The EU-VAT (European Union value added tax) is a tax on goods and services within the European Union (EU). The EU’s institutions do not collect the EU-VAT, but EU member states are each required to adopt a value-added tax that complies with the EU-VAT code.
Different rates of VAT apply in different EU member states, ranging from 17% in Luxembourg to 27% in Hungary. The total VAT collected by member states is used as part of the calculation to determine what each state contributes to the “EU’s budget”.
International Taxation & EU-VAT
First Advisor (CCSA) is a professional team of Experts, specialized in International Taxation and focussed in Tax Consulting & Advisory with international experience.
Hence we will bring you the valuable high-end expert advice you may expect. We take care of the whole process, from Accessing your personal circumstances, Tax Consulting and Advisory to suit fit your needs and implementation of better suitable structures.
A key part of our work is handling complicated EU-VAT issues – vast knowledge you can rely on.
We offer an initial Consultation free of charge via Skype.
Nowadays it is important to have ever increasing OECD Standards in mind to avoid possible Tax and Criminal Allegations through non-compliant and validated Corporate Structures. Speak to us to find out your Alternatives.
VAT Information Exchange System (VIES)
This Register enables Tax Payers to check the validity of EU-VAT numbers. Only if a Business is registered in the VIES Data-Files, intra-community trades are taxed in a reverse-charge.
Taxation And Information Communication (TIC)
– National invoicing rules
– VAT rates applied by EU countries
– National VAT refund codes and features
VAT And Collecting – MOSS Data Base
National rules applied in the Member States for the use of the mini one-stop shop (MOSS).
EU-VAT & Reverse Charge
The Reverse Charge System is a vital part of the EU-VAT system, and means that in certain situations the liability of VAT payments is transferred from the supplier or person offering services to the taxpayer receiving the sale or service, i.e. VAT is declared by the customer rather than the supplier.
However, it is not as easy at it seems and there are some rules a taxpayer need to comply with.