MicrostockGroup
Agency Based Discussion => General - Top Sites => Topic started by: KnowYourOnions on December 18, 2014, 06:29
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For all B2C products in the telecommunications, broadcasting and e-services space - instead of paying the VAT in the country where your company is registered, it will now need to be paid where the consumer resides (If they are from the EU).
http://www.arcticstartup.com/2014/12/16/eu-vat-changes-can-kill-your-startup (http://www.arcticstartup.com/2014/12/16/eu-vat-changes-can-kill-your-startup)
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Sounds crazy. Honestly, I do not know what to say or how to react. We do not have access to the information whoom to were our pictures sold. And if we were to pay individual VAT to each country... It would completly destroy the business...
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With PayPal you can get the buyer country through the API call, and based on that you can apply the correct VAT
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http://www.theguardian.com/small-business-network/2014/nov/25/new-eu-vat-regulations-threaten-micro-businesses (http://www.theguardian.com/small-business-network/2014/nov/25/new-eu-vat-regulations-threaten-micro-businesses)
http://chrislema.com/vat/ (http://chrislema.com/vat/)
Those links came from another poster in the Envato forum thread about the changes they're making. It isn't as simple as just charging the VAT based on the country from which the buyer is shopping, you would also have to make the VAT payments (and file forms) to each of those countries. That's just insane and certainly (as a US seller) something that makes selling though your own site to anywhere in the EU a real headache.
I'm already thinking of leaving Photo Dune rather than dealing with the hassle of their new world order where your "income" is some large amount of money you never see from which you subtract author fees and buyer fees to arrive at the actual amount of money you received from Envato - it's not enough money to make the tax paperwork worth it if it goes ahead as they're suggesting.
Based on the above, I wonder if other agencies will be starting something similar.
It makes it clear why EU bureaucrats have a bad reputation....did anyone think through just how complicated this makes things?
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A minor detail:
AFAIK, This new law applies to when you're buying something as an EU consumer from a business, also located in the EU. VAT regulations on B2B purchases are unchanged.
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How do I know if someone who is purchasing an image through an automated delivery system, if they are a private person or a legal entity?
Jo Ann, if that is true, about having to pay VAT to individual countries, then I am going to close shop.
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AFAIK, This new law applies to when you're buying something as an EU consumer from a business, also located in the EU. VAT regulations on B2B purchases are unchanged.
Yes US (eg) sites already needed to add VAT at the various different rates. Because EU business customers of (eg) US sites typically need to demonstrate that VAT had been paid when doing their accounts - which is why US stock sites add VAT charges to EU customers.
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this is my main problem that keeps me from selling direct. I really don´t have the time and energy to follow the complicated eu vat system and changes. I´ll happily pay an agency to handle these things for me.
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Those links came from another poster in the Envato forum thread about the changes they're making. It isn't as simple as just charging the VAT based on the country from which the buyer is shopping, you would also have to make the VAT payments (and file forms) to each of those countries. That's just insane and certainly (as a US seller) something that makes selling though your own site to anywhere in the EU a real headache.
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It makes it clear why EU bureaucrats have a bad reputation....did anyone think through just how complicated this makes things?
I wonder how you charged VAT in the past if you are a US seller. Because factually you already had to do that - you know that, right? Those laws are in place since 2003, and they do not really change for non-EU businesses. ;)
But here is a hint: The new rules (just like the old rules) only apply if you deliver electronic goods to consumers in EU countries. I assume that a large majority of image licensees are factually businesses and not consumers. If you are delivering your product to a business, the receiver is still responsible for the VAT administration.
Therefore, the main thing you need to do is to make sure that you are delivering only to businesses. You can do that by asking for their EU VAT registration number. Any VAT registered business in the EU does have one, so if they can provide it you have enough proof that you are delivering to a business and need not to worry.
ETA: Just in case you are planning to sell to consumers as well - for non-EU businesses there is a simplified process that allows you to apply for a special scheme in a country of your choice and make a simplified VAT accounting quarterly with that country only. It only gets complicated when you start selling for more than €10.000 into one other EU country annually. At that stage you should be able to afford a local tax accountant.
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The new rules (just like the old rules) only apply if you deliver electronic goods to consumers in EU countries.
Surely that depends on whether the client business is registered for VAT ? In some countries thresholds and exceptions apply/applied. So small turnover businesses may not be registered but then need to be charged. No ?
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The new rules (just like the old rules) only apply if you deliver electronic goods to consumers in EU countries.
Surely that depends on whether the client business is registered for VAT ? In some countries thresholds and exceptions apply/applied. So small turnover businesses may not be registered but then need to be charged. No ?
Read the comments after the Commissioners statement - and weep
https://ec.europa.eu/commission/2014-2019/ansip/blog/euvat_en
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The new rules (just like the old rules) only apply if you deliver electronic goods to consumers in EU countries.
Surely that depends on whether the client business is registered for VAT ? In some countries thresholds and exceptions apply/applied. So small turnover businesses may not be registered but then need to be charged. No ?
Read the comments after the Commissioners statement - and weep
https://ec.europa.eu/commission/2014-2019/ansip/blog/euvat_en
Such a great link and comments too - thanks for sharing thesentinel!
We should hope that agencies we submitted our work to do comply with these new EU rules, OR maybe we should ask them directly prior to joining their long curatorial lines.
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The new rules (just like the old rules) only apply if you deliver electronic goods to consumers in EU countries.
Surely that depends on whether the client business is registered for VAT ? In some countries thresholds and exceptions apply/applied. So small turnover businesses may not be registered but then need to be charged. No ?
Well. Not sure if that holds true for every EU country but where I live it's if you're not registered for taxes, you're not running a business. For "small turnover" there are special rules that allow them to operate without the VAT administration but in that case you are treated like a consumer in the VAT aspect, true.
So technically it is possible for someone to claim that they are running a "business" but if they have to EU VAT ID to confirm their status, I have to charge them VAT as consumers.
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The new rules (just like the old rules) only apply if you deliver electronic goods to consumers in EU countries.
Surely that depends on whether the client business is registered for VAT ? In some countries thresholds and exceptions apply/applied. So small turnover businesses may not be registered but then need to be charged. No ?
Read the comments after the Commissioners statement - and weep
https://ec.europa.eu/commission/2014-2019/ansip/blog/euvat_en
Such a great link and comments too - thanks for sharing thesentinel!
We should hope that agencies we submitted our work do comply with these new EU rules, OR maybe we should ask them directly prior to joining their long curatorial lines.
I'm following this due to the music downloads I'm involved with my band, as far as stock is concerned our main agencies should be dealing with this should have no consequences for us but any EU based member selling directly or by using symbiostock etc, needs to be aware of this - though it is quickly changing situation and seems to be interpreted in different ways by different countries. I would imagine some sort of moratorium being announced after the late in the day publicity this is now getting - fingers crossed.
