What does a Fiscal Representative do?
Foreign sellers and companies are required to appoint a Fiscal Representative in certain countries. This representative is responsible for handling all tax-related tasks on their behalf. Additionally, they have the same rights as a foreign entrepreneur, including the right to submit applications.
Key Responsibilities of a Fiscal Representative
- VAT Registration – Registering the company for VAT purposes.
- Tax Compliance – Ensuring the submission of VAT returns, declarations, and reports.
- Record-Keeping – Maintaining proper documentation in compliance with tax regulations.
- VAT Returns – Preparing and submitting VAT returns to the tax authorities.
- Recapitulative Statements – Filing required reports for intra-community transactions.
To carry out these responsibilities, a fiscal representative uses an additional VAT identification number. Their role is to act as an intermediary between the foreign business and the local tax authorities. Typically, fiscal representatives manage multiple companies simultaneously.
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verified - 22.01.2025 - EA
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