iAD 750 USD last month -> On my bank arrived 65 Euro

BigDave

I just waited for the iAd money of this month which was at 750 USD.
On my bank depot arrived 65 euro at the 4th of september from apple.

Any one has an idea why?

jigglybean

US tax, the $ conversion rate. US tax rate for folks outside is a whopping 40%. I was told we can claim this back but have to wait for the beginning of the US new tax year. The UK and US have some kind of arrangement.

Not sure about those outside of Europe. Your best bet is to contact the US tax office or your local tax office for international arrangements.

I was considering opening up a virtual US office because my Euro sales compared to US are 5-1

I suggest that any money you make from advertising, stick it in Paypal if it is an option, then use it to pay any freelancers, your next year as a Pro member or anything else where you need to pay dollars for.

That's what I plan to do with my advertising money, because we lose just too much in Europe when it changes currencies.

BigDave

nice insights but

579 EURO = 750 USD
TAX 40%

=347 EURO

still doesn't make sense

BigDave

weblantis

You received the iAd money for July 2014 and not August! The big cash comes next month :-))

BigDave

@weblantis‌
Ahhhh just figured it, what a weird world we live in.
Thanks man!

weblantis

It's the same with all the stores. You have to wait up to three month with Amazon, Play Store, Windows, Chartboost and so on.

BTW: In Germany we have not to pay a 40% US Tax Rate. After we are approved all firms pay the complete money we received and we have to pay the Tax in Germany.

BigDave

@weblantis
Thanks for the tax info!
Thought so too and it scared me for a moment with the 40%

Since we do our own taxes here in germany. that should be enough.

LumpApps

Same in the Netherlands. Btw verlegt is what it's called I believe because we have a treaty of some sort with the US. Are you guys close to the Netherlands? I live in Nijmegen close to Kleve.

lycettebros

750 nice!