FinHub is a service provider that operates globally by different FinHub’s contracting party based on the location of the Client’s account which creates complexity regarding the taxation of the payable fees.
As the fact that FinHub’s main approach is to be practical service provider to the Clients, in the table below can be checked how the VAT taxation will be applied and the respective percentage:
| Contracting Party from FinHub Group | Country in which is the registered address of the Customer | VAT percentage |
|---|---|---|
| FINHUB EAD | Republic of Bulgaria | 20% |
| FINHUB D-A-CH GmbH | Federal Republic of Germany | 19% |
| FINHUB USA LLC | United States | 10% |
| FINHUB TECH UK LTD UIC 12968265 |
United Kingdom | 20% |
| FINHUB MIDDLE EAST AND AFRICA TEKNOLOJI TICARET ANONIM SIRKETI | Republic of Turkey | 18% |
| FinHub APAC PTE. Ltd. UEN 202339230H |
Republic of Singapore | 7% |
For the cross-country provision of services, VAT taxation is exempt if this is not contrary to the law in the country where the Client’s account is located.