International VAT for dummies
You can’t do business across the European Union and much of the world without dealing with VAT. It’s a legal requirement in the majority of places your organisation wants to be. And like pretty much every tax, it can be a pain to deal with.
The fact is, business systems typically don’t manage the idiosyncrasies of international VAT very well. That leaves businesses to follow very labour‐intensive manual processes. Complicating things further, the mandates in the EU and in individual countries change frequently, and you’ve no choice but to keep up with that evolving picture.
You’re going to be dealing with a VAT burden, whether you’re selling goods or services, shipping things overseas to customers or warehouses, transacting business over the Internet, whatever it is you do. The good news is, your VAT pains can be eased.
International VAT for dummies, Avalara Special Edition is your introduction to the vast and complicated world of international VAT. The beauty of these guides is that they take topics that are inherently overwhelming to most of us and condense them down into something digestible. Who doesn’t love that?
The guide certainly doesn’t have all the answers – that would take many, many more pages than available here. What’s more, laws and regulations are always on the move. In any case, by the time you finish Chapter 6, you’ll realise that you don’t need to know absolutely everything – you just need to connect with someone, or some automated solution, that does.
With that in mind, this book walks you through the definition of international VAT and spells out how the concept works. It discusses how VAT is regulated and by whom. It outlines the various types of taxable transactions, discusses how you go about registering for VAT, and shares how you generate and file the required VAT returns. It offers some of the considerations you need to ponder to figure out just how VAT applies to a particular transaction. And most important, it gives you suggestions on where to turn for help.
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