A Value Added Tax (VAT) is a tax on the purchase price of a final product, material or service. Over 150 countries have introduced VAT system, and consequently, the revenue streams have sharply increased by approx. 20% of global tax acquiring. The USA is determined to be the only OECD country that does not practise a national VAT scheme. Hence, when penetrating the European market, a US enterprise may face difficulties with VAT’s implementations, and therefore, it has to consider a various number of issues related to the local VAT system.
When does VAT have to be paid? Which certain business services have to be reclaimed? When is VAT registration required? How to avoid paying taxes in the Netherland? Why is the VAT system of the Netherlands considered to be the most beneficial in Europe? All the stated questions are answered in our new whitepaper that takes a fresh look at a VAT tax system in Europe and is based on our company’s experience.
Over the last 16 years, EuroDev has gained rich experience and wide knowledge in tax activities including Value Added Tax systems. Hence, we are pleased to offer our competent service to help with VAT processes.
If you want to develop you company on the European market, EuroDev is a qualified partner who can assist you in achieving more success. Contact Edward Nijland today to learn more!