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So technically it is possible for someone to claim that they are running a "business" but if they have to EU VAT ID to confirm their status, I have to charge them VAT as consumers.
I suspect that the arrogant EU technocrats simply cannot believe that many perfectly viable small businesses are one person operations with a turnover small enough to make them exempt from the requirement to register for VAT - and they have previously done their own accounting etc.
For example, this article (http://www.theguardian.com/small-business-network/2014/dec/08/new-vat-regulations-affect-smes) at The Guardian (by Carol Tricks - partner at tech City law firm Temple Bright) explains how the poorly drafted and badly implemented EU legislation will negatively affect many small companies in the UK.
The effect of this legislation will be to restrict economic growth. IMO the EU needs to be reinvented as a tax competitive free trade area - instead of designing legislation which favour corporations and makes trade more complicated for everyone else.
ETA: and we're broadly pro EU here btw. So goodness knows how this mess is going to be interpreted by those who are anti EU. It's an own goal for the EU.
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Q&A - ALL here!
https://taxes.recurly.com/vat/faq
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Last nail for my Symbiostock.. I will close my site.
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The reason that the EU has this VAT tax is that it is a tax on the individual (companies claim the tax back) they have it as they are unable or unwilling to tax large corporations.
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Last nail for my Symbiostock.. I will close my site.
I did keep warning in 2013 that the VAT issue needed addressing (and continually got voted down for trying to point it out)
eg http://www.microstockgroup.com/symbiostock-general/symbiostock-script-vat-tax-question/25/ (http://www.microstockgroup.com/symbiostock-general/symbiostock-script-vat-tax-question/25/)
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"Mini One-Stop Shop...MOSS" might be solution.
http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/telecom/index_en.htm (http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/telecom/index_en.htm)
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What if you are not VAT eligible? Some countries offer a VAT free threshold for businesses. You are exempt from collecting VAT below a certain amount of revenue per annum.
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What if you are not VAT eligible? Some countries offer a VAT free threshold for businesses. You are exempt from collecting VAT below a certain amount of revenue per annum.
Yes, for non-EU entity in the UK, if your VAT taxable turnover is more than £81,000 (the ‘threshold’) in a 12 month period you got to pay taxes and have 30 days to do so, once you go over this amount.
https://www.gov.uk/vat-registration/when-to-register (https://www.gov.uk/vat-registration/when-to-register)
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I meant for EU businesses. What if you are EU business, and are exempt from VAT? Does this EU law apply then?
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What if you are not VAT eligible? Some countries offer a VAT free threshold for businesses. You are exempt from collecting VAT below a certain amount of revenue per annum.
Yes, for non-EU entity in the UK, if your VAT taxable turnover is more than £81,000 (the ‘threshold’) in a 12 month period you got to pay taxes and have 30 days to do so, once you go over this amount.
https://www.gov.uk/vat-registration/when-to-register (https://www.gov.uk/vat-registration/when-to-register)
The VAT on digital sales to EU countries will kick in from January 1st and has to be applied REGARDLESS of the vat threshold in your country. You have to register with your countries VAT MOSS ("Mini One Stop Shop ')scheme, you have to charge the recipent VAT at the rate that applies in their country. You have to have two agreeing and verifiable pieces of evidence of the country in which the purchaser resides. You have to keep this record for each sale for 10 years and do your VAT MOSS return quarterly ( in the UK at least)
Here is a link to a UK Facebook page on the matter
https://www.facebook.com/groups/DigitalVAT2015/ (https://www.facebook.com/groups/DigitalVAT2015/)
It is a clusterf**k of massive proportions
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Read the comments after the Commissioners statement - and weep
https://ec.europa.eu/commission/2014-2019/ansip/blog/euvat_en
That would be funny if it weren't so scary...
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Hi all, its a sad reason to return here, but I have to disable my sales section on my symbiostock site as there is no way I can comply with the new EU VAT legislation unless someone can offer me a workaround. Who else with a symbiostock site keeps selling images to EU customers after 1 Jan, and how do you go comply with the new EU VAT rules?
Thanks,
Ron
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My site is not really active (I haven't had any time to devote to it in the last several months) but I'm thinking of just putting something on the front page saying something like "I'm very sorry, but this site is unable to process sales to customers in the European Union because of complex tax requirements".
I don't have any software solution to stop someone from buying, but it would alert an honest customer that they couldn't do business safely there. I realize that it's more pressing for EU residents that for US residents like me, and Leo did reappear to say there was something coming for VAT support, but I haven't the inclination to get involved with another roller coaster ride at present :)
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Maybe through integration of the payment system Leo can block customers from the 27 EU countries from purchasing an image and instead have a pop up appear with the warning. Thanks Jo Ann, sounds like an idea.
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I've added the text to my home page. Possibly the EU will change, but I'm not worried about blocking anyone - if they buy in spite of the notice, I'm not going to worry.
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My site is not really active (I haven't had any time to devote to it in the last several months) but I'm thinking of just putting something on the front page saying something like "I'm very sorry, but this site is unable to process sales to customers in the European Union because of complex tax requirements".
I don't have any software solution to stop someone from buying, but it would alert an honest customer that they couldn't do business safely there. I realize that it's more pressing for EU residents that for US residents like me, and Leo did reappear to say there was something coming for VAT support, but I haven't the inclination to get involved with another roller coaster ride at present :)
JoAnn, if you are located in the US, does this even affect you? If European buyer dl one of your images, what can EU do about it? Will they really waste time to come after small website owners in non-EU countries like US?
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My site is not really active (I haven't had any time to devote to it in the last several months) but I'm thinking of just putting something on the front page saying something like "I'm very sorry, but this site is unable to process sales to customers in the European Union because of complex tax requirements".
I don't have any software solution to stop someone from buying, but it would alert an honest customer that they couldn't do business safely there. I realize that it's more pressing for EU residents that for US residents like me, and Leo did reappear to say there was something coming for VAT support, but I haven't the inclination to get involved with another roller coaster ride at present :)
JoAnn, if you are located in the US, does this even affect you? If European buyer dl one of your images, what can EU do about it? Will they really waste time to come after small website owners in non-EU countries like US?
Technically, I would be required to do all the paperwork and submit to the various countries the buyers were identified in - it's where they are, not where I am, that matters. But in practical terms I can't imagine anyone would bother. With a statement, I can at least be considerate of any EU buyers who wouldn't want to get themselves in trouble with their local taxing authorities.
