You signed in with another tab or window. Reload to refresh your session.You signed out in another tab or window. Reload to refresh your session.You switched accounts on another tab or window. Reload to refresh your session.Dismiss alert
I'm located at EU and I understand that ExtensionPay doesn't support Stripe's tax functionality yet. Let's say I sell for USD $10 no matter where they're from, i.e., I give up collecting VAT dynamically according to country...
Then I'll still absolutely need to know who is from EU and who is not because once a year I'll need to tell Uncle Sam how much revenue is VAT taxable--for each EU customer the tax agency wants 20-ish percents of sales value and for each non-EU customer he'll leave that alone.
I suppose you have the same problem in the US as well. Do you just tell Uncle Sam all your customers ought to pay VAT so at the end of the year you'll end up over-paying tax? Or how do you manage this?
reacted with thumbs up emoji reacted with thumbs down emoji reacted with laugh emoji reacted with hooray emoji reacted with confused emoji reacted with heart emoji reacted with rocket emoji reacted with eyes emoji
-
I'm located at EU and I understand that ExtensionPay doesn't support Stripe's tax functionality yet. Let's say I sell for USD $10 no matter where they're from, i.e., I give up collecting VAT dynamically according to country...
Then I'll still absolutely need to know who is from EU and who is not because once a year I'll need to tell Uncle Sam how much revenue is VAT taxable--for each EU customer the tax agency wants 20-ish percents of sales value and for each non-EU customer he'll leave that alone.
I suppose you have the same problem in the US as well. Do you just tell Uncle Sam all your customers ought to pay VAT so at the end of the year you'll end up over-paying tax? Or how do you manage this?
Beta Was this translation helpful? Give feedback.
All reactions