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EU VAT

EU VAT is imposed based on Seller Commission.

EU VAT Rule on Commission Tax

1. All products except Coaching and Boosting service

- Charge EU VAT on Seller Commission when the Buyer is from EU countries and transact in EUR currency, G2G will collect VAT by following the EU Buyer's country rate.

Scenario: Assuming buyer is from EU country and paid in EUR currency


Single Tax Scenario:
UK Seller & Austria Buyer
Double Tax Scenario:
Singapore Seller & Austria Buyer
*Double tax rule occur when the seller's location is SG/ID/AU
Selling Price
GBP 100.00
SGD 100.00
- Seller Commission @ 4.99%
GBP 4.99
SGD 4.99
- GST
NA
SGD 0.40
(SGD 4.99 x Singapore GST @ 8%)
- Austria VAT @ 20%
GBP 1.00
(GBP 4.99 x Austria VAT @ 20%)
SGD 1.00
(SGD 4.99 x Austria VAT @ 20%)
Net Earning Payable to Seller
GBP 94.01
SGD 93.61

2. Coaching and Boosting services

- Charge EU VAT on Seller Commission when the Seller is from EU and offer price listed in EUR currency, G2G will collect VAT by following EU Seller's country rate.

Scenario: Assuming Seller is from EU country and offer price listed in EUR currency

Note: EU VAT will vary and change according to their respective EU country VAT rate.


Single Tax Scenario:
Portugal Seller & Singapore Buyer
Selling Price
EUR 100.00
- Seller Commission @ 4.99%
EUR 4.99
- Portugal VAT @ 23%
EUR 1.15
(EUR 4.99 x Portugal VAT @ 23%)
Net Earning Payable to Seller
EUR 93.86

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