Due to European legislation, we are required to share certain seller information with the Tax Office. But don’t worry, this does not mean you’ll have to pay taxes on your earnings – nothing is changing in that regard!
Here’s what you need to know:
We are obligated to report on sellers with more than 30 sales or total earnings exceeding €2000 in a calendar year to the Tax Office. Again, this is purely an administrative requirement and does not mean you’ll be taxed on your earnings.
What does this mean for you?
- After 25 sales, we’ll ask you to provide any missing information.
- After 28 sales, if you haven’t yet submitted the required details, we will temporarily disable the ability to request a cash-out.
- Once you’ve provided the necessary information, all restrictions will be lifted!
What information do we need from you?
- Your Tax Identification Number
- Your full name
- Your address
- Your IBAN / bank account number
When these regulations apply to you, you’ll receive a separate email with instructions on what to do. Be sure to submit your information on time to avoid any account restrictions. For more details on this legislation, visit the Tax Office’s website.