Frequently Asked Question
Tax security in PamBill - Supported VAT systems
Last Updated 2 years ago
PamBill processes VAT according to internal rules that comply with the tax law. Each time you import a purchase order, PamBill checks if the imported VAT values match. If not, you will receive a notice.
When you create a PamBill account, you will also be asked for the VAT rates that apply in your country. Here you will get the recommended values, because PamBill knows which VAT values are valid in the countries of the European Union. This minimizes the risk of issuing incorrect invoices. If the values for your country do not fit, this is also shown as a hint on the PamBill dashboard, so you can check and correct the values.
Overall PamBill offers the following VAT support:
- Solos and small businesses: no VAT reporting.
- Taxable businesses: Reporting of full and reduced VAT values
- Intra-Community supply: transmission of the EU VAT number and invoicing without VAT and legal tax indication. Sales to private individuals with VAT.
- One-Stop-Shop procedure: Import of orders and automatic application of VAT values the country of the customer.