Paying VAT in foreign counties
I'm planning to sell (my own) software (yearly license actually) online, worldwide, from my Europe based company, business to business only. I'm really not into any financial topics but reading about it almost scared me away totally.
Did I get it right that for each country I make a sell in, I have to:
(before the sale) register a VAT number per country
create a receipt that conforms that country's laws (which can mean 200 types of different receipt templates)
pay the VAT for each country in different timeframes, e.g. I have to
pay monthly in India, yearly in USA, etc?
+1: does the process differ within the European Union?
If the points I've written are just partly correct this seems to be a nightmare to manage. Is there any service which takes care of these for a certain fee?
Thank you in advance!
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Yes, it is a nightmare to manage on your own for a small company. Fortunately, there are services that take of this for you and two examples are fastspring.com or paddle.com.
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