| Question : I just met with a new customer this week, where they have already decided to use TAXEUR, for multiple European countries. And I agree, already after a few days it becomes overly complex. Their reasoning is this: they use a so-called European Principal Company (EPC) model, where, for tax reasons, the owner of all the goods and material is located in Switzerland. The different EU countries have sales offices, make sales to local customers, and then invoice the customer. But the EPC in Switzerland is responsible for shipping the goods to the, say Dutch, customer. The goods may come out of a Dutch warehouse, or a warehouse in another country. After the transaction, EPC sends an I/C invoice to the Dutch sales office and pays them a commission on the sale. Purpose seems to be Reverse charge transactions on the VAT to pay less taxes. Is TAXEUR really necessary for this purpose. They do use Plants Abroad functionality. |
