- EU VAT rates vary by country, ranging from 17% to 27%
- VAT rate for a transaction depends on the customer’s location, not the business’s
- Businesses are not required to apply country-specific rates for the first €10,000 of revenue from EU cross-border transactions
- Different eCommerce platforms offer varying technical capabilities for pricing
- B2B transactions within the EU are exempt from VAT, requiring a 0% rate
- Validating VAT numbers supplied by business customers is essential, ideally using the EU VAT Information Exchange System (VIES)
Source: simplevat.eu
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.
