The Byte Channel & Arxanum ink deal for EU VAT services in ANZ

The Byte Channel has announced a new strategic partnership with Arxanum, a German company specialising in EU VAT compliance services. According to the details released, The Byte Channel will now act as an agent to supply Arxanum's VAT Assurance Services Technology (VAST) offerings to businesses in Australia, New Zealand, and the broader Australasian region.

Under this agreement, The Byte Channel will provide a suite of VAT compliance services tailored to meet the needs of businesses looking to expand their operations into the European Union. These services include the Import One-Stop Shop (IOSS), which simplifies VAT reporting for distance sales of goods imported into the EU worth less than €150, and the One-Stop Shop (OSS), which allows businesses to report and pay VAT on all distance sales of goods and services to EU consumers through a single return. Additionally, the partnership will offer fiscal representation services, whereby a local fiscal representative handles VAT registrations, filings, and interactions with EU tax authorities on behalf of non-EU businesses.

"As more Australasian companies look to expand their e-commerce operations into Europe, navigating the complex web of VAT rules has become a major hurdle," said Stephen Schwalger, CEO of The Byte Channel. "Through our partnership with Arxanum, we can now offer best-in-class VAT compliance solutions to simplify selling into the EU market."

The partnership has been touted as particularly beneficial for mid-to-large companies in the Australasian market. The advantages of utilising Arxanum's VAST services include a reduced risk of VAT non-compliance and penalties across 27 EU member states, centralised reporting and payment through a single return which eliminates the need for multiple VAT registrations, and expert guidance from Arxanum's team of VAT specialists to ensure full compliance with all EU VAT regulations. Moreover, these services are expected to streamline cross-border logistics, reduce administrative burdens, and improve cash-flow management without requiring bank guarantees.

Luigi Pezzuto, CEO of Arxanum, expressed his enthusiasm for the partnership, stating, "We are thrilled to partner with The Byte Channel and bring our VAT compliance expertise to businesses across Australia, New Zealand, and the broader region. As e-commerce continues to grow globally, having a trusted partner to ensure VAT compliance is essential for success."

The partnership between The Byte Channel and Arxanum is effective immediately, and interested parties can contact either company for more information regarding the VAST services being offered under this new arrangement.