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When I come across a service that helps indie-anyone (authors, musicians, artists), my first question, always, is: what about taxes? This is something even big
by sinyug 5y ago
When I come across a service that helps indie-anyone (authors, musicians, artists), my first question, always, is: what about taxes?
This is something even big services often punt on because of the complexity involved.[1] Not only do you have to collect taxes, but you also have to pay it to the appropriate government. You then have to file periodic returns in each jurisdiction.
The simplest solution for the user in such cases is to let the service become the seller/intermediary between them and the customer. That leave them with just one headache to deal with: whether any income tax is due in the country in which the intermediary is resident/incorporated.
[1] Even Stripe Tax doesn't seem to handle GST in India. (https://stripe.com/en-in/tax https://stripe.com/en-in/tax)
- aswinmohanme 5y agoThe plan is to act as an intermediary between you and readers and take on most of the responsibility and risk associated with moving money. I do understand taxes are a complex hairy beast, but we’ll do our best to handle most of it for you, like generating auto reports and all. Also we use Stripe under the hood so any improvements made by them will be passed along.