News for hackers. Stuff that matters.

A comment on EU VAT rules make EU startups uncompetitive in a global market.

Re:EU VAT rules make EU startups uncompetitive in a global m... by chvatalt on Monday December 01, 2014 @04:59AM (#8680228)
Switzerland is in the middle of Europe but not part of the EU.

Just incorporate there.

[ Parent | on HN ]
Re:EU VAT rules make EU startups uncompetitive in a global m... by Taxamo on Monday December 01, 2014 @05:07AM (#8680246)
The new rules change how VAT on digital services is to be collected. Existing (2014) rules demand VAT to be accounted for based on the location of the supplier, but from Jan 1, 2015, the rules change. After Jan 1 VAT will have to be applied based on the customer's EU location. All digital service suppliers (EU and non-EU) will be affected.
[ Parent | on HN ]
Re:EU VAT rules make EU startups uncompetitive in a global m... by cbg0 on Monday December 01, 2014 @05:03AM (#8680238)
The minimum capital requirement for a Swiss Limited Liability Company is CHF 20,000 and the maximum is CHF 2,000,000. At least 20% has to be paid (in cash or in kind) prior to incorporation.
[ Parent | on HN ]
Re:EU VAT rules make EU startups uncompetitive in a global m... by derickr on Monday December 01, 2014 @05:09AM (#8680251)
It doesn't matter. Any company selling digital services in the EU need to follow the new VAT rules. Including US companies, and of course Swiss ones.
[ Parent | on HN ]