VAT Basics

2. Goods sent from your home country to a warehouse or client’s storage facility in another EU country
5. A sequence of numbers made up of six, eight or ten digits which are used within the EU countries or outside the territory for maintaining details of goods sold/purchased
7. VAT on purchases
8. No VAT to reclaim
10. A declaration indicating the Sales (dispatches) and purchases (arrivals) of goods across EU borders
12. Point The point in time when VAT becomes due
13. Customer has the obligation to account for VAT on the supply

1. B2B sales through internet or through catalogues
2. The place of supply for gas, electricity and similar power supplies in where the ……..is located
3. A local entity that represents foreign traders for VAT purposes, usually in countries where the traders must VAT register but cannot do so themselves.
4. the official department that administers and collects the duties levied by a government on imported goods.
6. A document that contains details of Goods/service, buyer, seller details, price, discount, tax rate and other details
9. Doesn't have to pay any VAT, but you still have the right to deduct the VAT you paid on purchases directly related to the sale
11. An establishment other than the business establishment, which has the human and technical resources necessary for providing or receiving services permanently present.