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Eddy Vinck

Eddy Vinck

@EddyVinck

Working on the future of AI-assisted blogging outside of my day job

Both are true but given my circumstances charging 21% is easier here

Got a response from my accountant

For legal reasons etc I’ll say this is not financial advice and you should talk to a professional yourself

my accountant recommends charging 21% Dutch tax to only consumers from the EU until I hit 10k per year in revenue and pay my taxes in The Netherlands for those consumer customers. Once I hit 10k ARR then I’ll have to start paying tax in other EU countries themselves.

Just need to figure out how to charge a flat 21% to those EU consumer customers only.

@EddyVinck, you don't charge a flat 21% to all EU consumer customers. You apply the VAT rate based on their country (20% in France for instance). If they are businesses, they provide their VAT ID, so you don’t add VAT to their bill.

Both are true but given my circumstances charging 21% is easier here

Ok thank you for the long response! I might have to create some tools to get the right data for my accountant as well I think at some point.

I’m not sure we need to look into it together more, they have experience with other PSP but not Stripe yet

I'm using Stripe Tax and Stripe Checkout, which calculates the tax and generates the invoices + receipts. It works nicely. Need to do a followup call with my accountant to discuss it further.

What's the reason he wants you to charge tax where Stripe Tax dictates zero?

I’m not sure we need to look into it together more, they have experience with other PSP but not Stripe yet

Stripe charges a fee for invoicing, you can use this tool instead zenvoice.io/

I created a Discord for Blog Recorder where I share what I'm working on and also when it has shipped, but I should also really start doing product update emails soon. I would probably do it at most 1x per month with all the new stuff.

Have you validated the project somehow?

And are you 100% sure on the current name?

If both are yes, then maybe! It's a lot of money otherwise

I got lucky and got my .com for $20 after it expired though