On 1. January 2015 the European Union changed its VAT legislation. This change has a major impact on startups, especially SaaS providers. Read on for the whole story on what happened and how that will affect you and your business.
Thursday: Call our tax consultant to clarify VAT legislation. I had put it on my checklist. And it did not have high priority. In the end, it’s simply VAT, Value Added Tax, a sales tax added to the money that we invoice, right?
Boy, was I wrong.