Sedo VAT applicable buyer

[elmoney]

Received offer 100 eur on LLL.io domain from VAT Applicable buyer, Sedo member since 2003, from Germany. I countered 1950eur, he moved with 195, i countered 1750 and no offers from him.
What means VAT applicable buyer?

 

[Eric Lyon]

Hello,

It means the buyer is located where VAT applies to their deals (It applies to things they buy):

A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale. The amount of VAT that the user pays is on the cost of the product, less any of the costs of materials used in the product that have already been taxed.

https://www.investopedia.com/terms/v/valueaddedtax.asp

Hope that helps,

 

[Acorn]

Received offer 100 eur on LLL.io domain from VAT Applicable buyer, Sedo member since 2003, from Germany. I countered 1950eur, he moved with 195, i countered 1750 and no offers from him.
What means VAT applicable buyer?

Show attachment 105901

SIMPLE ANSWER:
If you're in the US, it makes no difference to you whatsoever.
If you (the seller) are located in Europe, then it makes a difference.
What difference?
It simply means you should factor in the cost of VAT into your own asking price, as the seller may come later to claim a VAT invoice from you, which will be deducted from your sale money.

Wanted to post the Sedo link that contains the answer, but unfortunately I'm not allowed to post links as a new member.
May come back to update the post later with the link when I'm able to post links (if i remember).
But if you google "do you pay VAT tax on sedo domain sales" (without the quotes), it should show at the top on the page, as the first result.

PS:
Decided to still answer the question here in case someone else is still searching for the answer, and lands on this page via Google...as i did.