Skip to content
We are not an official distributor of the mentioned brands. Being an independent stockist and exporter with diversified purchasing, allows us to be faster, more competitive, and flexible.
We are not an official distributor of the mentioned brands. Being an independent stockist and exporter with diversified purchasing, allows us to be faster, more competitive, and flexible.
The rules of Tax exemption

The rules of Tax exemption

Our company is located in Slovakia, a member state of the EU.

As our export grows, often comes the question when are we allowed to issue an invoice with 0% VAT and when are we bound to add 20% local VAT?

The rules are pretty simple:

  1. Local sales (buyer is located in Slovakia) we use 20% local VAT.

  2. Sales to another member state of the European Union to a buyer that has a valid EU VAT ID* - we can apply 0% VAT.

  3. Sales to another member state of the European Union to a buyer that has NO EU VAT ID - we must apply 20% VAT (a typical case when a buyer is a private person).

  4. Sales to a non-EU country: 0% VAT (we must prepare customs declaration documents).

* A value added tax identification number or VAT identification number (VATIN) is an identifier used in many countries, including the states of the European Union, for value added tax purposes. In the EU, a VAT identification number can be verified online at the EU's official VIES website.

Any questions, or doubts? Contact us!

 

Previous article Air-brake parts translated to 10 languages (unit dictionary)
Next article Primitive hacking attempts you should be aware of, or else criminals will take your money.