VAT advice / Cyprus company - EU customers

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Lore72

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Jul 20, 2022
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We launched a small CSGO case opening website & currently profit around 200K euros per month.

We do about 200-300k euros in crypto "sales/deposits" per month currently with about 25% of that being from customers inside the EU.

We tried to get a vat specialist to help us but they just concluded we would be liable to pay the VAT for any sale by a customer made in the EU.

Is there any way to avoid paying VAT legally via some corporate structure or some loophole?

Obviously, we don't want to break any laws or do any tax evasion?
 
The VAT specialist is right.

No. Don't mess with VAT.

If you remain small and under the⁤ radar, you could offer services through a non-EU company instead. Even non-EU companies must comply⁣ with EU VAT rules when selling to EU customers, though, so it wouldn't be technically⁢ legal. However...
Good, then pay VAT.
 
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