New Tax system
The Westphalian Studbook is pleased to announce a new tax system
The Westphalian Studbook is pleased to announce that a new tax system which result in cost savings for all clients has been implemented for the following auctions:
- the Handorf Extra Auctions (summer- and winter auction)
⁃ the Foal Auction
⁃ the Pony Auction
What are the advantages of this new system for our clients ? :
⁃ Great Cost Savings with the VAT of 19% paid only on the Association Commission of 6%
⁃ Vat Registered Businesses with input tax reduction will be able to claim the Value Added Tax through their tax offices
⁃ All our customers still enjoy our excellent auction services for the carefully selected Westphalian horses and ponys which are clinically vetted and x-rayed and insured.
EXAMPLE OF NEW BILLING SYSTEM
Auction price
+ 6 % agency fee
+ 19 % of 6 % agency fee only
+ 1 % Insurance fee
= Amount invoiced