The WooCommerce EU VAT Number extension is designed to streamline the collection and validation of VAT (Value Added Tax) numbers during checkout, particularly for eligible EU businesses. Here’s what it offers:
- Collect and Validate EU VAT Numbers: It integrates a field into the checkout process to collect and authenticate a customer’s EU VAT number. Once a valid VAT number is entered, eligible businesses won’t be charged VAT at your store.
- Exempt Eligible Businesses from VAT: For qualified EU businesses, this extension ensures they are exempt from paying VAT, if applicable.
- Handling EU Tax Requirements: It manages EU tax necessities specifically for digital goods, ensuring compliance with the regulations.
VAT Number Validation Process: The validation process utilizes the VIES VAT number validation API from the European Commission, allowing seamless and accurate verification of VAT numbers entered during checkout.
Visibility for Customers: Customers outside the EU won’t encounter any VAT-related fields during checkout as they are not within the scope of EU VAT.
Setting Up EU VAT Rates for Digital Goods: To manage EU VAT for digital products, VAT rates must be input into WooCommerce. The extension provides guidance on configuring EU VAT rates for digital goods, ensuring compliance and accuracy.
This extension simplifies the VAT handling process during checkout, ensuring that EU businesses are appropriately accounted for and charged according to their VAT status, while customers outside the EU encounter a seamless checkout process without encountering VAT-related fields.
