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Old 05-26-2018, 07:12 AM  
BigFurry
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Quote:
Originally Posted by celandina View Post
Its a money grab by the govenment making sure you have paid the VAT ( in Czech DPH). If it is pan Europan payment there is VAT due and must be paid.
Banks are not a tax authority, they're not checking if you're paying taxes. They only care about avoiding money laundering, money from illegal activities, and sometimes reputational risk.

Quote:
Originally Posted by celandina View Post
If a company pays or issues an invoice even into a personal account you are obligated to charge and file VAT. If One party is OUT of EU then not. Person to person does NOT either.
In many EU countries small businesses and entrepreneurs can register to be exempt from VAT.
https://europa.eu/youreurope/busines...s/index_en.htm
As you can see, in the CZ the limit is around 39000 Euros.

Either way, it's not the banks job to check if you're paying VAT. You could pay it from a different bank, not just theirs.
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