Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Hello!
I have recently started a sole proprietor as a secondary occupation, with vAT exemption. In the learning center, I read that it is best not to provide your Belgian vAT number to Dutch (or other foreign) suppliers.
Now I am creating a professional account at a webshop where I often order as a private person. They also ask for my vAT number.
Could this affect my exemption status? In other words, am I doing something wrong if I provide it and it is stated on invoices?
Hello!
If you provide your vAT number to a foreign webshop, they will usually automatically issue an invoice with 0% VAT, VAT reversed under the IC scheme. This applies to those subject to VAT.
As a VAT-exempted person, you have to pay that foreign VAT, as I acknowledge.
If they only state your vAT number, I don't think there's anything wrong with that, but in my experience you usually get 0%. That's why my advice is that you not give out your vAT number.
Absolutely right! But some foreign shops will require a company number before you can order from them.
As a VAT-exempted person, you then provide your company number and they automatically charge 0% VAT. It's a pain, but that's how it is. You then have to file a special vAT declaration, which isn't the end of the world, but still.Good thing Dexxter made a video about the special vAT declaration.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
