Skool Payouts in EU / VAT / Business account

Aljaž Plankl

Sep '23 in Product Question

How are you navigating your paid communities if you are from EU?

We have a registered company LLC here in Slovenia, and we want to recieve the payouts to our business bank account

Are others in EU mostly doing this via personal bank accounts?

This is an expalantion from Skool payments FAQ.

"VAT / sales tax Skool handles VAT/sales tax compliance for you. You don’t need to register for VAT or do anything. All VAT/sales tax liability is on Skool, not you. Payouts from Skool to you are VAT/sales tax exempt because Skool is a US company. When a customer is in the EU, Skool will automatically add VAT to the purchase price, capture it, and remit it to the government."

Can EU residents and businesses please discuss about this here and clarify some things.

Is it really ok if we transfer payouts via Stripe to our personal/business account without any additional bills etc.

Skool FAQ says: "You don't need to do anything".

I'm not sure. :)

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