Quote:
Originally Posted by Jenny S.
Reality is this:
Billing companies simply charge and withhold the VAT, and if you don't have a tax ID # and can't file a claim you are fucked out of 16-22% of your revenue.
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Are you saying billing companies withhold % of tax from your account? So if you make 4000euro, they take their processing fee(let's say 12%) AND they withhold the tax (19% for NL, XX% for UK etc)
So out of 4000 euro, they take 12% billing fee AND 19% VAT?