VAT is a daily challenge for businesses
Companies face a multitude of complex tax legislation matters, on a daily basis, as a result of their international activities. Indeed, VAT rules consist of different layers: European Directives and regulations, local VAT law, national and European case-law, administrative guidelines and notices, parliamentary questions, local practices, etc.
An efficient VAT management leads to substantial financial benefits. On the contrary, a misunderstanding of the rules can turn out to be financially detrimental. The pitfalls in this area are pretty abundant and fines (e.g. double taxation, administrative penalties, late payment interests) prove to be high, even if the taxpayer acts bona fide.
When do you need to VAT register abroad ?
Foreign companies which carry out specific commercial activities abroad, may be required to submit VAT returns and consequently have to register for VAT purposes in the relevant countries. These companies should make sure that the domestic tax regulations are respected.
There are various situations where a VAT registration is required:
- Import/export with non-EU countries
- Organizing an Event
- Intra-EU trade
- Construction work
Etc.
Our Global Solution
Our Global Solution is based on our professional experience and as such enables us to offer an Integrated VAT Assistance Contract. As a result, you can fully rely upon us for all VAT related matters and focus primarily on your business. You can benefit from:
- A Single Point of Contact: we will be your sole contact person, no need to deal with numerous providers for each country, no need to deal with numerous Tax Authorities in many languages;
- An European Approach: we master the whole process in every E.U. Member State (contrarily to local providers), including EU Law requirements that must be observed by local Tax Authorities;
- A Non-Resident Approach: we know specific regulations directly aimed at non-resident companies and specific local tax offices that deal with non-resident companies;
- A Multi-lingual Team: we are your contact person and we act towards local authorities or local suppliers on your behalf;
- VAT Expertise and know-how at the European level for well-defined issues or situations such as VAT audit, regularization process, etc..
How can we help you?
Our assistance includes compliance services but always accompanied by VAT expertise and our know-how across the various domestic regulations which is a must inter alia in the following circumstances:
-
- Local Authorities request of information or VAT audit;
- Change in your business (new or adapted flow of transactions, new or modified logistic routes, new business, closing of business, etc.);
- Preventing risk exposures and avoiding penalties and/or late payment interests;
- Dealing with voluntary disclosures in case of mistakes or omissions;
- Contacting your providers/customers regarding erroneous invoicing;
- Change of local regulations;
- Etc.
Our assitance
Our assistance included:
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- Administrative assistance in applying for a VAT registration number in any of the 27 Member States;
- A practical road map detailing local VAT treatment and local obligations of your business;
- Preparing and filing VAT returns;
- Preparing and filing EC Sales Listings;
- Preparing and filing Annual Listings;
- Preparing and filing "Intrastat" declarations;
- Invoices compliance checking;
- Update of any relevant VAT information including possible optimized schemes.
Contact us
Any VAT question ?
We offer you the opportunity to discuss the subject during a free videoconference.