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How long does it take to obtain a VAT number?

After the application has been submitted, it usually takes between 2 and 8 weeks to obtain a VAT number. However, several factors can considerably delay the issuing of a VAT number: an incomplete or incorrect application for registration submitted by the company, a cumbersome and tedious registration procedure in the country (e.g. Spain), a bottleneck in the tax services themselves (e.g. Germany and France), etc.

Are there any financial penalties if I do not submit my application on time?

It is compulsory for your company to apply for VAT registration before starting its activities. Financial penalties are applied if the application is submitted late or is incomplete.