- Companies conducting taxable transactions in EU Member States must file periodic VAT returns and obtain a VAT number in the respective country, with the obligation applying to both established and non-established businesses, including their fiscal representatives.
- The reporting requirements for VAT returns vary significantly by country, including the types of transactions to report (such as output and input VAT), filing frequency (monthly, quarterly, or annually), and additional reporting obligations, which can complicate compliance.
- Due to the complexity of VAT procedures across different jurisdictions, companies often benefit from appointing a fiscal representative or tax advisor, especially for non-EU businesses, to navigate the intricacies of filing and compliance effectively.
Source Easytax
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