The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union.
As VAT is a consumption tax, in principle, it is borne ultimately by the final consumer. It means if you are registered as a VAT payer, you may be required to charge VAT on the items sold in European Union's member countries, as well as the UK and Norway.
And VAT is a general tax that applies to all commercial activities(eg. production, distribution, sale) for goods and services, which is different from the US Sales Tax.
According to VAT rules, Yoycol will charge on orders that ship to a customer in one of the EU member states based on shipping address. However, if you are registered as a VAT payer, you are able to reclaim VAT used for your taxable supplies by including Yoycol VAT invoice during VAT declaration.
The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the European Union.
As VAT is a consumption tax, in principle, it is borne ultimately by the final consumer. It means if you are registered as a VAT payer, you may be required to charge VAT on the items sold in European Union's member countries, as well as the UK and Norway.
And VAT is a general tax that applies to all commercial activities(eg. production, distribution, sale) for goods and services, which is different from the US Sales Tax.
According to VAT rules, Yoycol will charge on orders that ship to a customer in one of the EU member states based on shipping address. However, if you are registered as a VAT payer, you are able to reclaim VAT used for your taxable supplies by including Yoycol VAT invoice during VAT declaration.
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