VAT Registration

    The process of obtaining a VAT identification number.

    Definition

    VAT registration is the formal process through which a business notifies the tax authority that it is (or will be) making taxable supplies. Once registered, the business receives a VAT identification number and must charge, collect, and remit VAT. Registration may be mandatory (above threshold) or voluntary.

    Related Terms

    VAT (Value Added Tax)
    A consumption tax levied at each stage of the supply chain.
    VAT Number
    A unique identifier assigned to VAT-registered businesses.
    VAT Threshold
    The revenue level at which VAT registration becomes mandatory.

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