Fiscal Representative in Europe: bring your business to EU

Cer­tain busi­ness activ­i­ties like trad­ing of goods into Europe requires a local VAT reg­is­tra­tion and sev­er­al reports- Pur­chase lists, EC sales, and Intrastat.

The Euro­pean author­i­ties ask for the dec­la­ra­tions as the busi­ness is involved in cross bor­der oper­a­tions. And, they need to ensure that the busi­ness com­plies with all the manda­to­ry Legislations.

With the dif­fer­ent VAT rules and reg­u­la­tions, the process of assess­ing the com­pli­ances, sub­mit­ting and prepar­ing the dec­la­ra­tions can serve as a daunt­ing task.
Import­ing and ship­ping of goods into the Euro­pean Union requires a Fis­cal rep­re­sen­ta­tive who under­stands the Euro­pean reg­u­la­tions on VAT.

Fiscal Representative takes care of the administrative and fiscal obligations

Fis­cal rep­re­sen­ta­tives take VAT returns and cus­toms, sub­mit it to the Intrastate Euro­pean Sale State­ments and man­age all the activ­i­ties with the Euro­pean Authorities.

Read on to know how a CAPLINQ’s Fis­cal rep­re­sen­ta­tive can help you expand your busi­ness to the Euro­pean Union.

1. Helps you with VAT submission and returns

VAT is val­ue added tax that is to be paid along with the import duties to the cus­toms at the time of ship­ping. Depend­ing on the ser­vices, 6% or 21% of the rate is to be paid. The Fis­cal rep­re­sen­ta­tive takes care of reg­is­ter­ing your busi­ness for VAT. There­fore, ensur­ing that the right rate of VAT is applied, pro­cess­ing and sub­mis­sion to the tax­es to the con­cerned authorities.

2. Protection against the cheaper products

The Euro­pean Union applies com­mon cus­toms tar­iffs, and val­ue added tax along with con­sump­tion tax and excise duty.

But, in the case of the U.S. based orga­ni­za­tions, import duty is also applied to pro­tect the Euro­pean coun­tries against the cheap­er prod­ucts. Adding import duties makes the prod­ucts expen­sive lead­ing to the less price dif­fer­ence and allow­ing oth­er coun­tries to com­pete globally.

3. Helps in deferment of Import VAT

In import VAT defer­ment, you are not required to pay VAT on import. But, it has to be paid while fil­ing the returns. And to pay the tax dur­ing returns as a for­eign busi­ness, you need an Arti­cle 23 per­mit that you get only by appoint­ing a fis­cal representative.

With the help of CAPLINQ’s Fis­cal rep­re­sen­ta­tion ser­vice, your com­pa­ny can estab­lish in the Euro­pean Union more eas­i­ly and com­pet­i­tive­ly. And, the cost of sup­ply­ing prod­ucts in the Europe will also be cheap­er and faster.

To learn more regard­ing the fis­cal rep­re­sen­ta­tive in Europe, vis­it www.caplinq.com. You can also con­tact us if you have ques­tions regard­ing the CAPLINQ’s order ful­fill­ment services.