How to set up EU taxes in your Shopify store in 2024

If you have a Shopify store in the European Union, you should understand when to charge VAT and which rate applies to which customer. Moreover, knowing when and how to register for VAT is equally important. In this video, you will learn how taxes work for stores based in the EU and how to set them up in Shopify correctly. Read more in our VAT guide for Shopify stores in the EU: https://go.sufio.com/vat-eu-shopify Learn about Shopify’s VAT exemptions for businesses in the EU: https://go.sufio.com/vat-exempt-eu Sufio supports thousands of Shopify merchants with powerful, automated invoicing. It doesn’t matter whether you’re about to launch your first ever store or you’ve already made it as a household name; Sufio’s customer success team will help you configure both your invoices and taxes with compliance in mind. Start your 14-day free trial today to experience the peace of mind automated invoicing provides: https://apps.shopify.com/sufio ⚠️ While we’re happy to make educational videos about setting up Shopify taxes, we encourage you to speak to a local tax authority regarding your tax duties. –––––––––––––––––––––––––––––––––––––––––––– Here's what we'll cover in this video: 0:00 — Introduction 0:38 — When to charge VAT 2:20 — Charging VAT when selling B2C 3:27 — Micro-business exemption 4:13 — One-Stop Shop Union scheme (OSS) 5:22 — Charging VAT when selling B2B 6:13 — Setting up product prices 7:07 — Product prices when selling B2B 7:20 — Product prices when selling B2C 7:35 — Product prices when selling B2B and B2C 8:17 — Setting up EU taxes in Shopify 11:01 — Invoices for your Shopify store