Please note: you have to add 41,57% to a bid:
21% Belgian VAT
17% auction costs
3,57% Belgian VAT on the auction costs
Maybe the initial 21% VAT is refundable for export outside of the EU Customs Union - don't know - please contact the auction site if you want to know for sure.
- Tree Tousand
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If I read your post correctly: Belgium VAT 21% (of sale price) + Auction cost 17% (of sale price) + VAT 3,57% (on auction costs) (thus 3,57% X 17%) = 0,6069% (of sale price)
Total = 38,60% (on sale price)
Or am I missing something?
Thus: 21% + 17% + 3,57% = 41.57%
An online initial bid of 10.000 Euro thus means: 10.000 x 1,4157 = 14.157 Euro real cost.