It’s All Subject to VAT (Almost)

Written By Katja Brandt

Did you know that any of the following transactions could trigger VAT/GST liabilities and -costs for your business, if it involves an EU Member State or any of the other 170+ locations that has adapted the VAT/GST regime?

•       Selling goods or services

•       Buying goods or services

•       Operating a supply chain with multiple counterparties, production sites, or storage sites

•       Changing a component within an existing supply chain, including contracting with new vendors, customers, production sites, warehouse locations, distributors, or agents 

•       Storing/owning goods and products abroad

•       Shipping own goods across borders, even if only for testing, manufacturing, packaging, labeling, or distribution.

What type of transactions is your business involved in? Perhaps they are also subject to VAT/GST. Should we discuss?

  

Katja Brandt
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