Quote:
Originally Posted by NickTheGreek
Interesting as it seems to be the most detailed article, but as it was long I lost the meaning. Tried with Google translator was worst.
In general, with a simple YES or No, does it says what I've understood from other articles?
1.- Are non EU based companies (eg from USA, Canada, Australia etc), obligue to collect EU VAT since Jan 1st, 2015.
2.- The VAT rate is now depending on the clients country and not on the seller's country. Right? eg tilll now I was collecting 23% even my client was from UK or Germany where they have different rate. Now I must collect (eg) 19% if he is from UK, 21% if he is from Germany etc
Thank you
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PS: Does anyone knows if vBulletin will update Subscription manager to support this rule?
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Nick perhaps the best thing for you to do is in setting up your shop treat the VAT charges like shipping. in many shopping carts they have shipping that can be configured according to each country, state etc and so is the case with taxes usually. This might be the easiest way for you to keep up with 19% here 25% there 10% here and so on. So you would just have to place the VAT for each place.
The article stated that you can reset your prices to include collecting the VAT tax from consumers if you wish. So let's say you normally charge $49.95 for a mod that you sell in your store and the highest VAT tax is say 27% you would up your prices from $49.95 to $63.44 is the exact amount at 27%, you could round it off to say $63.45 to give a nice normal number people are used to.
And yes according to that article you will have to now collect the actual amount of VAT from which country the person is located in. So you will HAVE to have your cart set up to force them to put in their address.