Pay VAT Directly from Your Indian Payoneer Account

If you are a cross-border seller with business in the EU and UK, youโ€™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.

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Payoneer Team

If you are a cross-border seller with business in the EU and UK, youโ€™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.ย  ย ย 

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.
  • 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.

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