For those who don't know (and are probably in the US), VAT is a fairly high tax charged in the EU. Apparently, they are bringing down the whip on VAT charges for microtransactions to European users. It is still gray area if you are a US game selling in-game products to Europeans and you can basically decide if you are going to comply or not, but it is clear-cut for a European game selling to Europeans (you need to be charging VAT). The law was not clear before, but it has been adjusted to ensure VAT applies to digital purchases.
Here is an interesting thread from VPS talking about it.
Interesting thread about VAT for microtransactions
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Jackolantern
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Interesting thread about VAT for microtransactions
The indelible lord of tl;dr
Re: Interesting thread about VAT for microtransactions
Oh god. Soon they'll be taxing the very air we breathe. Screw fiat, screw capitalism, I'm moving to Thailand.
Fighting for peace is declaring war on war. If you want peace be peaceful.
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Jackolantern
- Posts: 10891
- Joined: Wed Jul 01, 2009 11:00 pm
Re: Interesting thread about VAT for microtransactions
Just don't insult the monarchy! That can get you life in prison!Chris wrote:Oh god. Soon they'll be taxing the very air we breathe. Screw fiat, screw capitalism, I'm moving to Thailand.
The indelible lord of tl;dr
Re: Interesting thread about VAT for microtransactions
I've said that for years. Eventually, I personally believe they will make us pay a yearly charge or something for just existingChris wrote:Oh god. Soon they'll be taxing the very air we breathe. Screw fiat, screw capitalism, I'm moving to Thailand.
