VAT registration in European Union
The Value Added Tax, or VAT, in the European Union is a general tax assessed on the value added to goods and services. It applies to all goods and services that are bought and sold in the European Community. If your company plans operating in Europe, you should be aware that value-added tax, or VAT, is an inescapable part of doing business there.
If you plan trading within the European Union and wish to export goods or services without VAT to other EU countries you will need an EU VAT registration number. Please see some examples of trading transactions.
If you are a VAT registered seller and you sell to a VAT registered buyer within the EU you will not need to charge VAT as long as the buyer's European Union VAT registration number is quoted on the sales invoice.
As a VAT-registered business selling to a buyer outside the European Union, you can zero-rate the supply providing you obtaine the proof that the goods have been permanently exported outside the European Union. The basic rule is that if two EU companies are registered for VAT then neither has to pay or reclaim VAT in their mutual supplies and purchases. However Import VAT is payable on the goods you are buying if you are importing goods from outside the European Union.
We provide EU VAT registration for the companies we incorporate in Cyprus. Cyprus corporate tax rate is only 10% on its worldwide income, which is one of the lowest in EU. If you need a business vehicle for trading activities in the European Union, please ask for more details of incorporation in Cyprus. We charge a very reasonable fee both for incorporation of a limited company in Cyprus and registering it for EU VAT.
- Here you can check validity of EU VAT number - online EU VAT checkers:
in Spanish
in Italian - EU members VAT can be searched
Please request additional information sending a message to our fax numbers in:
UK: +44 870 421 1387
USA: +1 626 609 3984 or E-mail:
info@privacy-solutions.com
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