Please sign this petition!
(Copied from BastardPrince's journal from DA, who reposted from Naniiebim's IB blog)
****On Jan 1, 2015 new EU VAT (consumer tax) regulations mean that any business selling digital services/products to EU customers must charge tax at the local rate for the purchaser’s country. A USA business must determine & verify the purchaser’s country, store their personal details for 10 years, & establish, charge and remit to that country’s authorities the appropriate VAT. There is no minimum threshold to exclude micro businesses. Not only is the procedure, bureaucracy & changes to website payment processing too onerous & expensive for some businesses to absorb while remaining viable, but the regulations are inadequately detailed, poorly explained & may be applied differently in separate EU countries.****
Published Date: Dec 22, 2014
this will affect many artists on DA, and the world over, please spread the word about this law and if you can, sign the petition to show our opposition as sole traders and small earners against the problems it will cause for our kinds of businesses.
here is the petition against this proposal for USA peeps: petitions.whitehouse.gov/petit…
and for those in the EU: www.change.org/p/pierre-moscov…
If this law goes into effect, if you are an online artist, YOU (the artist) will be responsible for VAT (if applicable) on ANY COUNTRY'S tax rates your commissioner comes from. It will force you to store this data for a MINIMUM of 10 YEARS and remit those VATs to your customer's country.
It currently extends to digital goods, but they plan to expand it to include sales of ALL types of online goods.
Please sign and pass along!