ABOUT YOU has expanded its warehouse network with a location in Slovakia. The new location in Slovakia was chosen primarily because of its favourable connections to the markets in Central and Eastern Europe and it should ensure fast delivery to customers there.
The FBAY Partners will now deliver their assortment not only to the warehouse in Germany (Altenkunstadt - AKU), but also to the second warehouse in Slovakia (Dunajská Streda - DUN).
The main goal of AY is to supply Western European customers from the German warehouse and Central Eastern European customers from the Slovakian warehouse.
The storage in the Slovakian warehouse creates an obligation for ABOUT YOU Partners to register for VAT in Slovakia. The registration for VAT in Slovakia should take place at the time of the first storage of the goods. All stock placements as well as stock removals from the Slovak warehouse must be declared in the Slovak advance VAT return. In Slovakia, all sales to customers that are made from the Slovak warehouse must also be declared.
We will be happy to assist you with your VAT registration in Slovakia as well as with the submission of VAT returns, control statements and recapitulative statements.
Yourtaxes.cz - VAT number for ABOUT YOU Partners in Slovakia
If you are considering the question of which country is advantageous from a tax point of view to import goods into the European Union, then you need to consider in particular which country a fiscal representative is required and how VAT is charged on imports into the EU. In both aspects, the Czech Republic is an ideal choice.
From January 1, 2024, a number of significant changes will take place in the Czech tax system - the corporate tax rate will increase, VAT rates will change and, last but not least, the tax burden on natural persons will also increase.
In addition to changes in the area of corporate income tax, the Czech Ministry of Finance is preparing to adjust VAT rates. VAT rates should change from January 1, 2024.