- A valid VAT number is essential for global sellers looking to enter the EU market, as it serves as a tax identification number that enables businesses to comply with VAT regulations, issue valid invoices, and avoid legal and customs clearance issues.
- Businesses must obtain a VAT number if they exceed specific sales thresholds in an EU member state, store goods within the EU, or participate in programs like Amazon’s Pan-European program; failure to register can lead to significant operational challenges, including store closures and hefty fines.
- The article outlines the process for obtaining a VAT number, including necessary documentation and steps for application, while also distinguishing between VAT numbers and EORI numbers, emphasizing their different roles in VAT compliance and customs clearance in cross-border trade.
Source VATai
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