The Item Store

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FVANtom's picture
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The item store is down due to new regulations in europe called VATMOSS.

This new law states that we have to charge VAT for every sale via a rate of the location of the customer.

Because I don't know where a player is from and I don't want to store such information in our database we took down the store for the moment. I am working on a solution but since I am very busy with BouncerVR also I can't give you an ETA.

Please vote to try and change this policy.
https://www.change.org/p/vince-cable-mp-uphold-the-vat-exemption-threshold-for-businesses-supplying-digital-products

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Last seen: 48 weeks 1 day ago
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Cant you just call it

Cant you just call it donation shop and ACTUALLY use all that money into fixing the game? I mean, people keep donation good amounts of money with no resolution to the current problem. Also, any donations cant be tax by vatmoss. As long you specify is a donation and not a purchase, it should be ok.
Also, many companies are going hard into preparing for the new VR. I don't think bouncer could be more popular then a WELL MAINTAIN TERRA.
I mean, if terra got into it's feet again. It could return into a constant 30 active people. Main problem is the gap between old and new players economics are HUGE! Still thats something that should be argue in a different post. Which you should make.

In short:
Reopen as Donation Shop! Use money to fix game! Everyone happy Smile

FVANtom's picture
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Maybe it works like that in

Maybe it works like that in your country. But it certainly doesn't work like that in mine. Donations are counted as revenue and should be taken into account when paying taxes. After all that the money from donations (and more) is used for hosting.

Currently we're good until the start of the summer. After that we'll need donations again to cover the hosting costs.

I'll do my best to reopen the donation shop as soon as possible though.

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FVANtom wrote: Maybe it works

FVANtom wrote:
Maybe it works like that in your country. But it certainly doesn't work like that in mine. Donations are counted as revenue and should be taken into account when paying taxes. After all that the money from donations (and more) is used for hosting.

Currently we're good until the start of the summer. After that we'll need donations again to cover the hosting costs.

I'll do my best to reopen the donation shop as soon as possible though.

Sorry, I was assuming everything from here:
http://www.revenue.ie/en/tax/vat/leaflets/charities.html

Considering, you dont use the money for personal use. Keep tabs of everything donate and spend. Be able to prove Terra makes less then €41k. You dont even have to register.

In a side note, I do believe VATs 2 ways to prove someone from a country is quite hard. There are the same bank in multiple countries, many people use proxys, they can lie at putting their info, ect... It's virtually impossible to even warranty 1 and they want 2. Seems like some old folks that dont know anything about the internet put a silly tax....

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If all of the money made from

If all of the money made from the donation shop goes into server costs then it's not earned income, it's a business expense and not taxable income to my knowledge... you should be able to deduct any business expenses from any possible taxable income in your taxes. I'm not an expert on EU tax regulations but that's how it works in the US. All you'd have to do is be able to prove that all of the money made from terra is business expense and not personal income..... After all, that is why it is called income tax. Most governments don't/can't tax you if you're not turning a profit and you'd have to make some kind of money after server costs to have profit....

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For revenue taxes, this is

For revenue taxes, this is true. But not for VAT. We have to charge this for all 'sales'. Secondly, we do not fall into a 'charity' category. Donations are seen as sales revenue. No way around that. Thanks for trying to help you guys Smile I appreciate it Smile