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Old 09-14-2003, 11:08 PM  
Webby
Too lazy to set a custom title
 
Join Date: Oct 2002
Location: Far far away - as possible
Posts: 14,956
ZoiNk:

Quote:
Most countries you have to pay a 15% VAT tax on all transactions. There is 1 country I believe that Visa considers part of Visa europe that doesn't pay the tax.
Yup.. watch out for VAT. If you have a UK company that does not trade in the UK (ie net stuff) - there is no VAT - or taxes payable in the UK. (A document from the UK Revenue exempts the tax). In the instance of Gibraltar there is no VAT or taxes due on non resident companies.
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