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Author Topic: Symbiostock and Compliance to (EU) tax Laws  (Read 3111 times)

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« on: January 24, 2014, 21:08 »
+1
We've just started with building a symbiostock site, and ran in to an issue with the current  (pretty lean) registration and login pop up screen. It doesn't comply with EU tax laws, as it lacks, at least, the following information details:

- No company details
- No Chamber of Commerce numbers
- No VAT numbers
- No identity verification?

Then there are (a minority, i presume) of personal-use clients, for which the current system is sufficient.

I think a system, which allows a business client to fill in a complete profile is extremely important for the success of the symbiostock network. Especially if a centralized login can be implemented as well.

Also, creating a plugin which adds a VAT percentage to the sales price, based on a client's location, is essential. It'll open a business market, as it will allow them to deduct VAT from their purchase.

I'd like to probe you about your local tax requirements, in order to find a common denominator  or symbiosis (pun intended) - about your national tax requirements. 

For us, the Dutch tax laws apply. This means:
- For all sales from the Netherlands, we need to add a 21%VAT.
- For all sales from within the EU, a 0% tax applies, only if it's a business, and all business details (Spokes person, address and contact details, Chamber of commerce details as well as VAT numbers) are known, and displayed on a printed / printable invoice.
- I need to ask our tax guy about specifics about all sales outside the EU.

In order to access what changes are needed to the client registration, as well as  to the file-pricing part of symbiostock, I think it's useful to create an inventory of as broadly as possible.

So:

What client information do you need to properly report taxes (if any), regardless of where you live?
What changes to the current symbiostock theme would be required to meet those requirements?

From what I've seen about the Symbiostock network so far, I don't think it'll be an easy hack, but if successfully and effectively implemented, it might provide a significant added value. Most of our clients require a proper invoice, so a PDF printable / downloadable receipt will also be necessary :)

See also http://www.symbiostock.org/community/viewtopic.php?p=6619


« Reply #1 on: January 25, 2014, 01:21 »
0
what might help would be linking the EU required info to sites using euros or gbp as currency

I don't think there are any VAT requirements for sales from US sites  -- I know that my EU customers don't pay VAT when they buy on amazon or ebay

I've added this to the suggestions list I maintain for symbio development

steve


 

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