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VLive Europe
General Rules and Regulations
CHAPTER 1
Criteria to become a VLIVE member
- The member must be at least 18 years old.
- The member must complete the member registration form and complete all the details with the new member’s signature.
- An upline sponsor ID is required to join the network. If there is no upline sponsor, please contact VLIVE Portugal for clarification.
- No member fee is required for registration, but the new member must purchase at least a V1 to enrol on the VLIVE network.
- The member has to provide a photocopy of his ID for the company’s documentation.
- The new member has the right to choose their sponsor if invited by more than one person.
CHAPTER 2
Rights of the member
- The member has the right to purchase all products available to VLIVE Portugal.
- The member can access the member’s portal.
- The member can enjoy seasonal promotions offered by the company.
CHAPTER 3
Rights of the company
- The company has the right to terminate a member’s account if it is found to be not abiding by rules.
- The company has the right to access the member’s information and amend if necessary.
- The company has the right to adjust/change/amend the price and policies available to members.
CHAPTER 4
Termination of VLIVE membership
- A member can request to terminate their membership with a written letter directed to VLIVE Portugal.
- After successful termination, the member is forbidden to rejoin the network for 6 months.
- Account transfer is not allowed unless granted.
- Line transfer is not allowed unless granted.
- A member whom the company terminates will not be allowed to rejoin the network for at least 12 months.
CHAPTER 5
Membership maintenance
- New member who transacted a first time purchase will get two months maintenance (the month the transaction is done and also the following month).
- A member who purchased a V1 or V3 will be given 45 days grace period, from the date of registration to upgrade the membership to V3 or V6 by just topping up the balance. After exceeding 45 days, the member will have to pay full amount to upgrade.
- Autoship for one month is performed when a member made a purchase with at least 75BV. Autoship of more than 75BV will be carried forward to the following month.
- Membership maintenance can also be performed when the member sponsors two new members (at least V1) within the same month.
Vlive Member Tax Obligations
The Vlive Member must issue a receipt or invoice for all commissions received.
Commissions at VLIVE are considered to be all earnings achieved in each member’s Account (Backoffice), identified by registration ID, in BVs or in cash, originating from any type of company bonus and used, in the form of Cash Withdrawal, or purchase of products in PP’s (Product Points), whether in your own account or in the account of third parties.
In other words, in the case of purchases made for other members, in PPs, the tax document is the responsibility of the Member, who made the purchase, using the balance in pps of their Vlive Account.
The process of paying commissions, in pps or cash, only happens when Vlive International Unipessoal Lda. receives the tax document.
Payment of the withdrawal, in cash, requested between the 1st and 15th of each month, is made between the 1st and 3rd following business day, and requests made from the 16th to the last day of the month, are also made between the 1st and 3rd following business day.
The commission agent must inform VLIVE of his VAT regime, as well as any changes to his regime, by sending a copy of the declaration of commencement of activity or change of activity, stating this fact, so that the calculation of commissions, and respective documentation, are updated correctly.
If you are exempt from VAT, you must include this fact on your Receipt, or Invoice – Receipt. Please consult a specialist
If you are subject to VAT, you must include in your receipt issued to VLIVE, the amount of tax levied on commissions, at the normal rate applicable at the time, 23%.
Vlive will pay you the amount of VAT presented.
The commission agent has the legal obligation to deliver to the State, through a periodic declaration, the VAT received, deducted, if applicable, from the VAT paid on the acquisition of certain goods or services necessary for his activity. For more information, consult a specialist.
Vlive is not responsible for any delays or non-compliance with the VLIVE commission agent’s tax obligations.
Note: this information can be further investigated by a specialist.
Vlive International Unipessoal lda reserves the right to make changes whenever it deems necessary.
FAQs related to tax obligations
What tax document options do I have at VLIVE?
1. Accumulate BVS, until the moment you decide to use them, exchanging them for Products (purchases in PPs) or cash withdrawals. At this point, you do not have any tax liability.
2. Open activity, with CAE – 82990 (OUT. ACTIVITIES SUPPORT SERVICES PROVIDED TO COMPANIES) or IRS code – 1319 (COMMISSIONERS) and receive your bonuses, in pps or cash withdrawal, fortnightly, monthly, or other , as you wish.
3. ISOLATED ACT – see explanation below.
I want to receive my Vlive earnings and I have no activity open…
You can accumulate it in your Member account and when you want to receive it, whether in Product Purchases (in PPs) or withdrawing the Cash Value, you must issue an isolated act, which you can do once a year, up to a maximum of €25,000.
Are you going to issue an isolated act, but don’t know how to do it?
An isolated act in the IRS is defined as a spontaneous provision of service, which is not performed regularly. It is, therefore, a way to receive some extra money without being linked to any entity.
Does the isolated act require opening activity?
To issue the isolated act, it is not necessary to open an activity in Finance, except when the amount of the single act exceeds €25,000. In this case, the taxpayer is obliged by law to open an activity as an independent worker, which is also no longer considered an isolated act.
To issue an isolated act, you must enter the personal area of the Finance Portal, with NIF – Tax Identification Number and password. Then you must access “Green Invoices and Receipts”, where you can issue an invoice, invoice or receipt.
We recommend that you consult a specialist in the area to resolve all your doubts.
If the date of service provision coincides with the date of payment, a receipt invoice must be issued. Otherwise, you must first issue an invoice, and after payment, the respective receipt. You do not need to identify that it is an isolated act, because the Tax Authority automatically assumes it when there is no open activity.
The issuance of the isolated act requires payment of the current VAT rate and, when income exceeds 13,500 euros (value is updated by FINANCES), it is mandatory to make a withholding tax of 11.5% by Vlive International LDA.
Normally, the incidence base for the isolated act is 100%.
A declaration of commitment will be made between the Vlive member and Vlive International, Lda. where they expressly declare that they will deliver an isolated tax document at the end of the year relating to the commissions used. In the event of failure to deliver this legal document, the member’s account will be blocked and the member will lose any amount in it or that he or she may receive subsequently.
Can I accumulate my activity as a commission agent with the benefit of the old-age pension?
Yes. As a general rule, self-employment and pension benefits are cumulative. Please consult a specialist.
In the future, Vlive International Unipessoal lda can only pay Bonuses, of any category – Products or money – through a legally accepted tax document.
Here we attach some links that may be useful:
https://www.doutorfinancas.pt/carreira-e-negocios/ato-isolado-o-que-e-e-como-emitir/