VAT number
Definition of VAT number
A VAT number is a unique identifier assigned to businesses for tax purposes.
It’s required for companies engaging in taxable activities within the European Union and other countries. The number allows authorities to track VAT (Value Added Tax) transactions, to ensure proper tax collection and compliance with tax regulations.
It’s essential for businesses involved in international trade to register for and use a VAT number to facilitate smooth cross-border transactions.
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