The Customer sells a variety of popular apps through the mobile store of one of the worlds largest mobile companies.
The Customer, who lives in South America, had a developer account registered in Switzerland which meant the mobile company required payments to be made within Switzerland. The Customer was not resident in Switzerland and didn't want to fall prey to the high rates of tax there. They needed a Swiss registered entity to invoice, receive the funds and then pay them across to their personal account in Chile. They could then pay local taxes in Chile as a self employed individual.
The Customer was being paid funds by a company registered in Switzerland but they wanted to pay local tax in Chile where they were domiciled. They requested Contractor Taxation assist them with a payment and invoicing solution for Switzerland.
We introduced the Customer to one of our Swiss partner companies who provide an efficient, cheap payment and invoicing (P&I) service. WIth P&I the Customer signed a simple one page contract with the local partner and provided basic personal information to verify their identity. Our local partner set them up within minutes and also signed the mobile operators terms and conditions. They provided their local tax registration certificates and certificate of incorporation to the mobile operators compliance team. The local partner handled invoicing the mobile company, receiving funds, filing of VAT / Sales tax in Switzerland and payment to the Customer. The funds were transferred to the Customer on the same day they were received by our local partner.
The Customer received their funds within 24 hours of the end client making payment and they avoided any dealings with the Swiss tax regime. By keeping their tax affairs restricted to the familiar Chilean tax system they could keep their focus on building and improving their stable of mobile applications.
Products and services your company used
- Local invoicing
- International payment
- Reporting and payment of taxes
Services provided by other groups or companies
Contractor Taxation used the services of one of our specialist local partners in Switzerland to invoice the mobile operator, receive the funds and make payment to the Customer.