calm down guys
Quote:
Originally Posted by NatalieK
so, get an accountant & do pay your tax & Vat on income as you´re creating the content, so when selling it, vat does have to be paid on all the income from film productions of pornography, even in the UK  |
It's about my privacy not about taxes, with regular EU company (non cyprus) i have no way to keep my real name out of the game. That's my concern.
About the VAT i don't agree. Don't know if you are taxed in UK or Spain, UK may be different. But Platforms like MC already collect and pay it depending on consumers location, what you get is just a commission from that already VAT taxed money.
Income from outside the EU (3rd countries) is not VAT taxable in most cases in general.
So if you pay VAT on all your income, i'd possibly get another consultant cause he possibly was too lazy to figure out all the details or has no idea.
Technically we also do not earn income from film productions, we are just selling licenses which is a very different thing in terms of taxes and taxability. But even that depends on the exact terms of each platform but i'd bet they all work with the commission on the license sell approach and you never have a direct contract with the people watching your stuff. Such a direct contract would be crucial to consider it as a film production.
Only exception could be customs that could be considered film production, but also that depends on the terms.
So yeah, paying taxes good and fine. But be sure to pay too much, goverments can't handle money!
Back to topic:
Decided to with MC since it's overall the best package since the cut the payment processors take is quite huge and so the difference is not worth all the hustle.
Thanks for the help & chill guys!