Hi!
I have an issue with the VAT%, I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.
Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.
Can you suggest me a better idea since I'm still kinda newbie in the field.
I appreciate all suggestions
Vat % through Ukko Invoice
Re: Vat % through Ukko Invoice
So your commission is about 2k. The VAT isn't deducted, it is added on top of your invoice. Companies get to deduct VAT, you lose that option when using Ukko, afaik.Jeanpierre wrote: ↑Fri Jul 24, 2020 12:46 amHi!
I have an issue with the VAT%, I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.
Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.
Can you suggest me a better idea since I'm still kinda newbie in the field.
I appreciate all suggestions
http://google.com http://translate.google.com http://urbandictionary.com
Visa is for visiting, Residence Permit for residing.
Visa is for visiting, Residence Permit for residing.
-
- Posts: 4353
- Joined: Thu Aug 29, 2013 1:24 am
Re: Vat % through Ukko Invoice
Business clients in other EU countries should be charged with the reverve charge VAT process. You charge without VAT and they deal with it in their countries.Jeanpierre wrote: ↑Fri Jul 24, 2020 12:46 amI have an issue with the VAT%, I am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.
Everytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.
Can you suggest me a better idea since I'm still kinda newbie in the field.
https://www.avalara.com/vatlive/en/eu-v ... u-vat.html
-
- Posts: 1329
- Joined: Sat Nov 09, 2019 10:43 am
Re: Vat % through Ukko Invoice
At that income level an own business and the services of an accountant are usually cheaper.Jeanpierre wrote: ↑Fri Jul 24, 2020 12:46 amI am a sourcing agent working as a freelancer, generally I invoice my clients for 6000€ a month + commission.
Something is wrong with your invoices:Jeanpierre wrote: ↑Fri Jul 24, 2020 12:46 amEverytime I send an invoice 24% is deducted and I feel that it's kinda unfair to lose 1500€ every month.
My work is more like a service and my clients all in EU.
https://tuki.ukko.fi/hc/en-us/articles/ ... -overseas-
Ukko wrote:A reverse charge procedure applies within the trade between EU countries. The invoice is sent without VAT and the VAT is paid by your overseas client, who may deduct the amount as his or her own sales VAT.