How Finify works.

From sale to VAT return, so you can grow across borders without worrying. Here is exactly what Finify does, and what it doesn't.

Calculating VAT

You add a file with your sales to Finify, from Amazon, bol, Shopify, eBay, Kaufland, Magento®, ChannelEngine or another platform. Finify then calculates every sale: the VAT rate and scheme that apply, and the country where you file. Including the situations where it gets complicated:

Distance sales

Do you sell to consumers in another EU country? Finify uses that country’s VAT rate and knows whether you can file through the OSS.

For example: you ship an €80 order to a customer in Berlin. Finify applies 19% German VAT and prepares the sale for your OSS return.

Stock in another country

Is your stock in a warehouse in another EU country, for example with a marketplace? Finify takes the consequences into account.

For example: your stock is at Amazon in Germany and ships from there to a customer in France. Finify applies 20% French VAT and shows that you need a VAT registration in Germany.

Imports from outside the EU

Do you buy outside the EU, for example in China or the UK? Finify calculates the import VAT for you.

For example: you buy from China and sell to consumers in the EU for €60 each. Finify shows that IOSS applies, and calculates the VAT per country.

Areas outside EU VAT

Do you sell to customers in, for example, the Canary Islands? Finify knows which rules apply there.

For example: a customer in Tenerife orders from you. Finify knows the Canary Islands are outside EU VAT and charges no Spanish VAT.

Your data stays in the EU, encrypted. Read how we protect it.

Overview per country

You see per country and per period how much VAT you owe, and which sales are behind it. So you always know where you stand, and have everything ready for your return or your accountant.

Per country: the VAT amount, the number of sales and the scheme that applies
Per sale: the rate, the country of filing and the calculation behind it
As an export: CSV or Excel, for your accountant or your own software

Registration and returns

Do you need to register in another EU country, or would you rather hand over your returns? We do that together with our partner, in three steps.

We review your situation together
We work out in which countries you need to register, based on your sales and your stock.
Our partner handles the registration
Our partner applies for the registration. We keep you updated.
Your VAT returns are filed
Based on the calculation in Finify.

Throughout, you have one dedicated contact at Finify. Call, chat or email, and you’ll hear back within one business day.

Key terms

Distance sale: A sale to a consumer in another EU country, where you ship the product to that country.
Country of filing: The country where you declare and pay the VAT on a sale.
OSS (One Stop Shop): One return in your own country for all your distance sales in the EU, instead of a return per country.
IOSS (Import One Stop Shop): The same scheme, for goods from outside the EU worth up to €150.
VAT registration: A VAT number in another EU country. Needed when, for example, you keep stock there.
The €10,000 threshold: Do you sell more than €10,000 a year to consumers in other EU countries? Then the VAT rate of your customer’s country applies.

Frequently asked questions

Does Finify connect to my platform?

Not yet. You add a file with your sales to Finify; we help you the first time. Direct connections are on our roadmap.

Which countries does Finify cover?

All EU countries, plus the areas that fall outside EU VAT.

What if my platform isn’t listed?

Let us know. Almost every platform can export a file with sales, and Finify can calculate with that.

What does Finify cost?

See the Pricing page. You always start with a 30-minute demo.