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Step 2. Bank guarantee

Avalara may require fiscal representation customers to provide a bank guarantee to be held as a security deposit. This is usually calculated as a quarter of the annual VAT liability for the country in which Avalara will be acting as your fiscal representative, but it may vary.

The bank guarantee will usually be held by Avalara but in some countries, such as Belgium, it must be deposited with the tax office.

 

Next > Step 3. VAT registration

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