VAT for adult website - GoFuckYourself.com

sugardaddy · 03-24-2009, 10:53 AM

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.

MaDalton · 03-24-2009, 10:55 AM

this is something for your tax advisor. the answer is: sometimes, it depends. talk to a professional for more details

mattyboy · 03-24-2009, 10:57 AM

Yep, you need to pay VAT on all EU sales.

BUDOAR · 03-24-2009, 01:32 PM

Of course you have to pay VAT on your sales, but also if you have expenses where you paid VAT(like hosting, gas, etc), this VAT will balance the one that you earn from the subscription.

sugardaddy · 03-27-2009, 05:50 AM

Thanks for your replies

03-24-2009, 10:53 AM	#1
sugardaddy Registered User Join Date: Jun 2004 Posts: 38	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.

03-24-2009, 10:55 AM	#2
MaDalton I am Amazing Content! Industry Role: Join Date: Feb 2004 Posts: 39,828	this is something for your tax advisor. the answer is: sometimes, it depends. talk to a professional for more details __________________ AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com

03-24-2009, 01:32 PM	#4
BUDOAR Confirmed User Industry Role: Join Date: Jul 2008 Posts: 185	yes Of course you have to pay VAT on your sales, but also if you have expenses where you paid VAT(like hosting, gas, etc), this VAT will balance the one that you earn from the subscription.

03-24-2009, 10:57 AM	#3
mattyboy Confirmed User Industry Role: Join Date: Apr 2003 Posts: 1,070	Yep, you need to pay VAT on all EU sales.

03-27-2009, 05:50 AM	#5
sugardaddy Registered User Join Date: Jun 2004 Posts: 38	Thanks for your replies