EU VAT explained
VAT is charged to EU customers upon buying goods and/or services. Hungary has the highest standard VAT rate in the EU at 27 percent, with Croatia, Denmark, and Sweden all having a rate of 25 percent. The lowest standard VAT rate is in Luxembourg at 16 percent, succeeded by Malta at 18 percent and Cyprus, Germany, and Romania each at 19 percent.
EDIS charges VAT based on your place of residence. In Cyprus for example, a rate of 19% is applied. Within the EU, the standard VAT rate applicable in your place of residence (the one you indicate when ordering) is charged.
If your residence is outside the EU or in areas of the EU with special territorial status, no VAT is added to your invoice.
EDIS calculates VAT based on your company's registered address. Companies based in Cyprus are charged a 19% VAT rate. Within the EU, the VAT rate common at your company's location is applied. If your company is located outside the EU or in areas of the EU with special territorial status, no VAT is charged. Companies based outside of Cyprus, but within the European Union and possessing a valid EU VAT Identification Number (EU VAT ID) are supplied net, under the "reverse charge" mechanism. Non-Cyprus companies located within the EU but without a valid EU VAT ID are charged the common VAT rate of their company's location. They have the option for a full input tax deduction in their accounting.
