Community

(incorrect: ) No special vAT declaration for financial transaction costs

LD
2024-12-07

Question

I have checked this with a tax specialist. Their opinion: Shopify is not a financial institution, so the VAT exemption on transaction costs does NOT apply.

The following is therefore incorrect:

I learned today that you do not have to file a special vAT declaration if, for example, you upload your monthly Shopify transaction cost report to Dexxter as a purchase invoice. Even though Shopify is registered in Ireland. After all, there is no vAT required on financial transaction costs: https://www.wolterskluwer.com/nl-be/expert-insights/financial-services-subject-to vat in Belgium by 2025

I wonder if I will be able to recover the unnecessarily paid vAT from Intervat…

Hello,

That's correct!

If Shopify were a financial institution (which it is not), then it would fall under non-VAT-liable services. In that case, they would not pass on the VAT to you because no VAT would be charged.
If they do not charge vAT because it is not subject to VAT, then you should not have had to submit a special vAT declaration, because there was simply no vAT.

However, Shopify is indeed a regular company and they do apply reverse charge vAT. They should actually charge vAT, but in the international context they simply transfer all vAT formalities to you. So you do indeed have to submit a special vAT declaration.

Ask a question
Ask your question to the Dexxter community with over 25.000 sole traders and verified Dexxter experts.

30-day free trial. No credit card required.

You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.

Community

Other questions from the community

invoice numbering

Invoice without own VAT number

QR code not working?

DePRECIATION possible for training courses already booked

Can you claim expenses for which the invoices are not stated in your own name?

Self-employed helper

invoice vAT

Order form

Getting started with Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter

Unfortunately! Our community is currently only open to people who are starting a trial period on Dexxter