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In some countries, Value Added Tax (also known as Value Added Tax) is levied on the sale/purchase of certain goods and services. In general, it can be defined as a consumption tax that is estimated and levied based on value added. Normally VAT is considered to be destination based as the application of VAT depends on the jurisdiction of the seller and the buyer. It must be noted that VAT accounts for almost 20% of the total amount of tax levied worldwide.

Whenever you decide to do business in the EU, you will surely face the question of VAT number registration. VAT issues are complex. Nonetheless, all EU member states follow the EU VAT Directive, therefore each EU country has drawn up its own legislation regarding VAT requirements and reporting.

Once the company is registered for the VAT number, it has to regularly submit its VAT report, which contains information about the incoming and outgoing invoices, regardless of whether they were issued/received from other EU counterparties or non-EU partners or not . Most importantly, all transactions must be declared in the VAT report, including invoices that have 0% VAT applied.

Mandatory VAT registration for EU companies
There can be several conditions when an EU based business is required to register for VAT and file VAT reports. In most EU jurisdictions, VAT registration should be done in the following cases:

Through thresholds
When a company registered in the EU makes a certain turnover, it has to register for VAT. The thresholds for mandatory VAT registration are set by the VAT legislation of each EU member state. For example:

€16,000 in Estonia,
€30,000 in Austria,
1,000,000 CZK in the Czech Republic,
etc.
A complete table of EU VAT registration thresholds can be found here: EU VAT registration thresholds by Member State

Voluntarily
Any company registered in the EU can voluntarily apply for VAT registration even if the thresholds set by local VAT law have not yet been reached.

Registration of foreign companies for EU VAT
Foreign companies operating across the European Union may have requirements to obtain an EU VAT number. The requirements are not only listed in the EU VAT Directive, but also in the local VAT laws of each member state. In general, the requirements for registration for EU VAT are:

A foreign company is moving goods across EU borders;
A foreign company stores goods in warehouses in the EU;
A foreign company provides works and services such as conferences, exhibitions, installation of equipment, etc. in the EU;
A foreign company is involved in distance selling, i. H. in the online sale of goods to consumers in the EU.