Monday, September 19, 2022
HomeIndie GameA brand new payout system and an replace to dealing with VAT

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


When 2015 rolled round, new VAT tax legal guidelines set in place by the EU affected all sellers with consumers 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.

Starting at the moment a brand new payout mannequin is obtainable to itch.io. A technique the place itch.io will gather cash in your behalf, and distribute it to you in bulk whenever you request to be paid. In this technique itch.io will mechanically apply nation particular tax to all of your purchases the place mandatory, and can file the taxes with the EU quarterly. If you select this new payout mode, you’ll now not have to register as a VAT MOSS vendor, and are now not required to ship quarterly reviews. (Note: This doesn’t imply you don’t need to do any taxes, make certain to test together with your nation’s necessities for revenue tax if mandatory.) 

You can allow the brand new payout mode by navigating the Seller settings web page and deciding on it as one of many choices on the highest. That’s it! itch.io will now be accumulating in your behalf. At the second, all purchases performed with this new payout mode in USD. Please confirm together with your venture pages that the worth of your content material is about accordingly.

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

Note: The previous payout mode remains to be out there and you’ll select between the 2 relying in your wants.

Enjoy!

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