What is the role of a tax representative for VAT?
- A tax representative carries out on your behalf all the formalities required for registration for VAT purposes (drawing up forms and registration documents related to VAT tax, ordering translation services, support with procedures until the receipt of a local VAT number).
- Duties of a tax representative include: submission of VAT tax declarations (both VAT declarations, as well as, recapitulative intra-Community statements), submission of requests for tax refunds, submission of statistical declarations (Intrastat) and managing VAT payments (informing clients on the amount of VAT due).
- A tax representative ensures compliance with tax regulations beginning with the analysis of a given case, through the control over correctness of documents and ending with the provision of information about all of the obligations of the taxpayer on an on-going basis (issuing invoices, amendments to regulations…).
- A tax representative manages all correspondence and exchanges with tax authorities and is also present to assist, at the client’s request, during a tax control.
- A tax representative is liable together with the taxpayer for tax obligations and it may therefore be necessary to establish a deposit or bank guarantee.
A tax representative or tax agent? To learn more about differences between a tax agent and a tax representation, please contact amavat Europe click here for details.