Value Added Tax (VAT) is a tax assessed on the value added to goods and services (including digital goods + services).
VAT is charged as a percentage of a price (e.g. a $10 membership with 23% VAT will have a final cost of $12.30). We let Members know what the cost of your Membership + VAT will be before they subscribe to your profile.
Different countries will have varying VAT rates.
Take a look at this table provided by the European Commission on varying VAT rates:
|
Country |
Value-Added Tax Rate |
|
Austria |
20% |
|
Belgium |
21% |
|
Bulgaria |
20% |
|
Croatia |
25% |
|
Cyprus |
19% |
|
Czech Republic |
21% |
|
Denmark |
25% |
|
Estonia |
20% |
|
Finland |
24% |
|
France |
20% |
|
Germany |
19% |
|
Greece |
24% |
|
Hungary |
27% |
|
Ireland |
23% |
|
Italy |
22% |
|
Latvia |
21% |
|
Lithuania |
21% |
|
Luxembourg |
17% |
|
Malta |
18% |
|
Netherlands |
21% |
|
Poland |
23% |
|
Portugal |
23% |
|
Romania |
19% |
|
Slovakia |
20% |
|
Slovenia |
22% |
|
Spain |
21% |
|
Sweden |
25% |
Sunroom doesn’t withhold VAT taxes from your earnings—VAT is paid by Members when they subscribe to you. The VAT paid by Members is given to the country your Member is based.
In many countries, your income earned on Sunroom is classified as taxable income; because tax laws vary by country, so while we’re not able to give you in-depth tax advice here.
Please reach out to your personal banking/financial advisor for personalised information.