VAT for adult website
Hi,
Recently I opened a Cyprus company for the purpose of using CCBill for my website. Cyprus has a low income tax of 10%, but having started my tax planning I came across a VAT (value added tax) issue. My site has photo and video content, selling monthly subscriptions. Do I have to pay VAT? Please give your feedback on this, especially those of you, owning EU based businesses.
Thanks,
Josh.
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