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Obtaining a VAT number in Europe
VAT number is the tax identifier of a company, a private entrepreneur who sells goods in a territory where value added tax is applied. Obtaining a VAT number is most often necessary for regular trading activities in the EU. This procedure is mandatory only for those persons who exceed the threshold amounts of annual turnover (total sales) established by the national legislation of each country. If the annual turnover is less than the established threshold, the company can register as a VAT payer and receive VAT numbers on a voluntary basis.
The most important criterion for obtaining a VAT number is doing business in the EU, while the country of registration of a legal entity is not taken into account.
- VAT number is not assigned if trading operations were carried out on a one-time basis.
- Registration as a VAT payer obliges the company to submit monthly/quarterly VAT reports.
- VAT is assigned in the country in which the sale of goods is planned.
- VAT number is indicated on all tax reports and declarations.
- VAT number allows you to get the right to a deduction and reduced rates.
- All assigned VAT numbers in Europe are entered into the public VIES database.
- Each EU country has different VAT rates and turnover thresholds for mandatory registration of a value added tax payer.
An important point is that VAT rules apply to companies registered in Europe, as well as to a business that is involved in the sale of goods or services in the EU, even if it is registered outside it (including when selling goods or services remotely) .
- statement;
- company registration data;
- description of the business;
- turnover confirmed by a bank statement;
- geography of trade;
- data of partners and contractors;
- trade agreements, invoices in the country where the VAT number was received;
- constituent documents of the company;
- identifying data of the director;
- confirmation of the registration address.
Our lawyers help you register as a VAT payer in Europe, obtain a VAT number, and maintain monthly or quarterly VAT reporting documentation. Each jurisdiction sets its own procedure and terms for obtaining a VAT number, so for more detailed information, please contact us with an individual request.