Fiscal representative Europe

Fiscal representative Europe

Fiscal representative Europe

 

A fiscal representative in Europe , with whom you can make contact thanks to vacue.us, is essential because he will understand the VAT laws of Europe and the language and laws of the country with which your company wants to do business.

 

A representative will help you when your transactions involve importing goods into the territory of Europe. Also appointing a representative can help when you are a foreign company that is trying to sell products in Europe. The fiscal representative in Europe becomes your point of contact for all custom and VAT transactions and the risk of being non compliant is eliminated. The company that appoints the representative will no longer miss out on cash friendly schemes such as VAT deferment. What VAT deferment does is that it enables the importer to defer the VAT and other duties to the following month. But in case of VAT deferment the company will need to provide a bank guarantee from an approved bank or insurance company and the guarantee must cover up to 2 months of duties that become due. If the company applies for simplified import VAT accounting scheme (SIVA) the VAT amount guaranteed can be done away with completely. But benefits of SIVA can’t be availed of by a new company because importers need to have a clean VAT compliance history for three years before the importer can register for the SIVA scheme. Coming back to VAT deferment the import VAT amount is reverse charged on the subsequent tax return which results in nil payment of tax.

 

Besides introducing you to beneficial schemes what fiscal representatives do is to take the headache out of VAT.

 

To conclude I would like to state that there are many a benefit of fiscal representatives and they begin right when the company decides to go for registration with the local office. The fiscal representatives from Europe will help you register for VAT and then make sure that your company is in compliance with all relevant regulations. The representative also files VAT returns and ensures EU Intrastat declarations are duly filed. Plus the fact that correct VAT rates are applied becomes the responsibility of the fiscal representative. The fiscal representative makes sure your company gets a competitive edge in the market. This will happen because of better cash flow enabled due to cash benefit schemes. What also makes a better name for the company is the fact that the company is always VAT compliant and more companies would like to do business with a company with a good image. The good image of being a bonafide and law abiding tax payer pays off in the long run. When you hire a fiscal representative for your company then the day to day trouble of fretting over taxes and tax compliance gets out of the equation and you can concentrate entirely on the core responsibilities of the business. The representative takes partial responsibility for VAT that becomes due over the shipping of goods and a representative makes the process of supplying goods and services to European customers cheaper and faster.

https://www.vacue.us/fiscal-representation