How to avoid VAT in EU from the 1st 2024

[delarue]

A no KYC company ? And the bank ? The best option is to work with a merchant gateway which doesn’t have office in Europe therefore no communication of financial data.

 

[Marzio]

The best option is to work with a merchant gateway which doesn’t have office in Europe therefore no communication of financial data.

Do you mean for example Stripe UK or a payment processor different than Stripe because it has offices in EU?

 

[stivemoose]

That would be the best option.

Alternative, setup a no KYC company and give a **** about the VAT.

What do you mean exactly? Your email doesn't work

Do you mean for example Stripe UK or a payment processor different than Stripe because it has offices in EU?

I believe Stirpe UK it's same as Stripe US, they must do report somehow and adat to new rules.

 

[Dandyline]

A no KYC company ? And the bank ? The best option is to work with a merchant gateway which doesn’t have office in Europe therefore no communication of financial data.

If the PSP is based outside EU, the sender/customers bank need to report the cross border transaction.

 

[MiltonStone]

A no KYC company ? And the bank ? The best option is to work with a merchant gateway which doesn’t have office in Europe therefore no communication of financial data.

Very true, it is going to be interesting to follow this in 2 years and how the European payment processors will implement it.

 

[Marzio]

If the PSP is based outside EU, the sender/customers bank need to report the cross border transaction.

Ok and then what?

There are plenty of companies in Delaware that bill EU customers without charging VAT so even if the bank will report the cross border transaction it's unlikely that something will ever happen.

 

[NicolasMaduro]

Ok and then what?

There are plenty of companies in Delaware that bill EU customers without charging VAT so even if the bank will report the cross border transaction it's unlikely that something will ever happen.

I guess it all depends on turnover and where the shareholders/directors are based.

If its an EU citizen best believe they will take him/her down

 

[wellington]

Do you mean for example Stripe UK or a payment processor different than Stripe because it has offices in EU?

Stripes a US Company, listed on the US Stock market i think... falls under US Jurisdiction, thus tax evasion through it even for a EU company is a big no no lol not unless you want to be indicted to the SDNY.

Just pay the VAT or relocate yourself and your business and not engage in the EU.

 

[5K1PP3R]

Stripes a US Company, listed on the US Stock market i think... falls under US Jurisdiction, thus tax evasion through it even for a EU company is a big no no lol not unless you want to be indicted to the SDNY.

Just pay the VAT or relocate yourself and your business and not engage in the EU.

bro you have no clue... There is no VAT if I pay EU or UAE company via Stripe UK

 

[theblast3r]

This means that it's mandatory to include VAT in B2B if you have an a foreigner compant (USA LLC for example) even if you sell digital services to the european company?

 

[Konstanz]

I think this will mostly work for large companies selling services/goods online like Facebook etc. who bill a lot of clients.
Because if some no name company from USA would bill some clients in EU without VAT. I don't believe something would happen