As an online retailer, it is critical that you understand the VAT obligations and liabilities of selling to customers in the EU and beyond.
If your business requires a VAT or GST registration anywhere in the world, VAT Global offers a complete service.
VATGlobal's centralised solution is led by a team of compliance specialists who will manage all periodic statutory declarations on your behalf.
Our experienced team of VAT consultants provides the expertise your business needs to deal with international VAT issues.
Why would my company need to register for VAT and what are the important considerations?
Once registered, you will need to be aware of the various returns that need to be filed and how all transactions should be declared.
Detailed explanations of various VAT issues, including VAT treatment, structuring and special schemes.
There are certain industries and regions that will have special VAT rules or requirements.
VAT-registered businesses must issue VAT invoices compliant with the local VAT rules. The criteria differ per country, but there are certain elements which are required on all VAT invoices
If you’re registered, you have to charge VAT when you make taxable supplies. What qualifies and the VAT rate you charge depends on the type of goods or services you provide.
When goods are imported into a country with VAT, import tax is charged as a percentage of the value of the imported goods. The VAT is usually recoverable, but there could also be tax obligations.
Where 3 parties are involved in successive transactions, but only one movement of goods take place, a simplification may be available to avoid certain registration obligations.
Chain transactions occur where numerous parties are involved in a number of supplies. The VAT treatment can be complex and should be verified to ensure compliance.
Where businesses keep stock locally to meet customer needs quickly, this may be classed as call-off or consignment stock. The VAT treatment of these differ and simplifications may be available.
Businesses supplying installed goods must consider the VAT treatment of their supplies, together with any simplifications or VAT registration obligations that may arise.
Importers must consider the practical issues relating to customs clearance. Many countries require that you appoint a local agent to act as importer of record - this is independent of VAT compliance
When goods are imported into the EU, VAT must be paid by the importer. Netherlands has a deferment regime that allows importers to defer the VAT, which can have a massive positive cash flow impact
If you sell goods online via Amazon, you will need to download relevant sales reports from Seller Central in order to file VAT returns. VATGlobal can automated this process using an API