How to avoid VAT in EU from the 1st 2024

[JohnnyDoe]

Average Income Tax Europe = 40.24%
Average VAT Tax Europe = 21%
Average Property Tax Europe = 2.5%

= 63.74% taxes.

Plus various forms of socialist expropriation, plus the legal fees that you inevitably need to pay to defend yourself from the regular attacks from parasites (the state, brainwashed employees etc) and you are left with almost nothing.

 

[thomasparra]

Plus various forms of socialist expropriation, plus the legal fees that you inevitably need to pay to defend yourself from the regular attacks from parasites (the state, brainwashed employees etc) and you are left with almost nothing.

Until you get severely ill and no one will cover your chimio costs. But yes, Europe is a tax hell.

 

[Don]

Plus various forms of socialist expropriation, plus the legal fees that you inevitably need to pay to defend yourself from the regular attacks from parasites (the state, brainwashed employees etc) and you are left with almost nothing.

Average Income Tax Europe = 40.24%
Average VAT Tax Europe = 21%
Average Property Tax Europe = 2.5%

= 63.74% taxes.

Why on earth do you live in Europe?

Dont forget social tax 20% on average. And when you buy that bottle of wine or gas for your car add excise as well.
You might have ~90% taxes.

Brussels: where every desk is a step closer to Marx, and the European dream means living like capitalists on a communist's paycheck.

Always keep one foot out.

 

[Dandyline]

Until you get severely ill and no one will cover your chimio costs. But yes, Europe is a tax hell.

That's what insurance is for.

 

[thomasparra]

That's what insurance is for.

Good luck finding a private insurance who will insure you if you have cancer lol. Guess you never subscribed to one and had to answer their questions on your current health status.

 

[twgtrading]

Let's say I have a few UK Ltd companies using Stripe and PayPal and I am selling products to the world (including USA and EU side), I have to pay taxes even if my UK Ltd companies are all registered under non EU resident?

23% sounds a lot to me.

Need advice from the gurus here.

 

[Sdrak]

Where to find a list of non-EU PSPs? Any example?

 

[Dandyline]

Where to find a list of non-EU PSPs? Any example?

Doesn't matter if its a non-EU psp or not. It still get reported if any EU part is involved.

 

[AlicaFunk]

As far as I understood, a distinction has to be made between
- Digital Services
- Digitally Provided Services

Digital services are services provided by a digital system, such as hosting, subscriptions which are automatically fulfilled, e-commerce of digital products and so on. In this case, VAT is paid in the customer country.
The second options is basically "regular services" or consulting, provided using the digital method as a veichle or a tool - but there's a person behind it, providing the real service. In this case, VAT is paid (or not paid) in the country of the company.

Not sure about the second case, what happens if the company is in a country but the specific person providing the service (an employee of the company) is in another country, which of the two is the right one?

And now, just a few years down the line, it's become essential for everyone to apply VAT to B2C transactions, even those happening online. At the very least, payment service providers are now tasked with ensuring compliance.

The era of the internet being called the Wild West is quickly coming to an end, as thorough regulations are put in place, allowing those in power to reclaim control over their domain.

 

[5K1PP3R]

The era of the internet being called the Wild West is quickly coming to an end, as thorough regulations are put in place, allowing those in power to reclaim control over their domain.

it is enough to register a company outside EU, Georgia for example

 

[AlicaFunk]

it is enough to register a company outside EU, Georgia for example

You think it is an option ?

no read the thread

what you mean?

 

[AtlasShrugged]

Hi Everybody,

In case some of you don't know it yet, but from the 1st of 2024 big payment processor like paypal, stripe...will have to report to EU tax authorities transactions made through their processors, which will make it hard to avoid paying VAT even for non EU companies and for digital products (https://www2.deloitte.com/content/d...es/deloitte-nl-fsi-closing-the-eu-vat-gap.pdf).

Is this only business accounts? I currently have a personal PayPal account I receive income in and I haven't reported it and have no plans to either, but they're small amounts 1000-2000 USD. I read somewhere else here that PayPal doesn't report to tax authorities. It might have been an old post

 

[JohnLocke]

I read somewhere else here that PayPal doesn't report to tax authorities. It might have been an old post

They report, I know that from personal experience.

 

[AtlasShrugged]

They report, I know that from personal experience.

Was that a personal account? When I log into my personal account, I can only find my address. I cannot find my TIN. I don't remember if I gave them my tax number or not

 

[ShillGates]

only business and when making more than 30 odd transactions a year or quarter.

all is reported , nothing to do with your tin - it has to do with your vat number - or lack thereof. they report vat number + card details customers and addresses - send this over to a eu big db - after the tax agency of each country can send you a nice little letter telling you that you owe them 15 euro in unpaid vat + 10000 fine am sure.

there is no hiding, no loophole - so no what if you ....... question will solve this

thr above is for card detilas payment which comprises the vast majority of online sales. Also goes for other payment methods b2c - bank transfer, through 3rd parties and all. bascially the aim is for that database to know ALL your sales. Like the gestapo eras unreal - slaves of Europe

 

[pixbix]

I’m sorry if I don’t wan’t to give them 23 % of half a million per year
Apart not using a European payment gateway to you see any other option ? I need using stripe

You will give them more, as VAT is not paid on the profit.
So .. if you buy products worth of 800 000 , and resell them for 1.000.000, you will probably earn 100 000 after your expenses, shipping, hiring a few girls to help you out,etc... rent, gasoline, taxi ,etc...
so you wont pay 20 000$ in VAT but you will pay 200 000$ their profit 200 000$, your profit 100 000$ and then they will come after you for more taxes