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Thread: VAT options

  1. #1
    Thread Starter
    Senior Member knientje's Avatar
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    VAT options

    In Europe if you run your Ads site as a business, you might have to calculate VAT (depends on your revenue)
    I miss an option to set the valid percentage for whatever country.
    Like in the Netherlands it's 19% for online services.

    There has to be a field like "calculate VAT" with a yes, no dropdown box.
    You might say OK, but then you can just as well fill in 0%.

    BIG MISTAKE!

    There is tax-o-matically seen a difference between NO VAT and 0% VAT

    NO VAT is valid for private persons and exempted enterprises (low revenue)
    0% VAT is valid for exempted goods or services

    So 0% VAT is NOT the same as NO VAT

    http://belastingdienst.nl/english/business.html

  2. #2
    Senior Member carlos takemura's Avatar
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    Yes, this is a really IMPORTANT difference. Example: books, food and some other items are what is known as ZERO RATED.

  3. #3
    Thread Starter
    Senior Member knientje's Avatar
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    Hm Food is 6% here, books also

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