On the other hand, if the authorities were practical and thoughtful, they wouldn't have created this disaster for small companies when they were really going after amazon and the biggies dodging high VAT locations in the first place. Not to mention they wouldn't have that problem if they had common tax rates accross the EU... but I digress :)
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The removal of minimum revenue thresholds in the new VAT collection scheme is definitely a pain and potentially a big blow to microbusinesses everywhere, but I would not be suprised to see the minimum revenue thresholds reinstituted by the EU in the coming months due to public pressure. Even so, the draconian data retention and purchaser identification requirements alone are enough to sink the whole thing on privacy concerns and easily justify non-compliance for sellers outside the EU.
If you are a non-EU individual seller, a brief warning on the checkout screen to indicate that you do not collect VAT, somewhat like Jo Ann has suggested, should be sufficient for now until the situation has been clarified by the EU commission and your local government (but obviously, consult your own lawyer).
Projecting this into the future: the current inconvenience caused by the EU's decision to require taxing online digital purchases at the buyer's location rather than at the seller's is nothing compared to what could happen if the United States and the rest of the world decides to play along. 28 VAT zones from the EU? Meet 10,000 sales tax districts from the USA alone.
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i'm very positive about this as the actual e-commerce laws are totally wild west !
besides, i can't wait for this to hit bloggers and freetards in their as-s, they will now have to pay just in order to exist and will realize nothing is free in this world especially stolen images !
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i'm very positive about this as the actual e-commerce laws are totally wild west !
besides, i can't wait for this to hit bloggers and freetards in their as-s, they will now have to pay just in order to exist and will realize nothing is free in this world especially stolen images !
Agreed!
We might also find out soon how many agencies on the "Microstock Poll Results" list will get affected with this.
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Will this affect sites like Shutterstock, Istock and others?
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We might also find out soon how many agencies on the "Microstock Poll Results" list will get affected with this.
it's a matter of accountability first and foremost.
if i sell you something from abroad and it's a total scam you're pretty much defenceless unless you've the money to hire a lawyer in my country of origin and sue me, that's never gonna happen for anything worth less than a few 1000s of euro.
there must be billions of euros scammed every year on ebay and on any medium/small e-commerce site, and apart for physical goods what about insurance, service, digital downloads ? you've no way to cover your as-s even if you're buying inside the EU from france to germany, no matter if the border is next door one hour drive from you.
as it is now, the EU is merely a banking union, anything else is still divided in monolithic states and micro-states, each one with different laws and again if you're a buyer you're F-ed in case in troubles.
with this law at least they're raising the standards a bit, not too much, but better than nothing.
if it forces micro agencies to raise the bar also on pricing i see nothing wrong, people should better get used to the idea that e-biz doesn't mean cheap biz just because it's digital !
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Will this affect sites like Shutterstock, Istock and others?
in the worst scenario they just open a rep.office in UK/Germany/France/Italy/Spain which are the top-5 markets in EU.
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Will this affect sites like Shutterstock, Istock and others?
in the worst scenario they just open a rep.office in UK/Germany/France/Italy/Spain which are the top-5 markets in EU.
so what you think does it means to us, contributors?
less earnings (taxes excluded from our payments)?
in some EU countries small businesses (earning less than for example 40k $ annualy) doesn't have to be included in VAT system...
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We might also find out soon how many agencies on the "Microstock Poll Results" list will get affected with this.
it's a matter of accountability first and foremost.
if i sell you something from abroad and it's a total scam you're pretty much defenceless unless you've the money to hire a lawyer in my country of origin and sue me, that's never gonna happen for anything worth less than a few 1000s of euro.
there must be billions of euros scammed every year on ebay and on any medium/small e-commerce site, and apart for physical goods what about insurance, service, digital downloads ? you've no way to cover your as-s even if you're buying inside the EU from france to germany, no matter if the border is next door one hour drive from you.
as it is now, the EU is merely a banking union, anything else is still divided in monolithic states and micro-states, each one with different laws and again if you're a buyer you're F-ed in case in troubles.
with this law at least they're raising the standards a bit, not too much, but better than nothing.
if it forces micro agencies to raise the bar also on pricing i see nothing wrong, people should better get used to the idea that e-biz doesn't mean cheap biz just because it's digital !
WELL SAID!...let's see who really cares about buyers and therefore contributors too.
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if it forces micro agencies to raise the bar also on pricing i see nothing wrong
I really hope you are right but unfortunately I think they will find this just as nice new excuse to lower contributor earnings.
sure I hope I'm wrong.
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Will this affect sites like Shutterstock, Istock and others?
in the worst scenario they just open a rep.office in UK/Germany/France/Italy/Spain which are the top-5 markets in EU.
so what you think does it means to us, contributors?
less earnings (taxes excluded from our payments)?
in some EU countries small businesses (earning less than for example 40k $ annualy) doesn't have to be included in VAT system...
Presumably the big companies will need to expand their accounting systems to cope with this.
At the moment, as I live in the UK, if I was going to buy a credit bundle on iS, I get a price, then the VAT is added on during the checkout procedure.
So we get the same amount as if we sold to the US, but the buyer has to pay VAT (and a currency hike).
Presumably this is the same procedure in all the big companies.
The costs of the new system could be considerable, but I've no idea whether they can be mitigated in some way.
Seems like typical EU bureaucracy gone wild, like in the early days. Sometimes the costs of operating them must outweigh the money raised, but I suppose it keeps people in jobs. ::) Sometimes the anomalies have been ridiculous, e.g. what counted as a 'cake' (no VAT) vs a 'biscuit' (UK usage, not US) (VAT payable).
So, before this when it was a generic EU VAT which was imposed, where did the revenue raised go to? EU funds to run the system of collection?
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...If you are a non-EU individual seller, a brief warning on the checkout screen to indicate that you do not collect VAT, somewhat like Jo Ann has suggested, should be sufficient for now until the situation has been clarified by the EU ...
Thanks for bringing up that the checkout page - for Symbiostock it's the cart page - should have a notice. I've added one there as well. Here's a screenshot of the two places I've added text, on the front page and the cart page. Click on the thumbnail to see full size.
(http://digitalbristles.com/temp/TNNo-VAT-notices.jpg) (http://digitalbristles.com/temp/No-VAT-notices.jpg)
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Will this affect sites like Shutterstock, Istock and others?
in the worst scenario they just open a rep.office in UK/Germany/France/Italy/Spain which are the top-5 markets in EU.
Offices everywhere is not needed.... MOSS is the solution.
The MOSS (mini one stop shop) is system introduced to avoid the necessity to register in each country in which you makes sales within the EU other than your own country of residence.
http://euvataction.org/key-facts/ (http://euvataction.org/key-facts/)
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Thanks for bringing up that the checkout page - for Symbiostock it's the cart page - should have a notice. I've added one there as well. Here's a screenshot of the two places I've added text, on the front page and the cart page. Click on the thumbnail to see full size.
