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Great idea. However, I think you need to be careful in the VAT area not to overpromise: I selected “selling from Switzerland to Switzerland” and your calculator
by ar0 4y ago
Great idea. However, I think you need to be careful in the VAT area not to overpromise: I selected “selling from Switzerland to Switzerland” and your calculator quoted a VAT of 0%, which is of course false (selling stuff in Switzerland requires deducting 7.7% VAT).
My guess would be that you only cover VAT within the EU, but of course there are VAT regimes outside of the EU too; so “we also take care of VAT collection for you” does not seem to apply in all cases.
- chinathrow 4y ago> selling stuff in Switzerland requires deducting 7.7% VAT Only if you're selling more than 100k CHF per year.
- donjoe 4y agodisclaimer: developer, not tax attorney :-) Our connected tax office figured out taxation concerning international transactions. Why and how different taxation rules apply depends on a couple of instruments and setups such as reverse tax charges, MOSS and others. It basically burns down to fruits: - charging the buyer with the applicable tax between fruits (company in Germany) and the buyer in country XYZ - each buyer receiving an invoice (issued by fruits) - the seller receiving a single credit note for all sales within that month targeting a German company (fruits) We will have to clarify taxation as I can see from comments in this thread - thanks for your input!
- jacquesm 4y agoVATMOSS would seem to be the way to go, note that you may not have visibility on all of the transactions of a party so you won't be able to determine when they cross the limit for VAT liability for their country.
- conductr 4y agoI have no stake in this but, is there not a VATaaS API/library by now? I see the VAT complications discussed all the time online and figured this would be rather centralized by now
- byschii 4y agomaybe https://vatapi.com https://vatapi.com ? (actually never tested)