VAT Compliance
Are you in need of VAT compliance services? If your business operates on a global scale, it is highly likely that you are obligated to register for VAT in one or more countries. At Global VAT Compliance, we can assist you with determining your international VAT requirements and provide comprehensive support for all aspects of your VAT compliance, including VAT registration, reporting, fiscal representation, and VAT remittance.
Global VAT Compliance’s End-to-End specialized services make sure you are fully VAT compliant so you can focus on your expanding business.
Our VAT Compliance services
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Global VAT Compliance investigates whether a VAT registration is necessary for your business or if alternative solutions are available. (VAT Advisory services are also available at GVC.)
If a VAT registration is the best option for you, we prepare and file all required documents on your behalf, in order to be issued all required VAT numbers as soon as possible. Should you need local VAT representation to acquire your VAT registration, we can act as your fiscal representative in all necessary countries.
A fiscal representative is a tax registered company which will manage your queries and filing obligations while dealing with the tax authorities. Certain countries require you to appoint a fiscal representative when your company is established outside the European Union to be completely compliant with your VAT obligations. Alternatively, even if it is not mandatory, fiscal representation can create VAT and cash flow advantages and Global VAT Compliance will make sure you benefit from them.
In addition to assisting you with VAT return filing, GVC offers comprehensive support in the submission of various compliance reports that may be required. These include European sales listings for cross-border transactions within the EU, as well as intrastat returns. Moreover, GVC can provide further reports as needed.
- All your required Fiscal Representation in one place.
- Simpler VAT registration process.
- Payments to Tax Authorities made through GVC’s Fiscal Representation are more efficient and easier to track.
Interested in a Free 15 mins VAT Consultation?
Fiscal representation can help you maximize the following benefits:
- Import VAT deferment license
- VAT Warehouse
- Reverse charge
- Zero-rated trading of excise goods
Please consider that many countries handle strict requirements when granting a fiscal representative license. As such, Global VAT Compliance is fully up-to-date with these requirements and in regular contact with tax authorities in several countries.
Joint liability
In some cases, the fiscal representative may be jointly liable for all VAT payments of the company. Because of this, it is industry practice to require a security deposit or bank guarantee in favor of the fiscal representative to mitigate against potential risks if the company reneges any of their liabilities.
Once your business is registered for VAT, you will need to make sure that it is complying with local VAT reporting obligations. Our in-depth VAT knowledge along with our state-of-the-art API solution Mytaxflow for VAT reporting, ensure your VAT reports will always be accurate and timely so that you are fully VAT compliant. Each country has its own rules regarding VAT reporting and Global VAT Compliance is always up to date with all the necessary rules & regulations.
VAT Remittance is the last step of the compliance process. International businesses often need to pay VAT in many different countries in several different currencies and a number of banking restrictions can apply to international money transfers.
GVC helps its clients perform VAT payments on time without having to worry of exchange rates or country specific rules on VAT remittance. This is an addition to GVC’s indirect tax compliance services. Click below to learn more about our VAT Remittance service.
Related Reports
In addition to assisting you with VAT return filing, GVC offers comprehensive support in the submission of various compliance reports that may be required. These include European sales listings EC Sales List (ESL) for cross-border transactions within the EU, as well as Intrastat returns. Moreover, GVC can provide further reports as needed:
- Annual VAT returns
- European Purchase Listings
- Local sales listings
- SAF-T
- VAT recovery