VAT registration

VAT or Value Added Tax is a foreign analogue of the value added tax we are used to. This type of tax can be seen in almost every EU country, although it has a variety of names. If you shop in the EU or decide to open a company in any of the European countries, then you will definitely encounter VAT.

Registration of an international analogue of VAT

VAT number in Europe: Germany, Estonia, Cyprus, Bulgaria, Poland, Switzerland< /a>.

VAT Registration is a mandatory procedure for all firms whose plans include doing business in a European country. This type of tax must be paid when the company receives a turnover. Please note that VAT is paid only by those firms that sell their services or goods in European countries. Registration of a VAT number is necessary for those who receive an annual turnover above the amount indicated in the legislation. At the same time, the VAT rate can fluctuate significantly in different states.

What is VAT Registration for?

If a company wishes to register in a foreign country and officially conduct business there, then the VAT number is a very important attribute. In addition, Value Added Tax is required when a company plans to obtain the right to deduct value added tax. This is the so-called "zero rate"; while importing or exporting goods.

Many taxpayers do not distinguish between TRF and VAT numbers. It should be understood that any company registered in the country automatically receives the first code in order to be able to pay corporate tax.

In the event that a resident company receives any goods from a foreign company (which is registered in the EU), and then redirects them for export to another country of the European Union, then the VAT number will help your partner make a tax deduction at the end of the year .

Crystal Tax is ready to offer you its professional assistance in issuing a VAT number. Remember that issuance occurs only with the permission of the local tax office.

Information required to obtain VAT

VAT registration can only be done by our company if you provide the following information:

1. Company name.
2. A list of the types of activities that you are going to engage in (according to KVED).
3. Approximate amount of your planned annual turnover.
4. List of those countries with which you will cooperate.
5. Important information about partner companies.

Why should you contact Crystal Tax for help? We have been working in this direction for several years, so we know perfectly well what needs to be done to make our customers satisfied. VAT registration with us will be quick and hassle-free. Our employees are ready to offer you their professional assistance at an affordable price. Contact now!