- EU VAT rules and regulations vary across member states
- Businesses face administrative burdens when trading across different EU member states
- Understanding cross-border VAT rules can be challenging
- Businesses must determine VAT rates, register for VAT in destination countries, and comply with local regulations
- Managing VAT compliance across multiple countries is a significant challenge
- Businesses need robust software and processes to stay up to date with VAT rule changes
- VAT refunds can be complex and time-consuming to reclaim
- Businesses need to understand the requirements and documentation for reclaiming VAT
- Businesses must be prepared for VAT audits when trading in different EU member states.
Source: vertexinc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
