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Lindendollar price for EU Residents
Cruise Swain
Virtual Life Stream
Join date: 13 Dec 2006
Posts: 60
09-28-2007 12:35
I just looked at the lindendollar price in-world.. and it seems like its exactly the same before VAT was introduced.. does this mean its not yet in effect? Is it just not displaying the VAT and will it take the amount + VAT from your Credit Card?
Ann Launay
Neko-licious™
Join date: 8 Aug 2006
Posts: 7,893
09-28-2007 12:46
From: someone
Anything that you pay Linden Lab for will have VAT applied. This includes:

* Premium account registration
* Purchases from the Land Store
* Land use fees (tier)
* Private Region fees
* Land auctions

What are the items for which Linden Lab doesn't charge VAT?

Transactions in L$ between individual Residents are not subject to VAT.


http://secondlife.com/corporate/vat.php

The Lindex is actually a method for Residents to sell and buy Lindens from each other, not Linden Lab.
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Alicia Sautereau
if (!social) hide;
Join date: 20 Feb 2007
Posts: 3,125
09-28-2007 12:49
don`t be suprised if 1 day u wake up and see they charge 20% for that and 20% on inworld transactions
Cruise Swain
Virtual Life Stream
Join date: 13 Dec 2006
Posts: 60
09-28-2007 12:52
I wasnt talking about inworld transactions between residents..
i was talking about buying L$ from LL inworld using that creepy round L$ buy button next to your L$ balance.
Walker Moore
Fоrum Unregular
Join date: 14 May 2006
Posts: 1,458
09-28-2007 12:54
From: Ann Launay
The Lindex is actually a method for Residents to sell and buy Lindens from each other, not Linden Lab.
I'm not sure that makes it OK because they still facilitate the transaction and profit from it in the form of commission. They should be applying a VAT charge onto transactions where the seller is from the EU, just like Ebay does.
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Ann Launay
Neko-licious™
Join date: 8 Aug 2006
Posts: 7,893
09-28-2007 13:02
From: Cruise Swain

i was talking about buying L$ from LL inworld using that creepy round L$ buy button next to your L$ balance.


So was I. The way the Lindex works is, someone in-world decides to cash out, so they sell their Lindens to the exchange....then you come along and buy them. The Lindex only facilitates a transfer. LL does take a fee for doing this, which I suppose could conceivably be taxable, but you're actually buying the Linden dollars from other Residents.

Walker, I really don't know how the VAT works, but it appears LL is regarding Lindex transactions as non-taxable at the moment.
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~Now Trout Re-Re-Re-Certified!~
From: someone
I am bumping you to an 8.5 on the Official Trout Measuring Instrument of Sluttiness. You are an enigma - on the one hand a sweet, gentle, intelligent woman who we would like to wrap up in our arms and protect, and on the other, a temptress to whom we would like to do all sorts of unmentionable things.

Congratulations and shame on you! You are a bit of a slut.
Sally Silvera
live music maniac
Join date: 17 Feb 2007
Posts: 2,325
09-28-2007 13:02
From: Cruise Swain
I wasnt talking about inworld transactions between residents..
i was talking about buying L$ from LL inworld using that creepy round L$ buy button next to your L$ balance.


That is still buying Lindens from other residents, not from LL
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Denise Bonetto
Registered User
Join date: 31 Jan 2007
Posts: 705
09-28-2007 13:06
Also, why would you pay VAT exchanging a currancy?
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Cruise Swain
Virtual Life Stream
Join date: 13 Dec 2006
Posts: 60
09-28-2007 13:07
Oh i didnt know that..
Oh well.. guess we can put this one to rest then lol
Cristalle Karami
Lady of the House
Join date: 4 Dec 2006
Posts: 6,222
09-28-2007 14:48
Is that the case when you buy at market rate? I thought if you bought at market, you bought from Supply Linden.
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Fluf Fredriksson
Registered User
Join date: 8 Feb 2007
Posts: 248
09-28-2007 15:22
Gee. Do you think a blog post might be a cunning idea? Nothing so far. Two techy blog posts. But not even Reuters seems to have picked up the tax hike...