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A brand new payout system and an replace to dealing with VAT

A brand new payout system and an replace to dealing with VAT

A new payout system and an update to handling VAT

When 2015 rolled round, new VAT tax legal guidelines set in place by the EU affected all sellers with patrons within the EU. itch.io responded by giving sellers all the mandatory info to adjust to the brand new rules, however the burden of registering as a VAT MOSS vendor and submitting taxes was left as much as the vendor. This wasn’t that nice.

Beginning right this moment a brand new payout mannequin is out there to itch.io. A way the place itch.io will accumulate cash in your behalf, and distribute it to you in bulk whenever you request to be paid. On this methodology itch.io will robotically apply nation particular tax to all of your purchases the place vital, and can file the taxes with the EU quarterly. Should you select this new payout mode, you’ll not must register as a VAT MOSS vendor, and are not required to ship quarterly experiences. (Be aware: This doesn’t imply you don’t should do any taxes, be certain to verify together with your nation’s necessities for revenue tax if vital.) 

You possibly can allow the brand new payout mode by navigating the Vendor settings web page and deciding on it as one of many choices on the highest. That’s it! itch.io will now be amassing in your behalf. In the mean time, all purchases performed with this new payout mode in USD. Please confirm together with your challenge pages that the value of your content material is ready accordingly.

On the My video games web page you’ll discover a brand new tab for payouts. From right here you’ll be able to handle any current payouts, or request a brand new one. Presently itch.io is ready as much as ship payouts over PayPal, however in case you want a particular association please be happy to get in contact. You possibly can declare purchases for payout 7 days after they’ve been accomplished. 

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Be aware: The outdated payout mode remains to be accessible and you may select between the 2 relying in your wants.

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