With the introduction of the new EU VAT rules, there are a lot of membership sites that need to update their systems to be fully compliant with the new regulations, especially for sites that are based in the EU. Taxamo.com is a service that helps make your site compliant by handling tax calculations and report generation. This free add-on plugin for Restrict Content Pro will connect Restrict Content Pro to Taxamo.
Once activated, you will have a new section in your settings page under the Restrict menu where you can enter your Taxamo API credentials:
What exactly does this extension do once enabled? A few things:
- Updates prices automatically during registration to show taxes if they choose a country that VAT applies to.
- Stores a unique Taxamo transaction for each subscription that includes all required VAT information.
- Recurring future payments will be added to that same transaction.
- Sends all transaction data to Taxamo for reports
Thanks to Daniel Iser for his excellent work on this plugin.
Thanks for the heads up on this plugin! Also, thanks to Daniel for his work.
I have heard mixed opinions on whether or not it’s important for US based eCommerce shops (particularly smaller ones) to comply with these new regulations. Being so heavily involved with eCommerce, I would love to hear your opinions on that subject? Have you guys received many emails from your customers asking whether they should comply? What are you telling them? Thanks!
I have mixed feelings on it.
One side of me says “yes, you should comply”, simply because there is the possibility of the rules getting enforced on non-European companies.
The other side says “no don’t comply, there’s no way it could ever be realistically enforced and the requirements are obscene”.
I have personally decided not to comply, at least at this point in time.
Thanks for the reply! We landed on the same conclusion. Fingers crossed that it doesn’t come back to bite us someday.
I agree. I would love to see how they would try to enforce it here in the states.
I will say that taxamo makes it quite a bit easier if you do decide to.
The thing is, the new tax law in EU is not so much different than the Internet Commerce bills that recently failed by small margins.
If we are not careful we will have similar laws here soon.
How can it be made sure that there is an age verification system included?