Deemed Suppliers

Deemed suppliers is a new term introduced to the European law by changes from 1 July 2021. According to them, electronic interfaces (such as Amazon and eBay) may be considered 'deemed suppliers' under certain conditions: if retailers sell via this platform non-union products with a cost below €150, wherever the company was established, and union products if a company was incorporated outside the EU. Being 'deemed suppliers' means that these electronic interfaces will be responsible for accounting for VAT, reporting, and paying it to the tax authorities by themselves for a seller or a customer.