The economic stability of Central and Eastern Europe provides a solid ground for businesses to get into motion. The growth of most companies actively relies on the import or export of goods and services, but these actions call for an internal mechanism that ensures neutrality and a system that works in the interests of member states in all aspects of cross-border operations.
The current value-added tax system of the EU was built on this need and presently, member states are subject to regulations that, among others, avoid double taxation and require the taxes paid only on the value that is added at each stage of production and distribution.
To provide you with practical information on the matter, our experts prepared an interesting overview of the local VAT regulations from the Czech Republic, Hungary, Romania and Slovakia.
