The sales tax payers' tax identification number is a clear designation of businesses liable to pay sales tax on VAT.
Brief description
The turnover tax identification number is very important in intra-EU trade, and is especially a basic requirement for tax exemption in intra-Community supplies. By showing this number, the recipient recognizes that the acquisition tax is paid in another member country. This is a condition for the selling company to obtain tax exemption for an intra-Community supply.
A pan-European confirmation process is available to verify a new business partner. For better control, each exporter must submit a summary report of intra-Community shipments of goods (in electronic form) to its financial office once a quarter.
