Posts by Vasterad

303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

@Enabled I wouldn’t be so sure. My accountant said these invoices can’t be accepted in Hungary, because important info such as addresses and VAT info is missed. What should i do next? I believe my logic has nothing to do with EU laws. Another thing i completely don’t understand. Item price is $27, invoice is for $21.60, balance shows $18.90. Why my actual balance is DIFFERENT from the amount stated in invoice?

There’ll be next VAT rollout. Well, the question is when? Here’s Collis’ answer http://themeforest.net/forums/thread/envato-market-the-platform/159256?message_id=1203321&page=8#1203321

303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

From my point of view. One thing is surely clear. STOP searching Google for these kinds of answers. It’s like buyers telling us how that they’re 16 year old kid can make a better product just by downloading some tutorials. Go to a specialist. :)
Where did I say that I’m only searching Google and didn’t go to the specialist? I’m glad your accountant / tax advisor gave you answers to all the questions. Unfortunately I’ll be probably forced to write an application for tax law interpretation so all things like EU wide legislations linked here are helpful.
303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says


For crying out loud guys!

I agree. We need official interpretations to keep safe. Crying is waste of time.


Again, Envato is a multi-million dollar business online in plain sight for everyone to see! They are not laundering your money, they are not doing anything that is illegal.

Things legal in Australia can be illegal in EU.

Because Envato is multi-million they are strong. They are far far away. They are not affraid. While Authors are small businesses. They are weak and in confrontation with local IRS they are lost.

This is why people here are so nervous.


Use your logic people. If Envato would do that and ONE author would sue them for a million dollars they would INSTANTLY win. Stop being experts in fields you’re not and go consult experts!

Sue for what? And how? Who has the money to sue company in another part of the world? Author who sold items for $10 000?


this was NOT a rant, just my opinion. I talked to my specialist in the matter, things are absolutely fine and dandy!
What country? Have you got his opinion on a paper?
Enabled, there where I live talking with accoutant isn’t enough because in some things IRS may thinks differently. ;)
303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

(2) The invoices aren’t valid for VAT

You’re correct, and we have a second VAT rollout that is coming right after this one. Just for clarity though, the VAT collection/etc will be handled and remitted by Envato. We are working with the relevant EU member state authorities to make this happen. After the rollout the VAT charged will be added to existing prices, and in the meantime where applicable, it’s worn by Envato.

I’m so disappointed. It should be done before 01.01.2015.

303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

Seems legit :sunglasses:

Image and video hosting by TinyPic

303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

Has a single buyer said anything yet about this? Will or even can they use these new invoices as expenses? Is envato still issuing invoices in their name when you deposit and/or buy something directly?
Buyers can use deposit invoice as expenses (there’re Envato’s details). I can’t imagine using invoice with only author nickname or name/surname (this is how currently invoices look like).
303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

Here’s an interesting article: http://www.crunch.co.uk/small-business-advice/2014/11/11/vat-mini-one-sto-shop-impact-eu-payments

However, the online shop will be responsible for paying the VAT if they’re seen to be ‘acting in their own name’, meaning you are selling your services to the shop, which they are then selling to the customer. This is likely to be true if they operate the whole sales process. This would be classed as a B2B sale, so the changes would not affect you and the sale would be classed as outside the scope of VAT.
303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says



Following the latest developments, it really saddens me how everything seems to turn out. I’m going to arrange a meeting with my accountant next week but the way the announcements are being made and applied, deeply worries me as an author.

Even if I bypass all current open issues regarding money flow, the automated invoices (there is no way I could possible use them along with my invoices outside of Envato in Greece) along with the legality regarding who is the seller, the accounting troubles and costs such move could cause to a small business are huge.

I’m really hoping for the best for all of us (buyers, authors and Envato) but for as long as Envato “can’t” be the official seller, I’m not sure how small businesses like mine will be able to remain sustainable in the future in such business ecosystem.
Under UE law Envato is seller. They can talk that we’re “sellers” but facts are incontestable here in UE. ;) If we’ll be forced to pay taxes through VAT MOSS for each transation we made and get money directly then we’ll be the sellers.
In fact. This is 100% inconfutable. The new invoices they do is useless paper for internal use only. In the end, nothing changed. A company cannot change the laws, which are pretty clean: who takes money is the seller.
Exactly. For me and my accountant – nothig has changed. I’ll still make one invoice per month. I’m not the seller (as Envato thinks) because I don’t have to register VAT MOSS ID under my own company and pay taxes by myself. Envato does it (they’re the seller under UE law).

Cheers. :)

@Cocomero – napisa?em, odezwij sie :P

303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

Following the latest developments, it really saddens me how everything seems to turn out. I’m going to arrange a meeting with my accountant next week but the way the announcements are being made and applied, deeply worries me as an author.

Even if I bypass all current open issues regarding money flow, the automated invoices (there is no way I could possible use them along with my invoices outside of Envato in Greece) along with the legality regarding who is the seller, the accounting troubles and costs such move could cause to a small business are huge.

I’m really hoping for the best for all of us (buyers, authors and Envato) but for as long as Envato “can’t” be the official seller, I’m not sure how small businesses like mine will be able to remain sustainable in the future in such business ecosystem.
Under UE law Envato is seller. They can talk that we’re “sellers” but facts are incontestable here in UE. ;) If we’ll be forced to pay taxes through VAT MOSS for each transation we made and get money directly then we’ll be the sellers.
303 posts
  • Elite Author: Sold more than $75,000 on Envato Market
  • Made it to the Authors' Hall of Fame
  • Has sold $125,000+ on Envato Market
  • Has been a beta tester for an Envato feature
+4 more
Vasterad
says

Envato pays me in USD. Do they pay you in AUD?
From the accounting and taxation point of view, I need to decide how much that USD sum equates to in my local currency. I usually work on a cash accounting system and convert it at the rate that is current on the day that the payment is received. As far as I’m aware this system is perfectly acceptable, as long as you are consistent with it. If I were required to convert every Envato transaction to a local currency amount based on the invoice date, this would create a massive amount of work.

In Poland if you are a company you have to convert every transaction to local currency based on invoice date. It can create a huge mess if let’s say: your transaction is 03.02.2015, USD/EUR is 1.2; then you receive money on 15.03.2015 and USD/EUR conversion rate can be 1.1….

However if you are not a company you only convert at the day when you receive money on bank account.
+1 It’s another problem for Polish authors.


Cocomero – Urzad skarbowy by nas wysmial za taka fakture, pomijam fakt, ze trzeba skladac deklaracje VAT-7, a ciekawe co mialbym w niej zadeklarowac majac tylko VAT MOSS ID od Envato i jak im odowodnil, ze ktos za mnie zaplacil jakis VAT. VAT MOSS bylby przydatny dla nas, gdybysmy prowadzili sprzedaz bezposrednia i musieli placic faktycznie ten VAT. :D

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