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VAT and Foreign Countries

Updated yesterday

TERAS automatically keeps track of whether VAT should be applied to a foreign subscription or not. This is based on the country specified in the subscriber’s delivery address.

The rules are as follows:

  • Within the EU, VAT is applied to subscriptions unless a VAT number is entered (i.e., the subscriber is a business). Entering the VAT number is an absolute requirement in order to be exempt from VAT.

  • Outside the EU, subscriptions are not subject to VAT.

Additionally, within the EU, if your turnover exceeds €100,000 (€35,000 in some countries), you must register for VAT in that country and charge the local VAT rate. Otherwise, Danish VAT is applied.

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