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Is the Xolo Go fee applied to the amount with or without VAT?

Last updated: January 03, 2024

Xolo Go fee of 5,9% is applied on the net sum i.e. without VAT.

For instance, if you issue an invoice in the amount of €100 to your VAT-paying customer, the invoice total amount will be €122. When you receive €100 + 22% VAT = €122 from your customer, the VAT (which has to be paid to the authorities) gets deducted and it will be paid to the tax authorities by Xolo. You will receive €100 - 5,9% = €94,1 to your personal bank account.

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