Jump to: navigation, search

Difference between revisions of "Value Added Tax"

(12 intermediate revisions by the same user not shown)
Line 1: Line 1:
'''Value Added Tax''' ('''VAT''') is a state tax system common in Europe in both EU member states and others. It applies to all goods manufactured and all goods imported. Companies who are required to declare VAT reports towards the state are called VAT-payers, others are still subject to VAT but might not be required to fill out VAT reports and are not eligible for VAT refunds.
+
'''Value Added Tax''' ('''VAT'''), known in some countries as '''Goods and Services Tax''' ('''GST''') is an incremental state tax system applied in Europe, Australia, Japan, Canada as well as many other countries, but '''not in the USA'''.
  
'''xVinylx''' is represented by a VAT-payer company ''Damage Done s.r.o.'' and our VAT number is:
+
VAT is invoiced (or not) depending on where the goods are being delivered. For example, if half of your records will be delivered to USA and the rest to your distributor in EU, sections "Delivery to USA" and "Delivery to EU" will apply for respective shipments.
{|
+
|CZ28893425
+
|}
+
  
If you order manufacturing through us, there are three possible options:
 
  
* Your company is registered in an EU member state, and you are '''not''' a VAT-payer (or you are a '''private customer within EU''')
+
== Delivery to USA ==
* Your company is registered in an EU member state, and you are a VAT-payer
+
* Your company is registered outside EU (or you are a '''private customer outside EU''')
+
  
Read the description below to understand what price (inclusive or exclusive VAT) we charge you and why.
+
No VAT applies, your goods are imported into USA through our US office, XVINYLX INC.
  
== Customers from EU, not VAT payers ==
+
If you are a customer based in USA your delivery is sold to you as a domestic trade, with no fees or custom proceedings on your side.
  
You will pay the price including VAT.
+
If you are a customer outside USA, we will NOT charge you VAT, delivery to a recipient in USA is handled by us, with no fees or custom proceedings needed by the recipient.
  
== Customers from EU, VAT payers ==
 
  
'''This means you must have a company with a valid VAT number! You can check that here: [http://ec.europa.eu/taxation_customs/vies/ VAT number validation]'''
+
== Delivery to EU ==
  
You will pay the price exclusive VAT.
+
Deliveries to VAT-payer recipient are invoiced without VAT. VAT-payers companies are recognized by their VAT number that must validate on VIES system: [http://ec.europa.eu/taxation_customs/vies/ VAT number validation]
  
You are required to pay it during tax declaration in a state where your company is registered.
+
Deliveries to private recipients and small non VAT-payer businesses are invoiced with 21% VAT.
  
We are required by law to check if your VAT identification number is valid.
+
'''Deliveries to EU distributors (for clients in the USA, Australia or outside EU):''' bigger distributors in EU are '''always''' required by law to become VAT payers, so no VAT should be invoiced on dropshipments to your distributors.
  
== Customers outside EU ==
 
  
You will pay the price exclusive VAT.
+
== Delivery to Australia ==
  
You will have to pay your state-tax or VAT during import '''before the goods is delivered to you.''' Import duties might also be charged (this will depend on your country's import laws).
+
All deliveries to Australia are invoiced with 10% Australian GST.  
  
Customs office are allowed to open&inspect the shipment and deal with it according to the recipient's state laws.
+
If you are a customer based in Australia, you will be invoiced by our Australian office, XVINYLX Australia Ltd.
 +
 
 +
 
 +
== Delivery to Canada ==
 +
 
 +
Direct deliveries to Canada will require recipient to pay Canadian GST.
 +
 
 +
Deliveries to Canada via USA are available on request.
 +
 
 +
 
 +
== Delivery to other countries outside USA, EU, Australia, Canada ==
 +
 
 +
Local VAT and state taxes might apply, recipient will be required to pay any import fees and/or customs and comply with customs proceedings during import.
 +
 
 +
 
 +
== XVINYLX EU VAT identification ==
 +
 
 +
'''XVINYLX EU''' is represented by a VAT-payer company ''Damage Done s.r.o.'' and our VAT number is:
 +
{|
 +
|CZ28893425
 +
|}
  
Note: Norway, Switzerland, Ukraine and Russia have their own VAT. Some US states have import state-tax.
 
  
 
== See also ==
 
== See also ==
  
Wikipedia article with in-depth explanation of how value added tax system works:
+
Wikipedia articles with in-depth explanation of how value added tax system works:
  
 
* [http://en.wikipedia.org/wiki/Value_added_tax wikipedia.org/wiki/Value_added_tax]
 
* [http://en.wikipedia.org/wiki/Value_added_tax wikipedia.org/wiki/Value_added_tax]

Revision as of 21:03, 11 February 2020

Value Added Tax (VAT), known in some countries as Goods and Services Tax (GST) is an incremental state tax system applied in Europe, Australia, Japan, Canada as well as many other countries, but not in the USA.

VAT is invoiced (or not) depending on where the goods are being delivered. For example, if half of your records will be delivered to USA and the rest to your distributor in EU, sections "Delivery to USA" and "Delivery to EU" will apply for respective shipments.


Delivery to USA

No VAT applies, your goods are imported into USA through our US office, XVINYLX INC.

If you are a customer based in USA your delivery is sold to you as a domestic trade, with no fees or custom proceedings on your side.

If you are a customer outside USA, we will NOT charge you VAT, delivery to a recipient in USA is handled by us, with no fees or custom proceedings needed by the recipient.


Delivery to EU

Deliveries to VAT-payer recipient are invoiced without VAT. VAT-payers companies are recognized by their VAT number that must validate on VIES system: VAT number validation

Deliveries to private recipients and small non VAT-payer businesses are invoiced with 21% VAT.

Deliveries to EU distributors (for clients in the USA, Australia or outside EU): bigger distributors in EU are always required by law to become VAT payers, so no VAT should be invoiced on dropshipments to your distributors.


Delivery to Australia

All deliveries to Australia are invoiced with 10% Australian GST.

If you are a customer based in Australia, you will be invoiced by our Australian office, XVINYLX Australia Ltd.


Delivery to Canada

Direct deliveries to Canada will require recipient to pay Canadian GST.

Deliveries to Canada via USA are available on request.


Delivery to other countries outside USA, EU, Australia, Canada

Local VAT and state taxes might apply, recipient will be required to pay any import fees and/or customs and comply with customs proceedings during import.


XVINYLX EU VAT identification

XVINYLX EU is represented by a VAT-payer company Damage Done s.r.o. and our VAT number is:

CZ28893425


See also

Wikipedia articles with in-depth explanation of how value added tax system works: