You define your GROSS MARGIN (that is, before withholding) and we pay you the amount once the withholdings in force have been applied.

What retentions do we apply?

1- The VAT of the country where the sale was made.
2- 2- The IRPF of your country of fiscal residence.

In detail:

Once per quarter (see dates here) we accumulate all the author's rights generated in all your stores subtracting the royalties of the canceled or returned orders and if the total of your royalties does not reach the minimum required for payment (25 GBP), you will receive an email summary of your activity and these royalties will carry over to the next quarter.

1- ROYALTIES CALCULATION & VAT

The VAT of the country where the sale was made.

2- DOCUMENTATION & TAXATION

There are 3 fiscal profiles that you, as a user and possessor of one or several personal stores, can have:

Private user, autonomous professional or Company.

In the 3 cases, following the criteria of the Tax Agencies, both Spanish and those of other EU countries, Nextalia Ventures SL considers your activity as an operation subject to Intellectual Property and to Tostadora.co.uk. as a simple distribution platform.

IAccording to national and international regulations, your income is subject to the following withholding:

Individual: labour incomes by canon (transfer of exploitation of artistic works)

- 24% in case your country does not have any signed double taxation agreement in force with Spain
- or the % marked by the double taxation agreement if it is signed and in force (for example 0% for UK).

Companies and freelancers: economic activities

- 24% in case your country does not have any signed double taxation agreement in force with Spain
- or the% marked by the double taxation agreement if it is signed and in force (for example 0% for UK).

IMPORTANT: the value of the withholding may vary depending on the double taxation agreements in force between Spain and your country of tax residence at the time of the settlement of your royalties.

Check with your tax advisor if this forces you to file a tax return.