Add Tax to Your Artist's Royalties ✪

When you are auto-paying your artists or creating self-bill invoices on your artist's behalf, it may be that your artist is tax registered and you are required to add a Sales Tax or VAT on top of their royalties total. In this article we will discuss how you can add such tax information on Curve on your artist's behalf.

1

Set Up the Tax Info in the Payee

You can add tax information for your artist on Payee level. To get started, please go to Contracts > Payees.

In the Tax Info area of your Payee, you will need to complete the following three fields.

VAT/GST/Sales Tax No. - This is your artist's tax number. This number will be displayed on the self-bill invoice.

Tax Wording - Here you specify how Curve will phrase the Tax. This usually differs from country to country and will be dependent on where your artist is based (eg VAT in the UK, Sales Tax in the US, GST in India, …).

Self Billing Tax Rate – This is the tax rate that will be applied to the Balance and Self Invoice for this Payee.

The Withholding Tax and Fees Invoice Tax Rate fields are only relevant if you'd wish to add WHT or apply a Tax on your commission respectively.

2

Enable Self-Billing in the Contract

Tax will only be added to the Contract when also the Generate Self-Billing Invoice option is enabled on the Contract. When generating Self-Billing Invoices, we also recommend the Auto-Payment option being enabled, so that any payable balances are automatically cleared, and you are notified of a Payment Due via the Statement Export in your Period.

3

Review the Output

Once the balance of your Contract reaches its Minimum Payout, Curve will calculate the Tax Amount by applying the Tax % to the Balance and adding this amount as a Transaction. You can view this Tax Transaction on the Transactions tab of your Contract. Additionally, this Tax will also display on the Statement Of Account and Self-Billing Invoice.