FAQ
MITS VAT Changeover for the 2020 COVID19 Economic Stimulus Package
In this FAQ category, you will find frequently asked questions and answers about MITS VAT Changeover for the 2020 COVID19 Economic Stimulus Package. Topics include typical functions, requirements, setup, compatibility and practical uses in modified eCommerce Shopsoftware.
Frequently Asked Questions and Answers:
The planned VAT reduction as part of the 2020 economic stimulus package presents a challenge for many online retailers. Our MITS VAT Changeover system module makes it easy to make your modified eCommerce shop GDPR compliant. This module was specifically developed to make the upcoming switch to the new tax rates from 01.07.2020 as simple as possible. Simply install the module, configure the desired settings and wait for the effective date. Run the module when the change is due, and your shop will automatically adjust the tax rates and, optionally, gross prices to the new VAT rates.
MITS VAT Changeover for the 2020 COVID19 Economic Stimulus Package is assigned to the Legal category, among others. This makes the extension particularly suitable for legally compliant workflows, transparent communication and properly documented processes in everyday shop operations. Its focus is on Legal matters.
According to the listed properties, the product is intended for modified eCommerce Shopsoftware versions 1.03 to 2.0.7.2. It is currently listed as a standard module offering. According to the properties, no core changes are required; template changes are not required.