Well, I’m confused, can You please answer my questions?
Lets say I’ve sold only 1 logo template in 1 month. Im on 69%.
1.Logo has been sold for 29$
2. Price tab shows 23,20$
3. Amount tab shows 20,01$ (that is the amount I’ll get on my paypal account)
Question 1: I need to declare my income so tell me, which of these prices is my income? Question 2: I need to invoice that income and on that invoice, there must be two contacts, first is me as the one who receives the money and the second who do i sell that licence(s), who is it?
Just an information, I’ve asked on CM in forums:
“Because of the upcomonig VAT rules for 2015, there has been opened many threads on marketplaces like this, with the main question, who is the direct seller and what is the exact possition of the marketplace.
I don’t want to ask about the VAT, but about invoicing, let me write an example:
I’ll sell products for total revenue of 100$ on CM, but my earnings are only 70$. So how do I write invoice when I request payout?
a) I’ll write an invoice where CM is paying me commision from sales on CM 70$ – and that is my only invoice. b) I’ll write an invoice where CM is paying me the total revenue 100$ and 2nd invoice where I’m paying 30$ to CM as their fees.”
Under the new VAT regulations, CM will be treated as a reseller. At this time, we are implementing systems to collect and remit VAT assessed on the sale of digital goods to buyers located in the EU member states. As such, in your example, you would write an invoice for $70.
Still without any staff reply?
I personally don’t care because the legal structure of my business is “small business owner”. That means in my country: If my income is lower than xxx I pay no VAT. And I’m far away from that limit… I’m just a very small fish compared to all the elite authors here. It’s more like earning some extra money during free time.
You don’t need to care about VAT, but You should care about the Income Tax. There is a difference if You are a direct seller or not.
For example on item selling for 10$ here on Envato sites, as a direct seller You need to Invoice the whole sum (10$) as your income and then make a second invoice with 3$ expense (if You are on 70% commision rate), but if we are not direct sellers, we need to invoice only the income that comes to our accounts, which is 7$ in this case.
Removing the flag of the European Union is discrimination. This is not just a technical issue, it is a human rights issue. I hope that the flag be returned as soon as possible!
I don’t think so. EU isn’t a Country, so why don’t You use your Country Flag instead of EU?
Never happend to me, but may be the CS5 is trying to tell You “Hey c’mon, upgrade me, did You know I have younger brothers? CS6, CC and CC2014?
survivor saidYes, that is one of the problems that arise with the big question: Who is the seller and how can you prove that
May be a little off topic, but if I’m the seller from the beggining (2011 for me) I assume, that I’m wrongly paying income taxes. Let me explain, how am I doing it.
I made 1000$ in sales and Envato has sended me 700$ on my Paypal. Because of the fact, that I always thought this is the commision, I use 700$ as my income from Envato.
BUT! If I’m in reallity the seller from my beginning in 2011, shouldn’t I write 1000$ as income and 300$ as expense? It may seem the same, that final income is 700$ again, but it is a huge difference for me as I can’t use expenses when paying income taxes, because of different tax model.
Any confirmation on this?Thank You
Hmm, ok so now I need to read again TOS from 2011 when I was signing up, anyone has the link for the older Envato TOS please?