About Reverse VAT charge
Reverse VAT is a tax paid on Bolt's commission. Please note the following: Reverse VAT is paid directly to VMI, not Bolt. Self-employed drivers are responsible for paying taxes to the state. VAT is only payable on the BOLT commission fee, not on the total earnings.
How to calculate Reverse VAT charge
Every month while you are active on the Bolt platform, we send a monthly invoice to your e-mail. The Total with VAT (EUR) line indicates the amount of the Bolt commission. You are required to submit and pay 21 % of this amount to VMI until the 25th of the following month. In the below example, you were charged 512.72 € in Bolt commission per month. From this amount you have to calculate 21 % "reverse" VAT, which will be 107.67 €.
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Important FAQs about VMI Reverse Tax
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