Why should you appoint a tax agent specialised in VAT ?
DEFINITION OF TAX AGENT
The tax agent is used by taxable companies established in a member country of the European Union to handle the VAT filing formalities in another member country of the community. The tax mandate can be used in the 28 countries of the European Union and applies solely to companies established in the European Union (not to be confused with tax representation).
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WHY USE A TAX agent ?
Any company liable to pay VAT established in a member country of the European Union conducting taxable operations in another member country of the community is subject to VAT reporting requirements. These reporting requirements can be fulfilled by an approved tax agent established in the country. (If you are a third party company, please visit our page on fiscal representation).
To fulfil these reporting requirements, you must have a tax identity in the country. There are two options for this:
Create a local company
Use the services of a tax agent
Forming a company considerably increases your obligations and your operating costs (creation of articles of association, keeping accounts, payment of taxes on companies in the country, etc.). The tax mandate is a much simpler administrative solution. The agent registers you for VAT in the country, which enables you to operate like a standard local company.
When launching into new markets, it is important to comply with local legislation and European directive 2006/112/CE to ensure sound commercial development abroad. The tax mandate makes it possible to launch the business without engendering major costs and to ensure fiscal compliance.
CONCEPTS TO REMEMBER
The tax agent can register you for VAT in another member country without the need to create a permanent establishment there. (BOI-TVA)
Certain intra-community operations render you liable for VAT in the country of operation.
VAT mistakes are frequently made and can lead to major financial risks.
Do you need to register for VAT in a member country of the European Union? Are you seeking a tax agent to manage your foreign VAT declarations?
UNDER WHAT CIRCUMSTANCES SHOULD A TAX AGENT BE USED ?
Certain taxable operations require VAT registration in another country of the European community. The following are a few examples of such operations:
intra-community deliveries and acquisitions from another member country
imports and exports from another member country
stockpiling or holding stocks on consignment in another member country
exceeding the threshold in distance selling
certain purchase or resale operations in another member country
certain service provisions (for example, construction)
HOW CAN ASD HELP YOU ?
As a tax agent, ASD can analyse your flows of goods and invoicing, register your company for VAT, submit your foreign VAT declarations and be responsible for your trade of goods declarations if the thresholds are exceeded.
Since 1993, ASD has been able to offer you the benefit of its expertise as a tax agent: through its 100 employees and its international presence, ASD supports its clients in their tax and customs strategies.
Preparation, verification and submission Intrastat and VAT incoive
ANALYSIS AND CONTROL
Detailed monthly analysis and monitoring of all your transaction flows
INPUT AND VERIFICATION
Input and verification of the conformity of the invoices and customs nomenclature
Research and verification of the customs nomenclature
Assistance during an administrative or customs inspection
Organisation of specific training in processing the Intrastat ideal for your employees
Who are we?
ASD Group is an international taxation firm specialised in fiscal and customs strategy since 1993. We assist our clients worldwide through an integrated network of agencies. Around 100 collaborators work daily to ensure compliance.Find out more
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