- Three-party trade involves simplified taxation procedures for transactions between three parties in different EU member states
- Conditions for three-party trade include physical transportation of goods from one member state to another
- Three-party trade involves three identified parties and the delivery of the same goods from one party to another in different member states
- Simplified procedures benefit the middle party by exempting them from certain tax obligations in the destination member state
- The first supplier, middle party, and second buyer are identified as taxable persons in the three-party trade
- The middle party is exempt from registering for VAT in the destination member state and paying VAT on acquisition and delivery of goods in that state
- Acquisition of goods by the middle party in the destination member state is taxable in that state, as well as the sale of goods
Source: financnasprava.sk
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.
