Posts by QuanticaLabs

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says



For me it is not clear.


1. Example:
I sell item for $10 and I get %56 = $5.6
Who will pay the VAT tax? Customer or Me? Is that mean that EU author items will be more expensive?

Buyer will. EU author without VAT EU will be charged $10 + VAT.
Ok. Thanks. What about not EU authors?

I made a mistake in the post above, should be: EU buyer without VAT EU will be charged $10 + VAT.

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

For me it is not clear.


1. Example:
I sell item for $10 and I get %56 = $5.6
Who will pay the VAT tax? Customer or Me? Is that mean that EU author items will be more expensive?

Buyer will. EU buyer without VAT EU will be charged $10 + VAT.

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

[...] The article is not completely clear. Based on the following scenarious how Envato will deal with and what the author and the buyer need to do:

A)european buyer have VAT number/european author have VAT number

B)european buyer doesn’t have VAT/European author have VAT number

C)European buyer have VAT/European author doesn’t have VAT number

D)European buyer doesn’t have VAT number/European author doesn’t have VAT number

E)Non European buyer/European author with VAT number

F)Non European buyer/European author without VAT number

In my personal opinion (referring also to the blog entry)
A. buyer doesn’t pay VAT (it’s not added to the price of the item )
B. buyer pays VAT (it’s added to the price of the item )
C. same as A.
D. same as B.
E. same as A.
F. same as A.

Authors will never pay VAT, Envato will, by collecting VAT from some buyers (those from EU without VAT UE number).

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

Shopping cart is live. But wait… where did the sales go? :notfunny:

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

I prefer grey.

+1 :)

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

It’s OK, just only imagine 40k withdraws/monthly for a designer who used to earn (in past) Ok for example: 50k EUR/year [...]

50k EUR/year is a HUGE amount. I know designers / developers working full-time for 6-7k EUR/year (yes, it’s true) :)

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

You can’t just tell your tax office – hey my money came from Australian bank account, I will not pay VAT.

You can and you should and not because of australian bank but because of Envato is australian company, is registered in Australia and it is your one and only ‘client’.

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

As an author, as far as you are concerned, you are receiving the money from one entity: Envato. This entity is located in Australia. You will be required to pay your taxes, income tax and what have you. However, you do not have to pay VAT.

+1. Indeed.


My accountant suggested that Envato was my only client and it made direct ecommerce with the purchasers, since I didn’t know the purchasers, I couldn’t collect their data, I couldn’t decide the price of my products etc.

I have the same info from two independent tax consultants. End of story.

130 posts quanticalabs.com
  • Power Elite Author: Sold more than $1M on Envato Market
  • Has sold $1M+ on Envato Market and is now a Power Elite Author
  • Has referred 1000+ members
  • Has collected 50+ items on Envato Market
+6 more
QuanticaLabs
says

@QuanticaLabs – so you need to pay those 16% income tax (in my country not sure in others) but regardless how much you manage to earn you still don’t have to pay VAT? That’s a bit strange. Here you need to pay VAT after you pass 65k euros or something like that.

These are two different things. You can be registered as VAT payer and be exempted from VAT to a certain threshold. But even if you are registered as VAT payer (regardless of the income) there is also reverse charge mechanism which applies to some transactions.

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