The turnover report simplify the tracking and management of all your tax registration and collection obligations worldwide.
This report will let you know when you are liable for tax collection in a particular tax jurisdiction (other than the country where your business is based), based on either your sales volume or the number of transactions.
Quaderno will notify you via email when you are approaching a threshold in a jurisdiction and when you reached it.
The number of transactions reflected in the report includes all final invoices and credit notes for a particular jurisdiction, regardless of their tax code. Remember that all paid and delivered invoices and credit notes are marked as final automatically.
Refunded sales and reverse charged transactions (B2B sales) won't be included in the turnover report.
We always recommend checking with your accountant or tax counselor to determine your exact tax obligations and whether or not your sales are taxable in a given jurisdiction.
Once your business has been registered in a particular jurisdiction, just click the
Add jurisdiction option so that Quaderno starts calculating taxes for that jurisdiction.
Note that you may find that some transactions show an alert because they need fixing their location evidence.
I received a notification that I reached the registration threshold in Switzerland, but I just made one single sale there.
Switzerland is a special case in the world of digital taxes. They have a global tax threshold based on your total amount of sales worldwide, not only in Switzerland. As we are not accountants, we always recommend reviewing your specific situation with your tax advisor.
A business may need to register and collect VAT in Switzerland if their global sales worldwide are over 100000CHF, no matter how much they've actually sold to Swiss customers.
Quaderno notifies you when you make your first sale in Switzerland, then you can determine with your accountant if you actually need to register there.
I received a notification that I reached the registration threshold for a certain jurisdiction, but I've only made one sale there.
Some tax jurisdictions, like the EU or India, require foreign sellers to collect sales tax if they make even one sale in their territory.
I know I've made sales to customers in a US state, but that state isn't appearing on my turnover report.
Quaderno determines your customer's state based on the postal code (zip code) and country code on the receipt. If you do not see the customer's postal code or country on the receipt, Quaderno wouldn't have been able to determine the customer's state. Please review your integration to ensure you are sending this information to Quaderno.
There is no amount showing next to a country under the threshold column.
That would mean that jurisdiction hasn't added any registration requirements for remote sellers so far.
I received a notification that I reached a registration threshold in New York, but I haven’t met all conditions.
Some states may have multiple threshold conditions based on total sales volume and number of transactions. Quaderno notifies you when you meet one of these conditions, regardless of whether the state has nexus thresholds based on a seller meeting both conditions at the same time. As you may have sales outside Quaderno or sales where the customer’s location could not be determined, this allows you to review your sales with your accountant and determine if you may need to register in a given state.