How tax (VAT/GST) is calculated for agent bookings 💰🌍

Surreal will pay the receiving party based on their profile VAT / GST settings. If you're an agency receiving payment that is VAT / GST registered, then VAT / GST will be applied on all portions paid your way, including entertainer portions if you are a payment handling agent.

Agencies on Surreal have two payment options:

1. Direct distribution by Surreal to both agency and entertainer bank account for their relevant payments (known as Non Paying Agents) OR
2. Agents receiving total payment amount settled to their bank account and managing payments outside the software (known as Paying Agents).

For non-payment handling agencies, the payment process involves:

1. Venues generating weekly performance invoices
2. Surreal automatically creating invoices for your agency and entertainers per performance
3. VAT/GST is added as invoice line items based on individual agency and entertainer settings.

4. Surreal distributes payments to your agency and entertainers upon receiving funds from the venues.

   
   

For payment handling agencies:

1. Venues create weekly performance invoices
2. Surreal generates invoices for your agency and entertainers per performance.
3. VAT/GST is added as invoice line items based on the individual agency settings.
4. Surreal distributes payments to your agency and entertainers upon fund receipt.