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Euro reporting and you: your questions answered
Thursday, May 21, 2009
Since introducing
reports in Euros
for publishers located in France, Germany, Italy, the Netherlands, and Spain, we've received a number of questions about this launch. For publishers in these regions, we've addressed some of your concerns below.
How will my earnings be converted to Euros?
Once you switch to the new reports, earnings generated from advertisers paying in currencies other than the Euro will be converted. This will happen on a daily basis using the prevailing market rate from the previous day. If you generate earnings from an advertiser paying in Euros, they won't be converted.
When I'm issued a payment, will my earnings be converted again?
If you've switched to Euro reports and are receiving payments in Euros, there will be no additional conversions when your payments are issued. However, if you're receiving payments in U.S. Dollars, your payment will be converted from Euros to U.S. Dollars at the end of the month.
When I switch to Euro reports, will that automatically change the currency of my payments?
No, your selected payment currency and method won't change after you switch to Euro reports -- unless, of course, you want them to change. (You can update them by visiting the 'Payments Details' section under your
My Account
tab.)
Will there be a delay in receiving my unpaid earnings once I make this change?
No, making this change will not affect the timing of your payments. After you switch to Euro reports, your unpaid earnings in U.S. Dollars will be
converted to Euros
before the next upcoming payment selection deadline (typically the 15th of each month). For instance, if you make this switch on June 3rd, your unpaid earnings will be converted by June 15th; if you make this switch on June 20th, your unpaid earnings will be converted by July 15th.
How will this change influence VAT and any taxes I have to pay?
While you may receive your payments in your local currency, all payments are being made by Google Ireland, a company incorporated under the laws of Ireland, in accordance with the terms of your agreement with Google. Unless your business is in Ireland, you shouldn't have an obligation to charge Google VAT or treat any of our payments to you as VAT that needs to be paid to any VAT authorities. If your billing address
is
located in Ireland, you may have an obligation to charge Google Irish VAT. For more specific answers, we suggest you head for your local tax adviser.
I'm not located in France, Germany, Italy, the Netherlands, or Spain. When will you include other countries?
We're working to offer Euro reports to publishers located in additional countries. When we do, we'll be sure to post any updates here on
Inside AdSense
.
Do I need to update my account if I'm eligible?
Although this change is currently optional, in the future we will require that publishers located in eligible countries make this switch. Eligible publishers who haven't yet updated their accounts will currently see an interstitial page with additional information after signing in. We understand that some eligible publishers would like to continue receiving payments in U.S. Dollars; while you can still choose to be paid in U.S. Dollars, it will be mandatory to view your reports in Euros.
If you're eligible to make the switch to Euro reporting, we encourage you to review the
updated Terms and Conditions
and update your account soon. To get started, sign in to your account and look for the prompt, "See your daily earnings reported in Euro amounts!" on your Reports
Overview
page. You can also find more information in our
Help Center
.
Posted by Arlene Lee - The
Inside AdSense
Team
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