The amount paid by your members is the gross amount, meaning it includes all charges and value-added tax (VAT). The amount of VAT depends on the country in which each member lives.

Steady takes care of handling the VAT that must be paid from each member's contribution. You don't have to worry about the complications of figuring out different VAT rates in different countries (for different rates compare table).

Each month Steady will send you a detailed statement and will transfer money to your account. The transferred amount will contain your net revenue (all transaction costs deducted), and – for publishers in Germany – the applicable VAT. The VAT on your net revenue will depend on your individual VAT status, either 0%, 7% or 19%. You will need to declare this VAT to the Finanzamt (tax department), just as you must declare income.

For publishers outside of Germany, the "Reverse Charges Mechanism" generally applies. This means that no VAT is added to your net revenue from Steady.

If you have further questions about your personal VAT status, we recommend contacting a taxation adviser. Steady is not able to give taxation advice.

VAT rates for digital publications by members' country of residence

Country

Standard rate for digital services (everything except magazines, blogs, newsletters)

Reduced rate for e-publications (magazines, blogs, newsletters)

Austria

20%

10%

Belgium

21%

6%

Bulgaria

20%

20%

Cyprus (Greek part)

19%

19%

Czechia

21%

10%

Germany

19%

7%

Denmark

25%

25%

Estonia

20%

9%

Greece

24%

24%

Spain

21%

4%

Finland

24%

10%

France

20%

2.1%

Croatia

25%

25%

Hungary

27%

27%

Ireland

23%

9%

Italy

22%

22%/4%*

Lithuania

21%

21%

Luxembourg

17%

3%

Latvia

21%

21%

Malta

18%

18%

Netherlands

21%

9%

Norway

25%

0%

Poland

23%

5%

Portugal

23%

6%

Romania

19%

19%

Sweden

25%

6%

Slovenia

22%

5%

Slovakia

20%

20%

United Kingdom

20%

0%

Switzerland

7.7%

2.5%

* Italy: 4% only for publication with an ISSN Number, upon request

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