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by gamblor956
492 days ago
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Non-European companies don't pay VAT or deal with VAT compliance unless they have sufficient business in Europe that they are required to register for local tax compliance. European customers handle the VAT themselves when dealing with non-VAT-registered non-European suppliers; this is known as the "reverse charge" mechanism and it's generally a feature of almost every VAT system in the world. (In a nutshell, the customer charges themselves VAT and pays it on their own VAT return. This is similar to the way "use tax" works in the U.S.) |
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