Top 10 Most Popular FAQ`s
We are specialists in both VAT / Sales Tax and technologies and we apply our full range of talent to creating the perfect solution for your needs.
What is sales tax nexus?
Sales tax nexus is the connection between a seller and a state that requires the seller to register then collect and remit sales tax in the state. Certain business activities, including having a physical presence or reaching a certain sales threshold, may establish nexus with the state.
What triggers nexus?
So, what exactly triggers nexus? Unfortunately, thereâs no one thing. Nexus has long been linked to physical presence, but even physical presence can be hard to measure. Due to the explosion of ecommerce sales and the Wayfair decision, physical presence is no longer the de facto standard for establishing nexus.
Could you help me finding out whether I have a nexus is a US state?
Yes, of course, get in touch and participate in the free economic sales tax nexus assessment.
What should I do if I find out that I probably have to pay sales tax in a US State?
- Registering in the states where youâve hit thresholds; (with us)
- Automate your sales tax rate calculations (with us)
- File your sales and use tax returns (with us).
What is a âresale certificateâ in sales tax?
A resale certificate is a signed document that indicates that the purchaser intends to resell the goods. In this case no sales tax payment arises. But! You need to have an exemption certificate management software for businesses, customers, and vendors. Easily maintain and access exemption certificate records. This is our CertCapture Tool. Get to know better with us.
When do companies have to register for an EU VAT number?
Take our free VAT Risk Assessment. Â As part of efforts to harmonise the European VAT system and support the drive towards an EU single market for goods and services, the requirements to register for a VAT number should be the same in each country. Register you Company for VAT with us. Typical instances where a foreign trader is required to register for a local VAT number include:
- If a foreign company is buying and selling goods in another country
- If a company is importing goods into an EU country, which can include moving goods across national borders within the EU
- Holding goods in warehouses or on consignment stock in other EU countries for customers
- Holding a live conference, exhibition or training if there is paid entrance
- Selling goods to consumers over the internet or through catalogues (distance selling)
- Supply and install of equipment in a limited number of situations
- A very limited number of situations where services are being provided (following the 2010 VAT Package reforms)
How do companies get a European VAT number?
Once the obligation to VAT register has been established, the process can begin. As a basic, companies must be VAT (EU companies) or tax (non-EU companies) registered. They will then be required to complete and submit a local VAT registration form, along with supporting documentation. The application form will often be in the local language. EU countries have become increasingly reluctant to provide document translations as this can create misunderstandings. Register you Company for VAT with us.
Where should I be VAT registered? How can I prepare the VAT returns?
Check your VAT liability and find out where you may legally be required to be VAT registered with our free VAT Risk Assessment Tool. We will help you to registred to VAT in every EU country.
Donât worry we will help you with the vAT returns in all EU countries as well. Contact us if this sounds interesting.
What is e-invoicing?
E-invoicing is the process of creating and providing an invoice in a digital format. Many countries are requesting to use e-invoices in structured data formats for B2G, B2B and even for B2C business activities. Increasingly, e-invoicing includes live tax reporting to tax authorities.
We are offering a flexible cloud-based platform for electronic invoicing. That securely create and exchange electronic invoices with your business partners. Digitise AP/AR processes to increase efficiency in your finance department. Â Contact us for more information.
What is the IOSS (EU Ecommerce VAT) system?
In 2021 the EU and UK have overhauled their ecommerce VAT regimes to simplify compliance and reduce VAT fraud. Whether you are a seller or marketplace, you need to understand your obligations to avoid extra VAT costs and a bad customer experience.
As part of the EU's VAT reforms, businesses can now sell into all 27 EU member states with just one VAT return. Start taking advantage of the EU's Import One-Stop Shop (IOSS) with a complete, end-to-end solution. Contact us for more information.
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Business Shaped Solutions
We are specialists in both VAT / Sales Tax and technologies and we apply our full range of talent to creating the perfect solution for your needs.