Change Account Currency Question

to do or not to do?

[vertigo72]

Did someone here changed the account currency from US$ to Euro or to CHF? Did you notice lower earnings after that or not?

I remember there was a lot of people saying that earnings will be lower because of the difference in VAT between US and Europe. Is that true?

[jetteroheller]

The currency change has nothing to do with VAT. I changed end of June. Since the US$ is declining, it's an advantage to have all immedeately converted and not only after to the end of the next month.

[vertigo72]

Can you explain please why this is independent of VAT? As I understand it, VAT in Ireland is 2x bigger than in US.

Also, did you changed to € or CHF?

Thanks!

[jetteroheller]

There is no VAT between US and EU,
it's treated as "export" and is free of VAT

and between Irland and publishers in other EU contries.

I have an EUR account now since end of June

[vertigo72]

Thanks!

> and between Irland and publishers in other EU countries.

Well, CH is not in EU

[jetteroheller]

Since CH is not in the EU, it's seen as an export,
exports are VAT free.