- Intra-Community B2B sales of goods between EU Member States can be zero-rated (no VAT charged) if specific conditions are met.
- Conditions include both parties being VAT registered in different EU countries, valid VAT numbers on invoices, goods transported between Member States, proper reporting in the VIES system, and retention of transport documents.
- Failure to meet any condition requires the supplier to charge VAT.
- Sellers must keep thorough records and transport documents to prove goods movement; failure to provide these in an audit can result in VAT being owed and possible penalties.
Source: meridianglobalservices.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.
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