Quote:
Originally Posted by KlenTelaris
Also, regarding VAT - EU company need to charge VAT to other EU entity only if that entity is - person, or business person/company which is not in VAT system, however in CZ there is a thing called Light vat id, alias "identifikovana osoba", which i have and as result i do not need to pay VAT when dealing with EU companies, nor i need to charge it and i am still not registered as VAT on local level . This is made strictly for dealing with EU, so no need for it in case you are not doing bussiness with EU companies at all. So this allows to stay out of VAT but still not paying EU vat.
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So you are exempt from paying VAT (below the annual limit) - but at the same time got a European VAT ID to be able to do B2B in the EU properly.
Yep, works similarly in some other EU countries too.