Self-Billing & Tax Information

This page explains how NexoRush, operated by GlobalBay, handles invoicing, VAT, and seller payouts under its Merchant of Record (MoR) model combined with a self-billing system for eligible supplies made by sellers to GlobalBay, including digital products and freelance services.

Registration alone is not self-billing consent. Before an invoice can be issued, the seller must actively accept the current self-billing agreement; the accepted version and time are recorded.

1. Merchant of Record

NexoRush acts as the Merchant of Record for all transactions conducted on the platform. Customers purchase products directly from NexoRush and not from individual sellers.

• NexoRush processes all payments
• NexoRush issues invoices to customers
• NexoRush calculates, collects, and remits applicable taxes including VAT
• Sellers receive earnings net of applicable fees, taxes, refunds, and adjustments

2. Self-Billing Invoices

The platform operates a self-billing system in which NexoRush generates invoices on behalf of sellers, in accordance with Article 224 of the EU VAT Directive (2006/112/EC), which permits the recipient of a supply to issue invoices ("self-billing") provided prior agreement exists between the parties.

After an invoice is issued, the seller must review it in the seller dashboard and either accept it or report it as incorrect. This provides the agreed procedure for accepting each invoice.

• Invoices reflect seller earnings for each payout period
• Platform fees and deductions are clearly indicated
• Invoices are made available for download from your seller dashboard
• The document shows “Factuur uitgereikt door afnemer” / self-billing where required
• Buyer-side Stripe Tax is never reused as seller-side tax

A seller should not issue a duplicate invoice while a valid self-billing invoice covers the same supply. If the seller reports an invoice as incorrect, NexoRush marks that document invalid without rewriting it and reviews whether a separate correction or replacement is required. If the parties do not agree a correction, the supplier remains responsible for issuing any invoice required by the law applicable to that supply.

3. Taxes and VAT

As the Merchant of Record, NexoRush is responsible for calculating, collecting, and remitting VAT on all customer sales, based on the customer's location and applicable tax rules.

• VAT is calculated based on the customer's country of residence
• NexoRush remits VAT to the relevant tax authorities in accordance with EU VAT OSS (One Stop Shop) rules and other applicable regulations
• Sellers may be required to provide a valid VAT ID or tax identification number where applicable

VAT Reverse Charge (B2B)

A VAT reverse charge is applied only when the verified facts support that treatment. Country, legal form, Stripe Connect or Payoneer alone do not determine it. If the treatment cannot be established safely, the document remains under manual review and no final VAT conclusion is generated.

The seller tax treatment is reviewed independently from buyer-side Stripe Tax and independently from the payout provider.

Seller Tax Obligations

Sellers are solely responsible for declaring and paying any income tax, corporate tax, or other taxes related to their earnings from the platform. NexoRush does not withhold income tax on behalf of sellers.

4. Seller Payouts

Seller records distinguish remuneration before seller-side tax, seller tax where applicable, and the total payable. Seller VAT is not treated as platform margin. Payouts are processed on a monthly basis, provided the seller's available balance meets the minimum payout threshold.

Commission rates are as follows:

• Exclusive products: 15% commission
• Non-exclusive products: 20% commission

Funds from each transaction are subject to a 14-day holding period from the date of sale before becoming eligible for payout, to account for potential refunds, disputes, and chargebacks.

Payouts are processed via third-party providers such as Stripe and Payoneer, and may be subject to minimum thresholds or verification requirements imposed by those providers.

NexoRush reserves the right to delay, adjust, or withhold payouts in cases of refunds, disputes, fraud investigations, or compliance requirements. Sellers will be notified where legally permissible.

5. Invoice Records and Retention

All invoices and transaction records are stored by NexoRush for compliance, accounting, and legal purposes. In accordance with applicable EU and Dutch law, financial records including invoices are retained for a minimum of 7 years.

Sellers can access and download their invoices at any time from their seller dashboard. Sellers are also responsible for maintaining their own accounting records in accordance with the laws of their country of residence.

Upon account closure or termination, sellers may request a copy of their invoice history by contacting support@nexorush.com.

6. Termination of Self-Billing Arrangement

The self-billing arrangement remains in effect for as long as the seller maintains an active account on NexoRush. Upon account closure or termination, the authorization for NexoRush to issue self-billed invoices on the seller's behalf will cease for future transactions.

Invoices already issued prior to termination remain valid and are not affected by the closure of the seller's account. NexoRush will retain copies in accordance with the retention period stated above.

7. Seller Responsibilities

• Provide accurate legal, tax, and payment information
• Provide a valid VAT ID or tax number where required by applicable law
• Ensure compliance with applicable tax laws in your country of residence
• Declare earnings to relevant tax authorities
• Maintain proper accounting and financial records
• Review each self-billing invoice and promptly report any inaccuracy
• Not issue a duplicate invoice while a valid self-billing invoice covers the same supply
• Notify NexoRush promptly of any changes to your tax status or VAT registration

8. Acceptance

Self-billing consent is collected through a separate, unchecked control during onboarding or payout setup. NexoRush records:

• The seller's affirmative agreement
• The agreement date and time
• The self-billing terms version
• Any reported inaccuracy, rejection, correction or replacement

Official references

The workflow is based on published rules, including:

• Belastingdienst guidance for invoices issued by the customer
• EU VAT Directive, including Article 224
• European Commission VAT invoicing requirements

9. Contact

For questions about invoicing, VAT, or payouts, contact us at:

GlobalBay (operating NexoRush)
De Nieuwe Erven 3 Unit 13664
5431 NV Cuijk
Netherlands
Email: support@nexorush.com