EU tax number

emmrecs wrote on 6/30/2020, 1:30 PM

Welcome to the Magix user to user forums.

Your question is a very strange one for this forum!

Essentially, whether one is VAT-registered or not, one pays VAT on any purchase. Being VAT-registered, as I am for my small business, allows me to reclaim the VAT I pay on purchases, the "input tax", but I must charge VAT on anything I sell, the "output" tax, and this is paid to the Tax and Revenue authorities in my home country. If I have received more "output" tax than I have paid as "input" tax in any particular time period, I pay the difference to the tax authorities; if my "input" tax is greater than my "output" tax, the tax authorities pay me the difference.

I'm not sure whether that is at all helpful to you since I am not at all sure what lies behind your question.

Jeff
Forum Moderator

Peter-Renner wrote on 6/30/2020, 2:37 PM

Within EU if someone sales a product to another country and both have EU tax number 0% VAT can be used. If you use e.g. Avangate Payment Provider, it works automatically. Here is the rule: https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/vat-identification-numbers_en

emmrecs wrote on 7/1/2020, 4:07 AM

@Peter-Renner

Yes, I agree, but that is something you have to set up with the Tax authorities in your country.

Peter-Renner wrote on 7/1/2020, 4:28 AM

Yes. And I wonder whether Magix has this number... (I have and I do not want to pay "foreign EU" VAT when I buy a Magix product, because it is not worthy to "ask back" from a foreign Tax authority..., more convenient to have the number on both sides. Very easy to get it.

johnebaker wrote on 7/1/2020, 4:48 AM

@Peter-Renner

Hi

. . . . And I wonder whether Magix has this number... (I have and I do not want to pay "foreign EU" VAT when I buy a Magix product, because it is not worthy to "ask back" from a foreign Tax authority..., more convenient to have the number on both sides . . . .

When you purchase between EU countries and have to pay VAT on a product, for example in Germany, you claim/offset it on your VAT refund in your country - the exception being Schengen area members who are not full EU members - different rules apply .

See this document - and exceptions linked to in the various scenarios.

John EB

Peter-Renner wrote on 7/1/2020, 5:03 AM

but much more convenient to have EU tax number on both sides...

johnebaker wrote on 7/1/2020, 6:38 AM

@Peter-Renner

The EU VAT framework is the system you have to work with.

This topic will be closed as it is not resolvable.

John EB
Forum Moderator