EFA

European Finance Association

Notes on VAT for EFA membership

  • VAT at 21%will be applied on fees for all private individuals.
  • VAT at 21%will be applied on fees for all members residing in Belgium.
  • If payment is through a bank account of a registered company / institution with a valid EU VATnumber, the EU reverse charge mechanism will be applied.
  • For payments received from bank accounts of all businesses / institutions outside the EU, VATis not applied.

ConfTool – Select the VAT regime for the invoice

You have three regime options in ConfTool:

Payment and Invoicing VAT charges
Academic institution The membership fee is paid or reimbursed via your academic institution. Invoice will be addressed to the institution.
  • When a valid EU VAT number is given, no VAT charges.
  • Non-EU institution, no VAT charges.
  • users residing in Belgium, VAT charges apply.
Company The membership fee is paid or reimbursed via your company/business. Invoice will be addressed to the company/business.
  • When a valid EU VAT number is given, no VAT charges.
  • Non-EU institution, no VAT charges.
  • users residing in Belgium, VAT charges apply.
Private individual The membership fee is paid by the user. The invoice will be addressed to the individual.
  • VAT charges apply.

 

For EU Institutions- Enter a valid VAT number

For institutions located within the European Union (EU), please provide a valid EU VAT Identification Number; in this case, the invoice will be issued without VAT.

Attention:

  • Please do notenter a personal national tax number.
  • If you do not enter a valid VAT number, VAT will be automatically charged.
  • The VAT number must include the country codeto be valid. Example: BE12345678.