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 the sale of digital products.

By registering and using the platform as a seller, you expressly authorize NexoRush to issue invoices on your behalf in accordance with applicable laws and regulations, including the EU VAT Directive.

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.

By using the platform as a seller, you provide this prior agreement and accept self-billed invoices as valid accounting documents for each payout period.

• 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
• Self-billing invoices are issued in compliance with applicable EU VAT rules

Sellers must not issue their own invoices for transactions processed through NexoRush, as this would result in duplicate invoicing.

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)

For EU-based sellers who are VAT-registered businesses and provide a valid VAT ID, the VAT reverse charge mechanism may apply to payments made by NexoRush to the seller. In such cases, the seller is responsible for accounting for VAT under the reverse charge rules in their country.

Sellers are advised to consult a qualified tax professional to determine whether reverse charge applies to their specific situation.

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 payouts are calculated based on net revenue after deduction of platform commission, taxes, refunds, and chargebacks. 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 [email protected].

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
• Not issue duplicate invoices for transactions processed by NexoRush
• Notify NexoRush promptly of any changes to your tax status or VAT registration

8. Acceptance

By using the platform as a seller, you agree to:

• The Merchant of Record structure of NexoRush
• The issuance of self-billed invoices on your behalf under Article 224 of the EU VAT Directive
• The processing of payments, taxes, and fees by the platform
• The commission structure and payout terms described above

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: [email protected]