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It‘s not zero VAT. It just reverses who has to pay the VAT. E.g Microsoft invoices me at 0% VAT but I have to report and pay 19% to the state. (b2b only)
by JanSt 3y ago
It‘s not zero VAT. It just reverses who has to pay the VAT. E.g Microsoft invoices me at 0% VAT but I have to report and pay 19% to the state. (b2b only)
- Arcanum-XIII 3y agoUh ? No. I don’t pay for VAT if I buy anything out of Belgium - because it would create a big administrative mess of pay back between member state. Which is the stupidest system internally : get paid vat, paid it to the state minus the VAT you’re owned as business for whatever you’ve bought. Loss of time and energy all around.
- Kiro 3y agoI would still call it zero VAT. What happens is that you debit and credit the same VAT amount in the books, effectively deducting and zeroing it immediately. https://europa.eu/youreurope/business/taxation/vat/cross-border-vat/index_en.htm https://europa.eu/youreurope/business/taxation/vat/cross-bor...