New Tax system

The Westphalian Studbook is pleased to announce a new tax system

The Westphalian Studbook is pleased to announce that a new tax system which result in cost savings for all clients has been implemented for the following auctions: 

-        the Handorf Extra Auctions (summer- and winter auction)

⁃        the Foal Auction

⁃        the Pony Auction

What are the advantages of this new system for our clients ? :

⁃        Great Cost Savings with the VAT of 19% paid only on the Association Commission of 6%

⁃        Vat Registered Businesses with input tax reduction will be able to claim  the Value Added Tax through their tax offices

⁃        All our customers still enjoy our excellent auction services for the carefully selected Westphalian horses and ponys  which are clinically vetted and x-rayed and  insured.

EXAMPLE OF NEW BILLING SYSTEM

Auction price

+ 6 % agency fee

+ 19 % of 6 % agency fee only

+ 1 % Insurance fee 

= Amount invoiced