Dobry Den!! I do speak intermediate Czech but I really can\'t speak well enough for this kind of topic so I am hoping someone here might be able to help me in English, because several accountants I\'ve spoken to have given me very different answers. :-(
Firstly, I didn\'t know Adsense users were required to pay VAT from 2010, so I am very behind. I feel like an idiot.
My situation is that I sold text content to an American website and I earn a 60% share of the adsense earnings it makes. I don\'t own the site, and I\'m not even an employee of that company. I was told this might fall under \"copyright laws\" when it comes to taxation, but I don\'t know...
My questions are:
1. I don\'t make 1,000,000 kc from Adsense in 1 year (I wish!!) so I wondering what sort of penalty fine I will have to pay? Do they fine you a percentage of what you earned, or is it a percentage of what you would\'ve had to pay? Very big difference there!!
2. Do you only charge Google Ireland 20% VAT when you exceed 1 million CZK? I have seen things saying you can write 0% on the invoice but that seems odd to me??
3. Is this new VAT law just a formality that only matters if you actually exceed 1 million CZK?? Do I just send them invoices that don\'t really charge anything?
4. If I have to invoice Google Ireland even if I make less than 1 million, please explain how I do this and how much I tax them for, and how it gets paid. Am I liable for it at the end of the year if Google doesnt pay it?? Do I have to pay it from my own account every few months?
Thank you so much, I will be so grateful if anyone can help me in English.
Dekuji Vam moc krat!!