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FireGento_GermanSetup
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VAT Thresholds #120

Closed florinel-chis closed 11 years ago

florinel-chis commented 11 years ago

When a business passes a certain threshold in sales in a EU country according to the law needs to charge the local VAT (and register for a local VAT number).

If my company is based in Germany and I sell in UK for more than £77,000 or in France more than €100,000 you need to charge local VAT (the amount varies by country).

So in that case, even if I am a company based in Germany on the invoice I need to charge French VAT (19.6, 5.5 - books/audiobooks or 7 as reduced, 0).

Would be nice to be able to configure the module to take into consideration these situations.

riconeitzel commented 11 years ago

thanks for that information. could you please give me some links or paragraphs to read more about that? thanks rico

florinel-chis commented 11 years ago

VAT Rates: http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/how_vat_works/rates/vat_rates_en.pdf

Distance selling of goods http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/distance_selling/index_en.htm

Thresholds: http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/traders/vat_community/vat_in_ec_annexi.pdf

Please let me know if any addition information is needed. I also implemented this for couple of retailers that sell goods worldwide in Austria and UK, in order to be compliant with the law.

avstudnitz commented 11 years ago

in my opionion, this goes beyond the goals of the module - it is a good starting point and doesn't have to cover all cases. As it isn't too difficult to configure this by hand (or hire a professional for that - if you exceed the threshold, you will be able to pay him), we shouldn't complicate the setup process with this.

riconeitzel commented 11 years ago

ACK