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Shopify Surpasses Q2 Expectations With Robust Earnings And Bold Q3 Outlook

by THEFUTURE.TEAM
August 11, 2025

Shopify delivered a powerful performance in its second-quarter report, outpacing market forecasts and setting a compelling course for the coming quarter.

Exceptional Financial Results

The Canadian e-commerce giant reported adjusted earnings per share of 35 cents, notably exceeding analysts’ estimates of 29 cents. Revenue climbed to $2.68 billion—a 31% year-over-year increase that surpassed the previous year’s 20% growth rate. Gross merchandise sales also impressed, reaching $87.8 billion and surpassing Wall Street expectations.

Resilient Performance Amid Trade Uncertainties

Despite the prevailing uncertainty from tariffs and trade tensions, Shopify has shown steadfast resilience. The company’s third-quarter guidance forecasts revenue growth in the mid-to-high twenties percentage range, well above the 21.7% growth anticipated by analysts. Executives noted that the potential adverse effects of tariffs did not materialize, further reinforcing the company’s strong market position.

Investing In Innovation And Platform Expansion

Shopify continues to invest heavily in artificial intelligence and digital innovation. The launch of its AI store builder—designed to generate webstores from a few simple keywords—is a testament to its commitment to enhancing merchant capabilities. These strategic investments are broadening Shopify’s appeal to a diverse array of businesses and enhancing the overall attractiveness of its platform.

Strategic Outlook And Market Position

With a focus on long-term growth and technological advancement, Shopify is well poised to leverage current market trends. Its robust Q2 performance, coupled with strategic investments and a clear vision for adapting to external economic challenges, underscores the company’s competitive edge in the evolving e-commerce landscape.

EU E-Commerce VAT Systems Generate €257.9 Million Revenue for Cyprus in 2024

by THEFUTURE.TEAM
August 11, 2025

Robust Revenue Growth Through Streamlined VAT Collection

Cyprus has demonstrated a significant fiscal boost in 2024 with €257.9 million generated from the European Union’s e-commerce VAT systems, according to Tax Commissioner Sotiris Markides. This impressive performance underscores the effectiveness of the One Stop Shop (OSS) and Import One Stop Shop (IOSS) frameworks in simplifying cross-border tax compliance.

Simplified Procedures for EU and Non-EU Businesses

The OSS system allows Cyprus-registered businesses to streamline VAT declaration and payment on sales to consumers in other EU countries. Companies simply register on the local OSS platform, apply the consumer’s VAT rate, aggregate their submissions quarterly or monthly, and remit a single consolidated payment. Subsequently, Cyprus allocates the appropriate share to each respective EU country. This efficient process extends to non-EU sellers as well, who can have their intra-EU distance sales managed under the Union Scheme.

Breakdown of VAT Revenue Streams

Last year’s declarations under the various schemes illustrate the system’s broad reach: €217.9 million was collected via the Union Scheme, €36.9 million through the Non-Union Scheme, and €3.1 million via the Import Scheme. While the Union Scheme caters to both EU and non-EU sellers engaging in distance sales, the Non-Union Scheme specifically accommodates non-EU firms delivering services to EU consumers. Furthermore, the Import Scheme targets goods valued at less than €150 that are imported from outside the EU.

Implications and Broader Impact

Implemented in July 2021 as an evolution from the more limited MOSS system, these reforms have not only consolidated tax collection through an expansive OSS but also integrated the IOSS for low-value imports. By designating certain online marketplaces as “deemed suppliers,” the new framework ensures that VAT collection is both efficient and equitable. Across the EU, these mechanisms have generated over €33 billion in VAT revenues in 2024, reflecting a successful effort to simplify tax compliance, reduce administrative burdens, and promote fair taxation across the bloc.

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