Since GVL royalties are subject to VAT at a rate of 7%, please check and inform us if you are:

• Are a small business owner. (Does the small business regulation according to §19 UStG apply to you? This is the case if your part-time revenue, e.g. from GVL royalties, did not exceed €22,000 last year and is not expected to exceed €50,000 in the current year), or
• are subjected to sales tax. (Do you issue invoices yourself with sales tax shown or do you make sales tax reports to the tax office?)

If this is the case, please inform us as soon as possible of your correct VAT number, as this is decisive for the payment of future distributions. You can find this information, for example, on your last sales tax notice.  Alternatively, you can also provide us with your VAT ID. In Germany, this is represented as follows: DE+9 digits.

If you have any questions or are unsure about your VAT liability, please contact your local tax office.

Please note that we cannot make any payments of outstanding remuneration to you until your VAT liability has been finally determined.