COGS are the raw purchase cost of goods from your supplier, or the production cost if you self-manufacture. This net cost excludes any packaging, shipping or marketplace fees.
AVASK keeps your COGS data private and use it only for VAT returns and statistical reporting.
Cost of Goods are required to declare the net value of any goods moving between European countries or Fulfilment Centres. You may know these as acquisitions and dispatches or if you sell exclusively via Amazon, 'FC Transfers'. This data helps track goods' origins and account for any applicable VAT on the acquisition(s).
If you do not provide your Cost of Goods your account could be selected for an audit by any Tax Authorities.
A template to provide your Costs can be located in the COGS screen on the Portal.