Envato collects country of residence and VAT numbers from Envato Market users in order to meet legal requirements introduced 1 January 2015 to the EU VAT telecommunications, broadcasting and electronic service rules.
How do these changes affect me?
- For EU authors, Envato will manage the EU VAT compliance (i.e. collection, record keeping, invoicing, remittance, and so on) for sales made to non-business customers through Envato Market.
- Although Envato Market operates as a platform, purely for VAT purposes Envato will be the supplier on record and we’ll be working with our EU team and EU authorities to ensure anything authors are required to do is minimal.
- As always, for advice specific to your tax situation we recommend that you speak to a professional accountant or tax advisor. If you have further questions relating to this announcement, you can email: email@example.com.