Get your multicurrency account with WorldFirst today!

We’d like to share an important update about how VAT and tax-related payments will be handled going forward with AVASK.

This change is designed to make things safer and simpler for you, while ensuring your business stays fully compliant with EU tax regulations.

In some countries, such as France, Italy, Spain, and Germany (for EPR purposes) - AVASK may act as your intermediary or Fiscal Representative. 

Under these arrangements, joint and several liability rules apply, meaning that if a payment is missed or incorrectly allocated, AVASK could be held responsible for the unpaid tax.

To keep everything running smoothly and protect both your business and ours, accurate payment traceability is now a regulatory and operational requirement.

Our team is here to guide you through any changes and answer any questions you may have.  If you need additional support after reviewing this article, please reach out to us.  We're always happy to help.

What's new?

This new structure will:

• Ensure your payments are directly traceable to your business;

• Minimise the risk of penalties from late or unidentified payments;

• Support timely reconciliation and reporting to the relevant tax authorities.

Common issues this resolves:

• Missing payment references delaying reconciliation;

• Bank deductions creating shortfalls, resulting in penalties;

• Delayed or misrouted payments affecting compliance.

   

Get started today

To setup your WorldFirst (or Zyla for our US Clients) account, please follow the three easy steps below.

Step 1: Register with WorldFirst

If your business is based in the US, please use: 

👉 Register here (Zyla - US Clients) 

If your business is based outside of the US, please use: 

👉 Register here (WorldFirst - Rest of World) 

If prompted, enter the invitation code: 11729.

Step 2: Review onboarding requirements

Before completing your registration, review the following documentation:

👉 Onboarding requirements 
👉 Onboarding guide (Company Account) 
👉 Zyla FAQ's 

Zyla is currently not available in New York and Nevada, and is available only for certain business types in Virginia.

Step 3: Fund your WorldFirst Account and make payments

Once you have completed account setup, review the following documentation:

👉 AVASK Payment FAQs (PDF guide downloadable at the bottom of the page)
👉 Top up your WorldFirst account  
👉 Convert funds to Euros  
👉 Pay AVASK directly via WorldFirst 
 

Important information

Make a note of the AVASK WorldFirst Account Numbers to make tax payments to the authorities, but please rest assured that the payment details within the AVASK client portal will be updated as normal:

If you encounter any issues during onboarding, the WorldFirst team is available to assist at: clients@service.worldfirst.com

This solution is the most effective way to ensure your payments are correctly identified by the tax authorities, helping you avoid costly penalties and maintain full compliance effortlessly. Plus, you’ll enjoy peace of mind, financial protection, and the added benefit of a multicurrency account!

Sign up today to make your operations smoother and more secure!