Our Story
Singularity GmbH is a reputable tax advisory firm based in Germany that assembles the best local and international experts and consultants. We have been providing professional services, especially in Germany, the EU, and beyond, for more than two decades, and our services are now complete to serve your needs. We are immensely proficient in handling matters of German Value Added Tax or VAT.
Our focus is long-term business partnerships and creating an exciting working climate by offering tailored added-value solutions. Organized in leading office addresses in all the major centers of the European continent and the Middle East, our teams are committed to working passionately and relentlessly for our clients.
Since our company is young, it focuses on strict compliance with ethical norms, active use of recent advances in business and technical innovations, and adapting the organization to modern consumer preferences. Some achievements include many victories, overall customer satisfaction, and the capacity to work with companies of different sizes and industries.
Tax advisory remains another area we offer at Singularity GmbH: corporate tax advising, personal tax advising, and other international tax strategies. This means that our team works with the current tax law and regulatory framework to ensure the clients get the best advice. The firm also has specialized services and focus areas: transfer pricing, tax audit defense, and cross-border tax structuring to assist businesses with complicated international tax systems.
Singularity is one of the most renowned VAT compliance and registration specialists for all the EU nations. We provide clients with a wide range of services that would help them deal with such a critical area of taxation as VAT and stay legal. Based on Singularity's interactions with various clients from different parts of the world, the company specializes in managing the complexity of VAT legislation so that it does not catch up with clients penalizing them for incorrect tax positions. Essentially, Singularity's selling point is the ability to present solutions that help companies register for VAT in an easy and smooth way.
VAT registration is one of Singularity's primary services. Regarding VAT numbers, we help receive them in several EU countries while strictly following the state's legislation. Our personnel undertakes all the legal formalities involving tax issues and interaction with the taxation bodies corresponding to our clients. This service is beneficial, especially for firms involved in cross-border trading, since it helps them observe the set VAT laws and regulations and, in the process, continue with their business in the EU market.
Besides registration, Singularity also continuously offers VAT compliance services to the client company. These involve filing VAT returns, keeping records, and making appropriate payments. Our timely approach helps organizations be ready for legal demands, thus minimizing the likelihood of failure. A clear understanding of the client's business needs coupled with elaborate knowledge of EU VAT laws enables Singularity to offer advisory services to assist the client in reducing their VAT cost and consequently getting the most of their cash.
The company also provides VAT consulting services for specialized industries. We give information on ways of maximizing VAT revenues, planning for cross-border VAT, and dealing with risks arising from VAT. The consulting offerings of the firm always involve problem-solving and focus on the client's needs, whether it is handling cumbersome transactions or grasping the implications of changes in VAT regulatory laws or audits. With the help of a large amount of experience and detailed knowledge of the European market, Singularity helps companies make the right decisions to remain competitive.
VAT, also known as Value-Added Tax, is a consumption tax charged at every stage of production, distribution, or supply of goods and services. It is computed in each step and depends on the product's price or the provided service. Maintaining VAT compliance entails forwarding VAT returns to the appropriate taxation bodies within some stipulated guidelines that rely on the characteristics of the trading company as well as the size of the business.
In a nutshell, VAT compliance entails staying up to scratch with the requirements for filing and reporting an entity's VAT returns by the required deadlines awarded by the relevant VAT authority. This enables the formulation of the correct tax amount collected and paid by any business at every point in its operations.
VAT control entails exercising a lot of care and ensuring proper documentation of all transactions under the VAT bracket. This involves retaining invoices, receipts and other account books used in the recording of VAT charged and VAT paid. To manage this, businesses have to realize that the accounting systems in use have to come up with provisions for VAT and be able to produce the required reports.
There are variations in the percentage of VAT for every country and some limitations while entering a foreign country; therefore, it is essential to be conversant with the country's legislation. The second level of complication is that some jurisdictions provide standard, reduced or zero rates or exemptions on some goods and services.
Most VAT rules must be followed to avoid stiff penalties, including fines and, in some extreme cases, legal proceedings. Consequently, businesses should always be aware of the contemporary changes in the rules and regulations concerning VAT. It thus pays to conduct or carry out periodic audits and reviews of the established VAT processes to pinpoint any prevalent process anomalies or alleged VAT noncompliant status.
On the other hand, indirect representation customs delegates all the rights and obligations to the representative handling all the necessary procedures. Such an approach is commonly used when the importer needs a residency in the targeted market; it can also be used when the issue of clearing customs may entail several difficulties. The representative will act as an agent of the company when importing goods by taking full responsibility for the duties, taxes, and penalties accrued. Judging from the above rationale, this method can afford the importers more assurance since the representative deals with the authorities at the customs and faces any hurdles.
The customs in the EU can be very volatile, bearing unpredictable risks, fees, and duties in many instances. EU has strict rules governing the discharge of its member states' products that differ with every country; hence, there is a need to understand the customs laws and practices of the country of destination. Therefore, classifications, valuation, and origin can change any country's importation course. Also, they must understand certain smart documents that enhance automated custom clearance UK, such as certificates of origin, commercial invoices, packing lists, etc.
The legal translation services as indirect representation are available in Germany, the United Kingdom, and other EU countries. Our staff's extensive experience in managing customs formalities guarantees that our clients can focus on their primary business processes. To register for our services, you must meet the following criteria:
Link the shipper with Singularity GmbH's address to the EU country with a valid EU EORI number. This particular code plays a vital role in the customs procedures within the EU so that all transactions are correctly recorded and traced.
Specifically, it is necessary to identify the correct VAT number for the country of destination relating to the shipper's commercial activity. It is essential for the non-equity compliance of local taxation norms and standards and is helpful in the proper computation of the VAT on imported products.
Be legal and follow all the necessary laws; give a security deposit or security guarantee. This step is important in covering any liabilities or duties that may occur within the import chain while protecting your business and our services.
Our tax experts can tailor solutions for your business needs. Contact us by filling out the form below.
Here is a set of aims and objectives we believe only Singularity's team can deliver competently. Of course, when using Singularity's services, questions may appear concerning our services, ideas, and ways of improving the partner's success. If you do not find the answer to your question here, do not hesitate to contact us; we will be glad to help you!
Singularity GmbH is an international affiliated company devoted to offering assistance with VAT issues for its partners across all European Union member states.
Regarding taxes, Singularity offers tax compliance and registration in all countries in the European Union.
Our VAT services entail registration, compliance, reporting, and advisory to enable organizations to fulfill their VAT obligations efficiently through Singularity GmbH.
Companies based in or planning to set up in EU customs and markets can leverage Singularity GmbH's focused VAT services to meet VAT standards and enhance VAT controls.
First, you can make a request on the official website of Singularity GmbH or call and leave a message or email. We will then schedule a meeting where our experts will meet you, understand your VAT requirements, and discuss how we can help.
