I would visit the CRO website www.cro.ie and have a look at the different company business formation types (Foreign company)
Some things stand out as sounding wrong: how can a foreign company (ShareIt) charge VAT for selling goods from a company not registered for VAT? In fact, why are they charging VAT at all?.
This is normal practice in the new internet sales VAT collection model. I assume that this is because the sale is deemed to take place in the country of purchase, and if that's a EU country, the vendor is required to charge VAT, just like any High St. retailer.
Such vendors do in fact register for VAT and return the collected sums to the relevant exchequer.
I think companies like ShareIt can collect VAT because act as software resellers. If a company gets tesco to sell their products isn't it tesco that collects the VAT at the time of purchase by a consumer. ShareIT sort of acts like a software supermarket.
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