EU Sales List Overview
If you send goods to customers in another European Union (EU) country, you can record these as zero-rated supplies of goods. You can do this if you have the VAT number of your customers. If your EU customers aren't VAT registered, or if you don't have their VAT number, you'll need to charge VAT.
All EU countries require you to submit monthly or quarterly EU sales lists as a part of their reporting procedure. The timing of the returns and the threshold limits vary from country to country.
If you have installed the International Tax Reports SuiteApp in your account, NetSuite can generate an EU sales list report for any of your EU subsidiaries.
For electronic filing, the EU sales list created by the system only includes invoices to customers where the Ship To address is an EU member state. On each registered trader's customer record, be sure to enter a valid VAT number in the format required by their country. Make sure that the VAT identification number of each customer is valid, because tax agencies can impose financial penalties for incorrect or invalid VAT numbers.
Localized EU sales list reports (in English and the local language, where applicable) are available for the following EU countries:
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Austria
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Belgium
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Czechia
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Finland
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Germany
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Ireland
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Italy
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Netherlands
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Portugal
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Spain
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Sweden
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United Kingdom
Note:Starting January 1, 2021, businesses located in Great Britain are no longer required to submit the EU Sales List. However, it's still required for businesses located in Northern Ireland.
The EU sales list report for the other EU countries is a standard report but with all the key information in it.
To understand how to use the EU sales list reporting features, read the following topics:
For information about localized EU sales list reports, read the country-specific tax topics.
For some countries, the generated EU sales list report can be submitted to tax authorities. Before generating a report to be used for electronic filing, you must set up your EU sales filing details. For more information about the electronic tax filing feature, see Electronic Tax Filing Using NetSuite.