Europe remains a great export destination, despite all its complexities, including VAT. It is the largest destination for US exports and together, the US and Europe make up over half of world GDP and a third of global trade.
Don’t let Value Added Tax (VAT) be the reason why you don’t take advantage of Europe’s booming ecommerce and strong economy. Make sure your company doesn’t suffer unnecessary VAT charges when exporting to the EU by being fully compliant and understanding how to reclaim VAT.
In the infographic below, I hope to clarify some of the details around European VAT. Keep in mind that it is an expansive subject, so for more detail check out our most recent European VAT webinar.
Enjoy, and happy exporting!