FinHub Tax Clarification
Overview
FinHub operates as a service provider globally through different FinHub contracting parties based on the client's account location, which creates complexity regarding the taxation of fees.
Given FinHub's practical service-provider approach, the table below details VAT taxation application and percentages.
VAT taxation table
| Contracting party from FinHub Group | Country of customer's registered address | VAT % |
|---|---|---|
| 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% |
Cross-country services
"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."