Existing companies with VIES number

On 1 January 1993, a new VAT control system was established for intra-Community trade in the European Union. With this implementation, customs tax controls were eliminated at the internal borders of the countries and thereby benefited from significantly reducing the administrative burden on companies.

 Existing companies to get the VIES number to have to register in Intra-Community Operators Registry of the European Union. The mandatory nature of such registration provides the possibility of being able to market products and services between some companies and others within the European Union.

If the exchange takes place between the companies registered in Intra-Community Operators Registry, both will be benefit from the VAT tax exemption.

The term VIES refers to the VAT information exchange system. It was created with the purpose of fighting tax fraud. It is a service that is requested online and is free.

The VIES number offers business calmness of mind because companies beforehand can verify any transaction, before when they will be carrying it out and monitor the veracity of the information. As much as existing companies can obtain this number, they can lose it, that is, if the company does not carry out any transaction within a certain period within the European Union, they are in danger of having their VIES number removed from the registry.

In summary, all companies that carry out international transactions within the European Union must have their VIES number active. If you have difficulty obtaining it, our company will indicate for you, the steps to obtain it. We also offer the possibility of acquiring an existing company in Slovakia with VIES number. Contact us!