Creators that withdraw via the Wehype Wallet withdrawal function can enjoy payments, invoicing and VAT automatically handled by Wehype.
This FAQ aims to provide guidance on VAT invoicing for creators and talent management firms who directly invoice Wehype.
Swedish Creators: Yes, if you are a Swedish Creator, you should include Value-Added Tax (VAT, aka moms) on your invoices to Wehype. As Wehype is located in Sweden, the applicable VAT rate is currently 25%.
European Creators: No, if you are a creator based in any European Union (EU) member state, you do not need to include VAT on your invoices. According to EU regulations, we apply the "reverse charge" mechanism. This means that Wehype, as the recipient of services, will self-account for the VAT under the reverse tax obligation.
Creators Outside of the EU: No, if you are a creator located outside of the European Union, you do not need to state any VAT on your invoices. Our VAT obligations only apply to transactions within the EU.