Governments all over Europe are digitizing the collection of VAT in efforts to close the VAT fraud gaps, collect more revenue, and increase visibility into all transactions. Tax digitization instruments (such as Standard Audit File for Tax), and CTCs (Continuous Transaction Controls) have been grad...
Value Added Tax (VAT) in Europe is regularly subject to intensive debate. It is often argued that the current VAT system should be made more uniform to enhance economic efficiency and to protect the functioning of the internal market. But it is also regularly argued that extending reduced VAT...
The European Union is currently undergoing significant transformations in its value-added tax (VAT) system as a result of rapid digitalisation and the integration of blockchain technology into everyday life. This article provides an overview of the emerging VAT framework in Europe in an international...
But wait, what about those pesky questions like “should I charge VAT to EU customers?” or “do I pay VAT if buying from Europe?”. We hear these all the time from customers who struggle with VAT rates across different EU countries. Standard rates, reduced dates, special rates. What’s...
Staying up to date with current and upcoming changes to VAT regulations in Europe and beyond is paramount to stay legally compliant and keep your online business operating long term.
According to the Tax Foundation, Ireland had the ninth-highest rate of VAT across Europe in January 2024. The EU has an average “standard” rate of 21.6 per cent – significantly more than the minimum VAT rate that could be applied. ...
International companies from many different business sectors are expanding to Germany, confirming the country’s attractiveness and position as a top destination for foreign direct investment in Europe. 2022 is a record year for foreign business expansion in Germany, a trend that has maintained itself...
Refund of foreign. VAT Compliance services in Europe. VAT registrations and VAT returns in Europe. VAT consulting service around the world.
In Europe, cross-border shipments of goods are part of normal everyday business. There is lively trade, for example, between the neighbouring countries of Germany and France. For merchants, the handling of VAT plays a major role. What should be considered?
Learn more about registering for VAT in Europe here. How to file and remit VAT Submitting a VAT return is the final step to compliance. If you have not collected VAT from customers in a period and have no VAT to pay, you may still need to file your return by the due date. Unlike ...