 |
 |
||||
|
|
Renaissance Workshop Company |
 |
|
||
|
| Home | About us | Products | Prices | Buy | Services | Bookstore | Projects | SecondHand | Knowledge | News | Testimonials | |
|
||||
|
|
|||||
|
|
|
||||
| ||||||||||||||||||||||||||
|
What is an Ex-VAT Price?We publish our prices exclusive of VAT and exclusive of shipping costs. That means that, if applicable, VAT and shipping costs are payable in addition to the published price. What is the VAT?The VAT (Value Added Tax), is a tax on products and services applied all over the world [1]. It is similar to a conventional sales tax, but it differs in the collection mechanism. Sales taxes are normally only charged on final sales to consumers. The VAT is collected by those that intervene in the production, transformation or distribution of the product in the same proportion to the value that every one adds to the product. So, the main difference is the extra accounting required by those in the middle of the supply chain. As an European Company, we apply the rules of the European Union VAT. Rules of the European Union VATWhen products are sold from a place in the 'EU VAT Area' -which is the case of the sales made by Renaissance Workshop Company Ltd.- the following rules apply: Territory. The so called 'European Union VAT' is the VAT applied in the "European Union VAT Area" (which is similar but not the same that the 'European Union'). Prices. Under the EU system of VAT, any price may be inclusive of VAT (VAT is included as part of the agreed price) or exclusive of VAT (if applicable, VAT is payable in addition to the agreed price). Rates. Different rates of VAT apply in different EU member states (from 15% to 25%). At present, we produce and sell from Spain and the applicable rate is the 21%. Buyers. Both natural persons and legal entities in the 'European Union VAT Area' can be end consumers or value adders (resellers, distributors or transformers). Value adders can be VAT-registered or Non-VAT registered [2]. Following you can find practical rules to know if we will include the European VAT in the invoice. As a general rule, if you are VAT-registered or foreigner in the EU Area, you will recoup the VAT. If you are a non-registered citizen of the EU Area, you will have to pay the VAT. Buyers in the European Union VAT Area
Buyers from outside the European Union VAT Area
[1] With different names, a form of VAT is applied in many countries in Europe, America and Asia. Sales tax is mainly applied in the USA (except in the state of Michigan that uses a VAT called Single Business Tax). The VAT is also known as ÁFA in Hungary, ALV in Finland, BTW in Nederland and South Africa, CBL in Ireland, DDV in Slovenia, DGhG in Georgia, DPH in Czech Republic and Slovakia, GST in Australia, Canada, Egypt, Jordan, New Zealand, Paraguay, Singapore, GTGT in Vietnam, HST or TVH in Canada, IGV in Peru, ITBIS in Dominican Republic, ITBMS in Panama, IVA in Italy, Latin America, Portugal and Spain, KDV in Turkey, km in Estonia, Ma'am in Israel, Moms in Denmark, Finland, Norway and Sweden, MVA in Norway, MwSt or USt in Austria, Germany and Switzerland, PDV in Croatia, Montenegro and Serbia, PPN in Indonesia, PTU in Poland, PVM in Lithuania, PVN in Latvia, RVAT in Philippines, SBT in Michigan, TPS in Canada, TVA in France, Lebanon, Luxembourg, Moldova and Romania, TVM in Malta, VSK in Iceland, ΦΠΑ in Cyprus and Greece, ДДВ in Republic of Macedonia, ДДС in Bulgaria, НДС (NDS) in Russia, ПДВ in Ukraine, 增值税 in People's Republic of China, 消費税 in Japan, etc. [2] VAT registered means registered for VAT purposes, i.e. entered into an official VAT payers register of a country. The persons and legal entities that are VAT registered are obliged to calculate VAT on certain goods or services that they supply and pay VAT into particular state budget. | |||||||||||||||||||
| ||||
For all the customers in
the same country than the seller (Spain)![info[@]renwks[.]com](../images/info.jpg){kind=small}