paying Your VAT Through Payoneer

Payoneer customers can pay their VAT directly from their balance, with no transfer fees! The service is open to sellers from India selling on Amazon UK, Germany, France, Italy, Spain, Czech Republic and Poland.

Please note that the store for which you are paying VAT must be connected to Payoneer Store Manager.

Process for paying VAT through Payoneer:

  • If your Amazon store is not yet connected with Payoneer Store Manager, this will be your first step. For more information on how to connect your store, check out this how-to.
  • Send an email to VAT-IN@payoneer.com with the following info:
    • VAT registration number if paying for UK and IBAN and Payment Reference if paying for EU countries.
    • VAT amount to be paid.
    • Currency you need to pay VAT in (GBP / EUR / CZK / PLN).
    • Amount and date of your next Amazon disbursement. Please make sure to raise a VAT request at least two days before your next Amazon disbursement (the VAT amount should be less than or equal to the Amazon disbursement amount).
  • Once your Amazon payment arrives, the VAT amount to be paid will be debited and sent to the relevant VAT authority and the remainder of your Amazon disbursement will be transferred to your Indian bank account. As usual, you will receive a VAT payment confirmation from Payoneer within 24 hours once the payment has been made.

Have any questions? Our Customer Care team is here to assist.

Limited Time Offer from Parshotam & Associates

Take advantage of Parshotam & Associates’ special, limited time offer of one free filing! This means that if you’re filing VAT every quarter for a year, you’ll only be charged for three quarters. Do you file VAT every month? You’ll then be only charged for 11 months. Additionally, you’ll receive a flat 10% discount on all other services! To get started, simply click below:

Get Started

The content provided in this article including any information relating to pricing, fees, and other charges is accurate and valid only as of the date it was published. In addition, changes in applicable regulations, policies, market conditions, or other relevant factors may impact the accuracy of the mentioned pricing and fees and other associated details. Accordingly, it is further clarified that any information regarding pricing, fees and other charges is subject to changes, and it is your responsibility to ensure you are viewing the most up to date content applicable to you. Payoneer will provide the most up to date and accurate information relating to pricing and fees as part of the account registration process. Registered customers can view this information via their online account.

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