- VIES is a search tool created by the European Commission for VAT validation in the EU.
- It allows users to validate the VAT identification number of a business registered in the EU.
- VIES checks the number against the national VAT databases of EU member states.
- It confirms the authenticity of the VAT number and provides information about the company.
- VIES ensures businesses can engage in cross-border transactions with valid VAT numbers.
- It simplifies VAT compliance by ensuring authenticity, facilitating cross-border transactions, and promoting transparency.
- However, VIES has drawbacks such as availability issues, limited data, data update delays, potential for misuse, and language barriers.
- Fonoa offers a platform called Fonoa Lookup to help companies meet tax compliance obligations globally.
Source: fonoa.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "European Union"
- General Court T-689/24 (Dyrektor Krajowej Informacji Skarbowej) – Judgment – VAT deductible for the right period if you get the invoice before filing
- General Court T-643/24 (Credidam) – Judgment – Unlicensed use of protected works is fully taxable with VAT on all remuneration
- ECON Urges Reform of EU Financial Services VAT Exemption and Clarification of Emerging Services
- AG Kokott Clarifies VAT Impact of Transfer Pricing Adjustments in Stellantis Portugal Case
- VAT on Asset Transfers Between Spouses’ Separate Businesses: Recent Legal Developments and Tax Implications