I should first reiterate that I am not handing out official legal advice, and everyone should check this with their own financial and legal consultants. But it seems to me that this kind of notification works just fine temporarily over the next few months for non-EU sellers to at least indicate to buyers that there may be issues. The situation is fluid and there is still uncertainty about how seriously any government outside of the EU (and some inside) takes these changes to VAT collection requirements.
If the minimum VAT revenue thresholds that we have now are reinstated before the end of Q1 2015, which I think is a strong possibility, the issue will be moot for most individual sellers and small agencies (like mine). However, this could just be the tip of the iceberg as far as global taxation changes go over the next several years, so it definitely doesn't hurt to begin investigating options to deal with this properly.
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so what you think does it means to us, contributors?
less earnings (taxes excluded from our payments)?
in some EU countries small businesses (earning less than for example 40k $ annualy) doesn't have to be included in VAT system...
i think the obvious legal loophole could be to open a Swiss bank account and getting paid there, it's cheap and easy and you don't need to live/work in switzerland, once it's open you get a debit card and everything else will be done online.
another solution could be for agencies to start allowing payments in Bitcoins or other dodgy virtual currencies ?
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WELL SAID!...let's see who really cares about buyers and therefore contributors too.
the EU was a monster from the start, it was only designed as a banking union allowing people to freely move and work in the EU territory but apart from that they never even tried to unify the justice system, the armed forces, the legislation about commerce and e-commerce, it's a huge mess and nothing but a soup of dozens of states each one with different laws that clash against each other.
in some countries soft drugs are fully legal but if you cross the border you're going to jail ... in germany brothels are legal but in france now paying for sex is a crime .. one country can have a taxation of up to 45% while the other country next door is just 15-20% ..
on top of this each country has different laws regarding land/home property and of course each one has different policies about jobs, pension schemes, disability, welfare, healthcare, insurance, postal service, education, pretty much everything !
so, it's not surprising that now the Eurocrats are messing up with e-commerce as well, on top of single-country VAT laws you can expect different e-commerce laws coming in from each country, some will probably force you to have a VAT number even to open a blog, others will be totally liberal, it's going to be a mess as usual and as always the best place to stick with is the UK and Germany in my opinion.
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United States is no difference
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i think the obvious legal loophole could be to open a Swiss bank account and getting paid there, it's cheap and easy and you don't need to live/work in switzerland, once it's open you get a debit card and everything else will be done online.
another solution could be for agencies to start allowing payments in Bitcoins or other dodgy virtual currencies ?
don't know how serious or sarcastic you were in this post but there is a reason why small business are excluded for VAT in some European countries
if this move will get contributors earning less and less and agencies don't take this part as their expenses it looks like every few days there is news in which we contributors are more screwed
international stock photographer/illustrator union (syndicate) looks like something we all had to do long time ago...
i'm first who are willing to pay part of my earnings to be part of that union if it can participate in price/commision regulation and things like that
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United States is no difference
The US is completely different - you have no idea what you're talking about. Why would you even mention the US in a thread about European VAT anyway?
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"Why would you even mention the US in a thread about European VAT anyway?"
Because the VAT changes will affect US based companies who are selling to EU buyers.
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I know a payment processor that handles Vat and sales taxes on behalf of sellers of digital goods...
I don't know how it could be integrated to sell photos... But is worth checking out.
There is a company named Fastspring, based in California, and they are more popular with software publishers. Just google them. They handle vat, and sales taxes on behalf of sellers of digital goods and is something they have been doing for a long time.
They say they are registered with the EU.
Just throwing ideas out there....
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international stock photographer/illustrator union (syndicate) looks like something we all had to do long time ago...
years ago there was a SAA (stock artist alliance) but it was a joke.
unfortunately these poorman's "unions" are always irrilevant and eventually they could even turn into a scam over time, for instance asking some yearly fees to join their club that basically is doing F all apart sending a few emails, a newsletter, a blog.
and the reason is shockingly simple : unions work well with factories and employees, but we're into the selling of digital products and the internet so it's quite a different scenario, we've zero leverage, we're dime a dozen and they know it.
Just imagine Getty opening the doors to any poor *insult removed* on Flickr .. they would get thousands of fresh contributors willing to join even for free in just 24 hrs.
matter of fact, unless you're the undisputed King of your niche we need them more than they need us !
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I'm not against the EU per se, but these kinds of changes are ridiculous. Why bother businesses with a lot of extra administrative work for (smaller) businesses? I have no idea what benefits such a change brings.
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I'm not against the EU per se, but these kinds of changes are ridiculous. Why bother businesses with a lot of extra administrative work for (smaller) businesses? I have no idea what benefits such a change brings.
because the party's over, they reached the very end of the boom/bust cycle started in 1945, they cannot compete with the asian economies, they don't have anymore any tangible technological advantage, no unified military and defence forces, no oil and gas supplies and totally dependent on russia and middle east.
i mean seriously the situation is going ouf of hand even in germany from what i'm reading, as bad as there are already nazi parties and neo-communists on the rise out of desperation from unemployeds and anyone who see no hope at the horizon.
if germany falls, the whole EU ceases to exist and the entire continent will go back to a neo-feudalist economy which is probably their actual plan judging from all the recent developments and looking at how they turned greece into a third world country overnight with average salaries even lower than Turkey which by opposite is doing very well *because* it's not in the EU.
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I think you are being over dramatic Hobostocker - looking at the situation from an almost apocalyptic all or nothing perspective. Like the doomers, conspiracists and fringe economists who predict economic meltdown year after year (always trying to sell Bitcoins and gold :) )
Europe will muddle through. The same as ever. It's not a race, for most ordinary people. (And soon enough Europe will be buying gas from Israel and Egypt anyhow as the huge Mediterranean Leviathan fields come on stream.)
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Solution...looks good!
http://www.taxamo.com/ (http://www.taxamo.com/)
FEATURES
Applies correct EU VAT rate
Creates a quarterly EU MOSS return
Issues e-invoices
Securely stores evidence for 10 years
ECB currency conversion for EU MOSS
AND they have a Webinar on Monday Dec 22 for US Digital companies.
Questions will be taken live and can also be submitted in advance to [email protected]
http://www.taxamo.com/webinar-digital-sales-europe-2015-eu-vat-challenge/ (http://www.taxamo.com/webinar-digital-sales-europe-2015-eu-vat-challenge/)
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@ Hobostocker
Germany is fine. Unemployment is going down and much lower than in many other countries, people are highly educated and a lot of our energy comes from home grown eco friendly wind/water/solar. It creates jobs in Germany,drives new technologies that can be sold abroad and makes us independent from crazy countries. Also our economy is 70% middle class businesses with a huge variety of services and technology,so we don´t depend as much on a few superlarge cooperations.
Plus people are really good at insulating homes,buying cars that use little gas or foregoing their cars completely,because we actually have a fully working public transport infrastructure. I sold my car in 2009, haven´t needed one since.
We hate taking loans and are careful with credit cards and people plan their financial lives very carefully.
So I know we love to complain and it might all look depressing from the outside, but this is overall a very safe and friendly place to live.
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@ Hobostocker
Germany is fine. Unemployment is going down and much lower than in many other countries, people are highly educated and a lot of our energy comes from home grown eco friendly wind/water/solar. It creates jobs in Germany,drives new technologies that can be sold abroad and makes us independent from crazy countries. Also our economy is 70% middle class businesses with a huge variety of services and technology,so we don´t depend as much on a few superlarge cooperations.
Plus people are really good at insulating homes,buying cars that use little gas or foregoing their cars completely,because we actually have a fully working public transport infrastructure. I sold my car in 2009, haven´t needed one since.
We hate taking loans and are careful with credit cards and people plan their financial lives very carefully.
So I know we love to complain and it might all look depressing from the outside, but this is overall a very safe and friendly place to live.
Bravo cobalt
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@ Hobostocker
Germany is fine. Unemployment is going down and much lower than in many other countries, people are highly educated and a lot of our energy comes from home grown eco friendly wind/water/solar. It creates jobs in Germany,drives new technologies that can be sold abroad and makes us independent from crazy countries. Also our economy is 70% middle class businesses with a huge variety of services and technology,so we don´t depend as much on a few superlarge cooperations.
Plus people are really good at insulating homes,buying cars that use little gas or foregoing their cars completely,because we actually have a fully working public transport infrastructure. I sold my car in 2009, haven´t needed one since.
We hate taking loans and are careful with credit cards and people plan their financial lives very carefully.
So I know we love to complain and it might all look depressing from the outside, but this is overall a very safe and friendly place to live.
How do you stand with evictions numbers and what % of people actually own their own homes ? Lets compare that with stats from 15 years ago ?
To save some time take this image go to menu/edit/flip horizontal and you will and up with some nice artistic symmetry ;)
(http://cdn4.spiegel.de/images/image-408913-galleryV9-kktn.jpg)
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Germany is fine. Unemployment is going down and much lower than in many other countries, people are highly educated and a lot of our energy comes from home grown eco friendly wind/water/solar. It creates jobs in Germany,drives new technologies that can be sold abroad and makes us independent from crazy countries. Also our economy is 70% middle class businesses with a huge variety of services and technology,so we don´t depend as much on a few superlarge cooperations.
Plus people are really good at insulating homes,buying cars that use little gas or foregoing their cars completely,because we actually have a fully working public transport infrastructure. I sold my car in 2009, haven´t needed one since.
We hate taking loans and are careful with credit cards and people plan their financial lives very carefully.
So I know we love to complain and it might all look depressing from the outside, but this is overall a very safe and friendly place to live.
Must be another Germany where I live 8) ;D
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While there are certainly good aspects in the EU, it became an instrument for financial control along with the bank-controlled US, taking away power from the countries by applying unified measures against their own people, for example open immigration policy for non-EU countries - lowering wages, increasing unemployment and rising social welfare costs for the sake of economic growth.
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Topic: EU VAT Changes from January 2015! ALERT
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Looking at it from a symbiostocker's perspective, I can see at some point paypal starting a service to handle VAT on sellers' behalf..
That would be a smart move for them..
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Looking at it from a symbiostocker's perspective, I can see at some point paypal starting a service to handle VAT on sellers' behalf..
That would be a smart move for them..
Yes, it would be logical that since there's demand for something like that Paypal and other payments gateways would start offering paid services to simplify the mess but so far i haven't heard any news, i think they're all waiting to see what's going to happen in the first months, as much as we know the EU could even trash the whole affair when they realize the cost/benefits involved are over the top.
In any case, it won't solve the core issues : american companies like Amazon and Goolgle are dominating their market and giving back to the EU while making billions in sales and advertising inside the EU and this wouldn't be tolerated in the US or China so why the EU should be an exception ?
Moreover, they're all based in Ireland just because of low taxation so once again Ireland get some scraps out of it and anyone else get nothing, just as Facebook and Google setting up in Delaware to enjoy the well known legal loopholes and favourable taxation but keeping their HQ in California giving just the absolute minimum necessary back to California.
I'm the last one in favor of over taxation actually i would go the way taxes are done in places like HongKong, Singapore, Panama, but we all know it can only work for small tax havens and not in big countries.
Moral of the story : the internet will soon be crippled and each country will impose draconian laws on e-commerce, it's a matter of when and not of IF, the days of the internet as a wild west are numbered and soon even buying some sh-it on Ebay will be seen as illegal smuggling, that's where all this tax-centric ideology is leading to.
And you know what, from a legal perspective they're 100% right, the problem is that this will badly affect society as a whole ... higher prices, higher taxes, higher inflation, less choice, less rights, more and more red tape.
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Must be another Germany where I live 8) ;D
that's normal.
all the economic indicators are leading to a very negative trend and negative outlook across the entire EU and including Germany but unless somebody comes and sh-its in their little garden they won't ever notice or care ....
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I think you are being over dramatic Hobostocker - looking at the situation from an almost apocalyptic all or nothing perspective. Like the doomers, conspiracists and fringe economists who predict economic meltdown year after year (always trying to sell Bitcoins and gold :) )
Europe will muddle through. The same as ever. It's not a race, for most ordinary people. (And soon enough Europe will be buying gas from Israel and Egypt anyhow as the huge Mediterranean Leviathan fields come on stream.)
i'm just being realistic and by the way while you laugh at the so called "conspiracists" they were the only ones openly warning investors before the 2008 crash and burn, the 2001 dot-com boom, the foreclosure bubble, and many more cases.
the scary thing about the ongoing economic crisis in the EU is that it's been carefully planned by the EU itself as way to further their domination plan, it's not the result of unplanned economic strategies, nothing is going in the wrong direction, there's nothing to "fix" !
it's all going exactly as they agreed on their agenda and the next step will be the Trans Atlantic Trade and Investment Treaty (TTIP) which nobody wants apart the eurocrats and the bankers but it will be soon forced down everyone's throat may they like it or not.
on top of this we're been thrown into a new cold war with Russia with disastrous consequence for everybody not only in the EU but also abroad and this touches me personally as i happily live abroad and i can already the immediate consequences of all this on imported products, tourism, and much more.
America is to blame and it will soon fall.
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but this is overall a very safe and friendly place to live.
sure but not any longer if Nato's anti-russian plan is pushed further and if millions of people start losing their job overnight.
the creation of a happy middle class after 1945 and of social democracies has never been the goal of euro-style capitalism, they have been gained traction just as a direct answer to counterbalance communism in the East and in-house radical leftism.
after 1989 both menaces ceased to exist and as you can see it's all going downhill towards a neo-feudalism and oligopoly and the former DDR is the living proof of this.
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To put it short: These new rules are 100 % crap and only way to avoid it is to use some VAT registered service. As long as VAT is around 20 % and just filling all papers would cost $50-100/MONTH (!!!) I would gladly pay 25-30 % commision. Cant wait to EU finally got bancrupt and finally get rid of this insane regulations.
Btw. I would NOT bother with this would I sit in US - by the US law, you should pay taxes where you are! Not where some other country (EU) thinks you should pay! This insane thinking says that while doing business you must obey (conflicting) law of dozens of countries worldwide and that is simply impossible.
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by the US law, you should pay taxes where you are! Not where some other country (EU) thinks you should pay!
actually it's not that way, US citizens working abroad are expected to pay taxes twice, where they're working abroad AND to the IRS !
this is unthinkable for europeans, we pay only where we work and that's exactly why millions of us are happily living and working overseas.
the only option for americans is to reject their US citizenship after earning a new one from another country, that's what one of the co-founders of Facebook did and it saved him millions of dollars, he had double nationality US/brazilian and now is Singaporean.
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the scary thing about the ongoing economic crisis in the EU is that it's been carefully planned by the EU itself as way to further their domination plan
This is a conspiracy theory. Besides which - if the EU (or any other govt like body) had deliberately planned an economic crisis we would today likely be enjoying the greatest economic boom known in the history of the world.
while you laugh at the so called "conspiracists" they were the only ones openly warning investors before the 2008 crash and burn, the 2001 dot-com boom, the foreclosure bubble, and many more cases.
If you continually call a crash you will sometimes be right. But that is not prescience, it's the stopped clock scenario. For the past 5 or so years, for example, the doomers have been constantly predicting a crash whilst the markets continued to rise - partly on the back of govt liquidity but also because there is genuine value and new opportunity. That's what markets do. They rise and fall but not in perfect patterns.
Today anti-intellectual conspiracy thinking is epidemic, like a disease. And mainstream. It provides a commonality between groups which have no other shared values other than being anti. So self-entitled miserable anti-capitalists find themselves weirdly aligned with anti-govt ultra-capitalists, gold nuts and Bitcoiners.
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Looking at it from a symbiostocker's perspective, I can see at some point paypal starting a service to handle VAT on sellers' behalf..
I cannot see this happening. Since Paypal is not the seller and does not provide a marketplace.
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super interesting discussion going on BUT
Topic: EU VAT Changes from January 2015! ALERT
WEBINAR TODAY on EU VAT
DATE: Monday, December 22
TIME: 9AM US PST / 12PM US EST / 5PM UK / 6PM CET
http://www.taxamo.com/webinar-digital-sales-europe-2015-eu-vat-challenge/ (http://www.taxamo.com/webinar-digital-sales-europe-2015-eu-vat-challenge/)
P.S. It looks like PayPal and Stripe already working with these folks.
:)
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https://ppmts.custhelp.com/app/answers/detail/a_id/1204
The only thing PayPal does is helping you collect buyer information through API
https://ppmts.custhelp.com/app/answers/detail/a_id/1205/session/L2F2LzEvdGltZS8xNDE5MjQ4NjE2L3NpZC9pRDRYNHhhbQ%3D%3D
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This is a conspiracy theory. Besides which - if the EU (or any other govt like body) had deliberately planned an economic crisis we would today likely be enjoying the greatest economic boom known in the history of the world.
Greece has been financially raped by the EU, it's not a conspiracy it's just the way it is, Germany and the german banks have launched a frontal assault on the Hellenic economy fully knowing the domino effect it would create on the greek society as a whole and they did the same for Cyprus grabbing money from bank accounts.
on the other side they are a lot more cautious playing the same game with bigger countries as it would backfire and destabilize the Euro, for instance Spain declared they had not even the money to pay civil servants salaries and the ECB promptly provided a few billions on the spot.
so, yes, deliberatly planned and also announced in every euro media if that matters, with open blackmailings against the greek elite too.
but again, this because the EU bankers decided to jump into the Austherity strategy, the alternative was to print even more money and depreciate the Euro a good 20-30% just as Japan did with the Yen, this at least would have pushed the economy up for a while, instead we're now in deflation and the buying power keep reaching new lows.
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Greece has been financially raped by the EU
Greece cooked the books and caused a massive problem for the EU, not the other way around. Hadnt it been for the EU, Greece would have defaulted and caused the whole of the EU to fall.
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Guys...time will tell us who raped who in this mad world of ours.
In a meanwhile, let's inform ourselves what to do with this EUVAT rule and find the best way to continue e-commerce with our mother Europe. ;)
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If you continually call a crash you will sometimes be right. But that is not prescience, it's the stopped clock scenario. For the past 5 or so years, for example, the doomers have been constantly predicting a crash whilst the markets continued to rise - partly on the back of govt liquidity but also because there is genuine value and new opportunity. That's what markets do. They rise and fall but not in perfect patterns.
Today anti-intellectual conspiracy thinking is epidemic, like a disease. And mainstream. It provides a commonality between groups which have no other shared values other than being anti. So self-entitled miserable anti-capitalists find themselves weirdly aligned with anti-govt ultra-capitalists, gold nuts and Bitcoiners.
but being "anti" doesn't imply being anti-capitalist.
there's nothing wrong in most of the whole capitalist ideology, the problem lies in how it's executed and kept running over time.
it's not rocket science to ask billions of $ to foreign banks and start a quick boom/bust cycle, any third world country tried it and most of them failed big time and the entire West plus Japan is now having flat growth or deflation, no matter if they overprint paper money or if they lend each other trillions of $ behind doors.
the rich aren't too much affected by the consequences of their own economic policies but the less rich are the ones actually facing a loss in their buying power or even sudden poverty and unemployment, that's why now out of the blue the "doomers" and the conspiracy have gotten mainstream attention and rightly so but for the record i was saying the same sh-it already in the 90s.
what we're witnessing now is getting a lot bigger than the 1929 crisis and WW3 is looking more and more like the only exit strategy left to the US egemony.
i wouldn't make too much distinction between mainstream analysis and "doomers" analysis, all that matters is if their analysis are well grounded or not.
there would be nothing strange if the EU crash and burn and i will also tell you the biggest bubble ever will come from China when the sh-it will finally hit the fan, having lived there i've seen so many crazy things their system is just totally unsustainable once the divide in salaries and cost of living ceases to exist the way it's been in the last decades which is the mirror situation of Japan and Taiwan outsourcing in the mainland and for which nobody have found a solution apart for starting new colonial wars or importing gazillions of underpaid immigrants as in the EU.
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Greece cooked the books and caused a massive problem for the EU, not the other way around. Hadnt it been for the EU, Greece would have defaulted and caused the whole of the EU to fall.
exactly, but greece is just the start, many others will follow soon.
half of the new EU members have been taken in just so that NATO could takeover the leftovers of the USSR after 1989 and of course they were a bit too much optimistic about their economic recovery, we all know that anything the US touches turns to sh-it and now good luck putting the genie back in the bottle ... most of the East is totally corrupt to the bone and has no way to magically improve the situation overnight to please the eurocrats in Brussels and on top of this they're Nato members so they can't be just booted out as a sack of potato, somebody will have to pay to keep them alive one way or another ... imagine the US suddenly having to feed the entire Mexico and getting nothing back, it's a black hole and the whole EU is indeed designed to be that way, unaccountable and unelected.
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Topic: EU VAT Changes from January 2015! ALERT
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Topic: EU VAT Changes from January 2015! ALERT
Well you should assume that people are intelligent enough to be able to follow a number of different conversations within a thread. It's all ultimately useful background - even the wildest opinion or conspiracy. It's part of the shape of the argument. No single strand within a thread has a monopoly. That's the nature of unmoderated conversation.
At this stage there are no definitive answers or practical solutions which apply universally. Today's commercial webinar is not going to provide any practical universal solutions either. Because there are none which apply to sole traders. It's all ultimately speculative. The webinar can really be no more pertinent than anything which is already available online anyhow.
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even the wildest opinion or conspiracy.
there's absolutely nothing wrong in being fed mainstream propaganda or the wildest conspiracies as it's all symmetrically relational to your political/economical background, nobody can be indoctrinated or manipulated if they've a solid knowledge on a specific topic, simple as that, but if someone is clueless he will believe what he's told and keep that belief all his life and never dare to question it or ask for any proofs.
this new VAT law has been discussed since forever, it's not something that the eurocrats suddenly pulled out of their as-s, it's just the consequence of a cost/benefit analysis since the biggest e-commerce companies like Amazon are not based in EU and the EU is getting nothing back as they use every possible legal loophole to avoid paying taxation like any other EU based entity.
in short, they're doing unfair competition and of course this is damaging EU's local e-commerce companies.
if the EU doesn't move a finger in their defence, who will ?
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Deleted.
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even the wildest opinion or conspiracy.
this new VAT law has been discussed since forever, it's not something that the eurocrats suddenly pulled out of their as-s, it's just the consequence of a cost/benefit analysis since the biggest e-commerce companies like Amazon are not based in EU and the EU is getting nothing back as they use every possible legal loophole to avoid paying taxation like any other EU based entity.
in short, they're doing unfair competition and of course this is damaging EU's local e-commerce companies.
if the EU doesn't move a finger in their defence, who will ?
And not just Amazon... In Microstock, Pond5 is the one who is registered in Swiss so therefore no VAT paid towards EU. Who else?
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MERRY CHRISTMAS & A HAPPY NEW YEAR TO ALL
While on this thread, I understand that this would only be relevant if one was selling direct to consumer (example, Symbiostock).
But others (either company or individual micro stocker) who was selling ONLY through stock agencies should not be affected? As its the stock agency who would be taking on the sales to consumer accounting and tax. Can anyone guide please? Am I seeing this correctly or is there an impact even if one is selling only through stock agencies??
As a micro stocker with company based in Sweden, I'm wondering how all this will finally affect me :)
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As I understand it, if you're selling only through agencies then this won't affect you except possibly with Envato. Don't let the frothing, wild-eyed doomsayers scare you - the sky is not falling on January 1st except in some people's paranoid delusions.
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As I understand it, if you're selling only through agencies then this won't affect you except possibly with Envato.
Well, this possibly could affect us too, because buyers in the EU will need to pay more for our files, therefore they will choose easier check out, cheaper options, package sales...etc.
More burden on operations for agencies, possibly less sales % for us.
Time will tell. :-)
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Well, this possibly could affect us too, because buyers in the EU will need to pay more for our files
No. EU clients using stock agencies outside of the EU (eg based in the USA) have been to subject to VAT/TVA since years already. Nothing has changed in that respect. EU based clients were already paying VAT/TVA and the agencies were expected to collect it unless the client provided a VAT registration number.
What has changed concerns the detail around the way in which the process is administered.
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MERRY CHRISTMAS & A HAPPY NEW YEAR TO ALL
While on this thread, I understand that this would only be relevant if one was selling direct to consumer (example, Symbiostock).
But others (either company or individual micro stocker) who was selling ONLY through stock agencies should not be affected? As its the stock agency who would be taking on the sales to consumer accounting and tax. Can anyone guide please? Am I seeing this correctly or is there an impact even if one is selling only through stock agencies??
As a micro stocker with company based in Sweden, I'm wondering how all this will finally affect me :)
A very merry Christmas to you too.
From this link which was posted earlier
http://www.theguardian.com/small-business-network/2014/nov/25/new-eu-vat-regulations-threaten-micro-businesses (http://www.theguardian.com/small-business-network/2014/nov/25/new-eu-vat-regulations-threaten-micro-businesses)
HMRC (UK tax) says that if you are trading through a third party marketplace it will be the responsibility of the marketplace operator to account for the VAT. I'd assume other countries would take the same view. Apart from anything else we don't have access to where the sales went, or what type of buyer it is. If we sell through agencies
So it looks as if those of us selling through agencies are safe for the present moment.
As always politicians get involved in anything and revolve it in a clockwise manner along a helix. Better to make the EU a tax haven and encourage business by low taxes, rather than these nightmare bureaucratic non-solutions. Oh and sack about 90% of that lot in the European Parliament.
Personally I'd see the UK out of the EU like a shot, just because it's another layer of politicians smothering common sense.
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Well, this possibly could affect us too, because buyers in the EU will need to pay more for our files
What has changed concerns the detail around the way in which the process is administered.
Yes that, plus no more VAT threshold and hiding in Ireland/Swiss.
http://ec.europa.eu/taxation_customs/taxation/vat/traders/e-commerce/index_en.htm (http://ec.europa.eu/taxation_customs/taxation/vat/traders/e-commerce/index_en.htm)
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Well, this possibly could affect us too, because buyers in the EU will need to pay more for our files
What has changed concerns the detail around the way in which the process is administered.
Yes that, plus no more VAT threshold and hiding in Ireland/Swiss.
[url]http://ec.europa.eu/taxation_customs/taxation/vat/traders/e-commerce/index_en.htm[/url] ([url]http://ec.europa.eu/taxation_customs/taxation/vat/traders/e-commerce/index_en.htm[/url])
The clients were not avoiding VAT. The clients are unaffected.
