As of 1 July 2021, new rules have been put into place regarding VAT liabilities in the European Union. Part
of the new legislations outlines that some marketplaces and merchants (sellers) have to comply with these new rules. These rules according to the EU will simplify life for traders and be more transparent for consumers.
For further information see:
Setup a VAT Wallet
If you are an existing Lemonway partner and would like a dedicated payment wallet to store your merchant's VAT please contact a member of our support team.
- You withhold the appropriate VAT from the merchant's payment by making a P2P transfer to your Lemonway VAT Wallet.
- When required, you can make a Money-out transfer from your VAT Wallet to your company bank account.
Updated 8 months ago