What is the EU VAT rate?

The EU’s average standard VAT rate is 21 percent, six percentage-points higher than the minimum standard VAT rate required by EU regulation. Generally, consumption taxes are an economically efficient way of raising tax revenue.

What is a NIP code?

They are given tax identification numbers (NIP). The NIP is also given to legal units if, on the basis of other acts, are taxpayers and in particular branches of legal entities and taxpayers. A NIP is also given to entities that, on the basis of other acts, pay the social security or medical insurance.

Is VAT the same in all EU countries?

More than 140 countries worldwide—including all European countries—levy a Value-Added Tax (VAT) on goods and services. As today’s tax map shows, although harmonized to some extent by the European Union (EU), EU member states’ VAT rates vary across countries.

Is EORI number same as VAT number in Germany?

The EORI number is quite similar to the German VAT number. This was decided in order to simplify the overall taxpayer identification system applicable a an EU level. Companies involved in trading activities, both import and export ones, need to apply for an EORI number with the German Customs authorities.

What is company VAT number?

A VAT number is a value-added tax identification number that allows governments to track the VAT activity of registered businesses. These activities include VAT paid, tax credits earned, and VAT taxes charged and collected from customers.

What is VAT GST registration number?

VAT or GST registration number This number is an alphanumeric identifier unique to the person or entity doing business. A VAT or GST number is used to identify the tax status of a customer and also to identify the place of taxation.

Where is my VAT certificate?

You should arrive on your VAT account page with your account information. Scroll down to the “View VAT certificate” link and click it to view your VAT certificate.

Which country has no VAT?

There is no VAT in Brunei.

Can I check if a company is VAT-registered?

HMRC has a complete database of VAT-registered businesses, so if you’re in any doubt about a registration number you should call their VAT helpline on 0300 200 3700.

What is EU EORI number?

An EU EORI number is a European Union registration and identification number for businesses that want to import or export goods into or out of the EU. An EORI number is assigned by the member state where your company is established. Once you have an EORI number, this number will be valid in all other EU member states.

What is German EORI number?

Economic Operators’ Registration and Identification number
The EORI number (Economic Operators’ Registration and Identification number) is an operator identification number that is valid throughout the European Union and replaces the German customs number.