The Ireland/Swiss (?) thing does not involve clients (Switzerland is not in the EU anyhow).
The clients are not affected. They will not be paying any more for your files. They were already subject to VAT at their home rate.
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I was talking about suppliers registered in Ireland/Swiss.
ALL Agencies will HAVE TO collect VAT from it's buyers in 28 EU States.
WHAT ARE THE CURRENT RULES?
Currently, a company located in one of the European Union countries (EU) providing telecommunication, broadcasting or electronic services to private customers (B2C) in one of the EU countries, must pay VAT in the EU country of its establishment. This means that if a company is located in Cyprus and supplies telecommunication, broadcasting or electronic services to private customers in the EU, it has to pay 19% Cyprus VAT for the revenue collected from these customers in the different EU countries.
WHAT IS GOING TO CHANGE AS FROM 1 JANUARY 2015?
Based on this new VAT rule, an EU Company must pay VAT in the EU country of establishment of its customers. In the above example, the Cyprus Company will have to pay different VAT rates applicable in each of the EU countries where its private customers are located. This means for example that the Cyprus company will need to pay 19% Cyprus VAT for the fees collected from its Cyprus private customers, 25% Swedish VAT from its Swedish private customers and 18% Maltese VAT from its Maltese customers, etc.
In principle this new rules mean that if you have private customers in each of the 28 EU countries, you will need to register for VAT in each of the 28 EU countries, file VAT returns in each of these 28 countries and charge local VAT with different rates in each of the 28 countries. Such a rule actually already applies towards non - EU service providers.
MINI ONE STOP SHOP (MOSS)
To reduce the VAT administrative burden for the EU service provider as from 1 January 2015, the new VAT rules provide the possibility for the EU service provider to apply for the so-called Mini One Stop Shop (MOSS) scheme. Under this MOSS scheme, the EU service provider can under certain conditions opt to report its EU VAT liability in one of the EU country only. For Cyprus service providers, this means that under certain strict conditions they can opt to file the VAT returns for their supplies to private customers in the 28 EU countries with the Cyprus tax authorities only. It should however be noted that the Cyprus service provider must take into account the applicable VAT rates in the countries of the buyers for reporting and payment of the VAT due.
As mentioned above, MOSS is an optional scheme for businesses and a business may choose to register in each EU Member State if it wishes. However, if MOSS is used then it must be applied in all applicable Member States (it is not optional on an individual Member State by Member State basis). The only exception to this is when a business also has an establishment in another EU Member State. In that instance, those supplies should be declared on a domestic VAT return in that country, not via MOSS.
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I was talking about suppliers registered in Ireland/Swiss.
The question was whether people selling through agencies would be affected. They won't. The agency is the seller/provider/supplier. Not the photographer.
if you're selling only through agencies then this won't affect you except possibly with Envato.
Well, this possibly could affect us too, because buyers in the EU will need to pay more for our files
Clients purchasing through agencies based outside of the EU will not be paying any more for their files. They were already being charged VAT. EU clients not registered for VAT and buying from EU based agencies might pay very slightly more or less if there is a difference vs the home rate. The % difference between the states are very small.
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Some agencies/companies with HQ in USA but also registered in Ireland/Swiss did not charge EU VAT up until now, because they didn't need to. From now on, they will need to do so!
"The question was whether people selling through agencies would be affected. They won't. The agency is the seller/provider/supplier. Not the photographer."
Well, if agency is not following the rules or need to invest in operations, this might affect their business and therefore sales and at the end of the day photographers too. It's all connected!
Happy Holidays you ALL! :-)
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Don't let the frothing, wild-eyed doomsayers scare you - the sky is not falling on January 1st except in some people's paranoid delusions.
hahahaha !!! :)
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:)
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1 day to GO
http://www.taxamo.com/eu-vat-registration-us/?utm_content=buffer3bc79&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer (http://www.taxamo.com/eu-vat-registration-us/?utm_content=buffer3bc79&utm_medium=social&utm_source=linkedin.com&utm_campaign=buffer)
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I know a payment funda sony xperia z4 (http://www.fundagalaxys5.com/category-funda-sony-xperia-z4-181.html) processor that handles and sales taxes on behalf of sellers of digital goods...
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I know a payment processor that handles and sales taxes on behalf of sellers of digital goods...
Do share if you know... :)
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What a crazy entity the EU is. It allows individual member states to set their own rules and levels of taxation which the members then use to create competitive advantage for their own country. The fastest way to competitive advantage is to encourage large multi-national corporations to register in that country, which they do in spades, and then the EU decides that it is not pulling in enough tax (to keep the BB (Brussels bureaucracy) in the manner to which it has become accustomed).
Because the EU is unable to set a standard VAT rate throughout the EU it resorts to punishing the small/micro business community through just this sort of regulation. The big multi-nationals have had all their accounting systems in place for years to comply with these regulations...ever tried to buy a Photoshop CS digital download in USD at the US price if you're in Europe? Bought a subscription package from a major stock agency in the US? You pays the € or £ price including VAT. Herein also lies the advantage for VAT registered businesses....no VAT to pay by giving your registration number. Not registered? Then you pay more.
For the little people (that the BB's don't even know exist) this new/old law simply means more expense, more administration and reduced earnings and that's only when compliance is a viable option. For many it means closing the business but as you didn't exist anyway, it's no problem for the BB's.
As many laws and regulations in the US are written, for the most part, by the K-Street lobbyists, I have to wonder who was really responsible in the EU for concocting these (for micro business) apparently unworkable regulations? To me, they certainly appear to be advantageous to the global corporations by squeezing out the small guy.
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A unilateral suspension of the introduction of the new EU VAT laws for micro businesses and sole traders!
http://euvataction.org/take-action-now/sign-the-petition/ (http://euvataction.org/take-action-now/sign-the-petition/)
Petition to sign. Almost there... 7833 signatures needed.
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A unilateral suspension of the introduction of the new EU VAT laws for micro businesses and sole traders!
[url]http://euvataction.org/take-action-now/sign-the-petition/[/url] ([url]http://euvataction.org/take-action-now/sign-the-petition/[/url])
Petition to sign. Almost there... 7833 signatures needed.
Signed and shared
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Me too... But I don't have to much hopes :(
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Signed and hoping it changes smthng...
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UPDATE - At OECD meeting in Paris: Japan confirms the introduction of a new B2C tax on digital services to come into effect from October 1, 2015
https://www.dlapiper.com/~/media/Files/Insights/Publications/2014/06/Global_VAT_Guide.pdf (https://www.dlapiper.com/~/media/Files/Insights/Publications/2014/06/Global_VAT_Guide.pdf)