ClearVAT, Mehrwertsteuersystem in der EU, EU VAT system
Since 1 October ClearVAT has been operating under a new name: eClear AG. "Our solutions no longer focus only on value added tax or VAT. We are currently working intensively on the expansion of our product range in order to make dutiable trade from third countries into the EU legally secure and more efficient in processing", says CEO Roman Maria Koidl, explaining the change of name.
For this reason, "ClearVAT" will henceforth be the solution name for the company's VAT products, while the company name "eClear" will create the necessary scope for the development of further clearing products, especially in the areas of customs (ClearCustoms) and payment (ClearPAY).
The new name was presented for the first time on the stage of plentymarkets' online merchant congress on October 1 by Roman Maria Koidl together with Peer Steinbrück, Chairman of the Supervisory Board. Roman Koidl sees the company as a "European start-up". Because unlike usual, no German concept is exported to other EU countries. - eClear is available throughout the EU from the very beginning. Founded in 2016 as ClearVAT AG, the company went online with its test phase in 2019. In its "Series A Funding Round", the start-up raised 15.0 million euros in venture capital. The valuation of the currently running "Series B" is EUR 300 million. A strategic partnership with plentysystems AG marked the official market entry in March 2020.
eClear has offices in Berlin, Constance, Cologne and Munich. The team currently comprises around 60 employees and is expected to grow to 180 employees by the end of 2021.
21.01.2021Cross-border e-commerce: good opportunities in foreign markets
Solid growth opportunities, increasingly uniform regulations within the European Union and uncomplicated logistics: it is worthwhile for German online retailers to conquer European foreign markets. However, there are decisive factors for success; above all, the VAT regulations must be closely examined and a legally compliant solution found.
04.01.2021VAT cut ended in Germany / eClear keeps shop systems up to date
From July to December 2020, the German government had reduced VAT to 16% and 5% respectively. On January 1, 2021, Germany reverted to the previously applicable rates of 19% and 7%. eClear keeps merchant's shop systems in the EU 27 up to date with its automation solutions for tax compliance.
This year, EU states will miss out on 164 billion euros in VAT revenue. The VAT regulations for merchants selling goods to other EU countries are notoriously complicated. Many companies unintentionally misapply VAT. The EU has been working for years to simplify VAT. eClear already offers companies legally compliant solutions.
11.11.2020Personnel reinforcement in November and renewed SAP® Certification for Value Added Tax solution
eClear AG is expanding its management team with Brigitte Holzer as CFO/COO and Andreas Weidner as Vice President Customs Compliance. In addition, the Value Added Tax (VAT) solution ClearVAT Services 1.2 again received SAP-certification as built on SAP Cloud Platform.
01.10.2020Peer Steinbrück launches EU VAT Engine
"This is something European politicians have been trying to do for more than ten years without success," commented Peer Steinbrück on the stage of the online retailer congress "Plentymarkets" in Kassel before he symbolically put the result of several years of development work into operation together with host Jan Griesel and eClear founder Roman Maria Koidl.