Our service charges are already VAT-inclusive. Don't worry, as there won't be any additional deductions for VAT-related charges and fees from your payouts as PayMongo shoulders all of it. Our service charges are already composed of the MDR and fixed fee.
As a PayMongo VAT-registered merchant, you can also avail of your input VAT credits when you file your VAT returns, which will positively and significantly impact your cash flow.
We'd love to help our merchants compute the VAT from all the transactions they made on our platform! You can click on the button below to request your VAT official receipt. It will include the detailed service charges (MDR and fixed fee) with a breakdown of the VAT component and withholding tax refund if there are any for the month.