Posts by Sealord

164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

it had better show my company name instead of mine.
You can set your Company Name under Billing Information in your account settings. But I do not know if it is placed on customer invoices or only on your own invoices if you bought something here.
164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says
164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

Description here is HTML, you need to format your description
or use Evatitor to see a preview and then copy/paste

164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

Why do some of my $4.00 items show as $3.20 in my statement?
Because of the new system, statement-price = total purchase price minus buyer fee.

Old system:
You sold an item for $4 and got 50% of that price as your earnings
50% of $4 = $2.00
Your statement:
Price = $4.00 | Amount = $2.00

New system:
You sold an item for $4 and this price includes a buyer fee of 20%
Buyer fee calculation:
20% of $4 = $0.80
$4 minus $0.80 = $3.20
Author fee calculation:
37.5% of $3.20 = $1.20
$3.20 minus $1.20 = $2.00
Your statement:
Price = $3.20 | Amount = $2.00
164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

Author is company from Germany. Customer is company also from Germany. Both are active VAT payers and have valid VAT ID. How is going Author from Germany get VAT from this kind of sale?
This is a typical B2B transaction that requires no VAT (with current and upcoming (2015) EU VAT rules)
No matter if the author is a self employed seller or sells via a EU-/Non-EU online marketplace.
164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

Are there other countries that have similar tax laws as EU VAT ?
You can check it on this website (click on map)
http://www.ey.com/GL/en/Services/Tax/Worldwide-VAT-GST-Sales-Tax-Guide---Country-list
I do not check all countries but Norway (European Country but not EU member) has similar VAT rules for non-resident companys since 1 July 2011, or South Africa since 1 April 2014.
164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says
http://www.meridianglobalservices.com/blog/2013/11/22/EU-VAT-Changes-for-E-Commerce-in-2015-Will-they-affect-you
Referring to this site, Envato as non-eu based business had to calculate VAT on e-services since 2003 and not only from 2015.

Before 2015
EU business selling electronic services to EU consumers = charge VAT rate where the seller is based

Non-EU business selling electronic services to EU consumers = charge VAT rate where the consumer is based

After 2015
EU business (Change) Selling electronic services to EU consumers = charge VAT rate where the consumer is based

Non-EU business (No Change)
Selling electronic services to EU consumers = charge VAT rate where the consumer is based

This is the same what’s described here on the official website of the EU
http://ec.europa.eu/taxation_customs/taxation/vat/how_vat_works/telecom/index_en.htm#legislation

If that is indeed the case, then it becomes clear why Envato suddenly insists not to be the seller!

164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

In the UK (not sure about the rest of EU) you only charge VAT if the buyer is the UK or the EU, If a buyer can provide a VAT number then they aren’t charged VAT. The VAT is charged at your countries VAT rate and sent to the tax department every 3 months. You would only charge VAT if you were registered (in the UK if you earn over £77k then you need to be registered).
It looks like the HMRC has changed this in the UK two years ago
http://www.kevinbeare.com/thoughts/faqs/overseas-company-do-we-need-register-vat-uk
164 posts
  • Has sold $5,000+ on Envato Market
  • Sells items exclusively on Envato Market
  • Located in Germany
  • Had an item featured on Envato Market
+3 more
Sealord
says

I cannot see how envato or anyone else is liable for pre 2015 sales btw.
VAT regulations for digital goods trade has been around for a few years in some countries.

Just two examples:
VAT on foreign electronic B2C e-services in the UK
http://www.kevinbeare.com/thoughts/faqs/overseas-company-do-we-need-register-vat-uk
VAT on foreign electronic B2C e-services in South Africa
http://www.vatlive.com/africa/south-africa-imposes-vat-on-foreign-electronic-b2c-e-services-in-2014/

And the EU changes from 2015 are not so new, the new changes only affect trade within the EU states. For non-EU companies this VAT scheme is already is in place since years. I doubt that Envato in the role as seller has itself registered for all these VAT schemes in the past years and that could lead to heavy tax troubles for them.
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