- To obtain an intra-Community VAT number, a company must register for VAT in one or more EU countries.
- An intra-Community VAT number is used by tax authorities to recognize traders and carry out their VAT obligations. It may also be required for customs purposes.
- VAT identification is often the best option for undertaking a variety of operations legally in a country other than your own, without excessive red tape.
- A company that carries out taxable transactions in a Member State of the European Union without being established there is considered a taxable person and is liable for VAT in that State.
- This obligation applies equally to a company established in another country of the European Union or to a foreign company established outside of the European Union.
- The intra-Community VAT number is used in various situations such as sales of goods subject to VAT, intra-Community delivery of goods, exports, and purchases of goods subject to VAT.
- VAT regulations vary from country to country on many aspects.
Source Easytax
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