The best option is to work with a merchant gateway which doesn’t have office in Europe therefore no communication of financial data.
What do you mean exactly? Your email doesn't work
I believe Stirpe UK it's same as Stripe US, they must do report somehow and adat to new rules.Do you mean for example Stripe UK or a payment processor different than Stripe because it has offices in EU?
If the PSP is based outside EU, the sender/customers bank need to report the cross border transaction.
Ok and then what?
There are plenty of companies in Delaware that bill EU customers without charging VAT so even if the bank will report the cross border transaction it's unlikely that something will ever happen.
Stripes a US Company, listed on the US Stock market i think... falls under US Jurisdiction, thus tax evasion through it even for a EU company is a big no no lol not unless you want to be indicted to the SDNY.Do you mean for example Stripe UK or a payment processor different than Stripe because it has offices in EU?
bro you have no clue... There is no VAT if I pay EU or UAE company via Stripe UKStripes a US Company, listed on the US Stock market i think... falls under US Jurisdiction, thus tax evasion through it even for a EU company is a big no no lol not unless you want to be indicted to the SDNY.
Just pay the VAT or relocate yourself and your business and not engage in the EU.
Platforms which solely allow processing of payments related to the “Relevant Activities” (see below), allow users to list/advertise a Relevant Activity or redirect/transfer users to a platform, are excluded from the reporting obligations (e.g. PayPal, Stripe, Facebook marketplace).
Relevant Activities
The Relevant Activities triggering a reporting obligation are:
In order to be reportable, the said activities will need to be carried out for a consideration in any form (net of any withholding by the digital platform operator) paid/credited to the seller and which the digital platform operator can verify.
- the rental of immovable property, both residential and commercial, as well as any other immovable property, and parking spaces (e.g. Airbnb, Booking.com);
- personal services involving time- or task-based work whether performed alone or not, carried out independently or not, at the request of a user, and which were facilitated by a platform (e.g. Uber);
- the sale of goods, i.e. any tangible property (e.g. eBay, Vinted); and
- the rental of any mode of transport (e.g. Turo, Click&Boat).
Source
So i guess if you are doing B2C outside those activities, and the Business is paying you is from US with using stripe it will be ok for now . That being said only low amounts and non EU banks..
But i am sure they will soon adapt those aswell and its safer to pay those taxes right away.
Platforms which solely allow processing of payments related to the “Relevant Activities” (see below), allow users to list/advertise a Relevant Activity or redirect/transfer users to a platform, are excluded from the reporting obligations (e.g. PayPal, Stripe, Facebook marketplace).
Relevant Activities
The Relevant Activities triggering a reporting obligation are:
In order to be reportable, the said activities will need to be carried out for a consideration in any form (net of any withholding by the digital platform operator) paid/credited to the seller and which the digital platform operator can verify.
- the rental of immovable property, both residential and commercial, as well as any other immovable property, and parking spaces (e.g. Airbnb, Booking.com);
- personal services involving time- or task-based work whether performed alone or not, carried out independently or not, at the request of a user, and which were facilitated by a platform (e.g. Uber);
- the sale of goods, i.e. any tangible property (e.g. eBay, Vinted); and
- the rental of any mode of transport (e.g. Turo, Click&Boat).
Source
So i guess if you are doing B2C outside those activities, and the Business is paying you is from US with using stripe it will be ok for now . That being said only low amounts and non EU banks..
But i am sure they will soon adapt those aswell and its safer to pay those taxes right away.
Create a second company from a privacy jurisdiction, this company offers load balancers to e-commerce companies. The load balancer is in reality a reverse proxy server. Have the load balancer route high-VAT IPs to low-VAT IPs. Refresh the proxies on the load balancer as often as possible. If authorities complain, blame the third party incorporated outside of EU / US.Do you guys see any loophole to avoid to pay VAT ?
and don't forget to add the inflation rate - which is very individual however for most will be two digits and better not to mention against BTC...Average Income Tax Europe = 40.24%
Average VAT Tax Europe = 21%
Average Property Tax Europe = 2.5%
= 63.74% taxes.
because it's challenging practically and emotionally after decades of living in Europe - active people make a lot of ties, not mentioning families and personal responsibilities - I wouldn't be that quick at judgingWhy on earth do you live in Europe?