π’ DAC7: What You Need to Know as a Seller on Cults
Since January 1, 2023, the Complete your profile before the deadline to avoid suspension.
π‘ Important: Completing your profile does not mean you will automatically be taxed. This will depend on your personal situation and the tax rules in your country.
Who is Affected?
All sellers residing in the European Union on Cults must provide their tax information, including:
β Full name (or company name for businesses)
β Complete address
β Country of tax residence
β Tax reference number π Where can I find my tax number?
β Place of birth
π Exceptions: Only sellers residing in a country that does not issue tax numbers. In this case, the place of birth must be provided instead.
What are the Obligations for Sellers?
πΉ You must complete your profile with accurate and up-to-date information on your Cults
πΉ If you exceed β¬2,000 in earnings or 30 transactions in the calendar year, Cults must report your information to the tax authorities
πΉ If you fail to provide your tax information on time or provide incorrect information, your may be suspended or closed
Why Collect This Information?
Cults3D is legally required to transmit this data to tax authorities. This declaration does not mean you will have to pay taxes, but simply allows istrations to assess your situation according to the rules in your country. The main objective is to ensure transparency and combat tax fraud.
What Should I Do Now?
βοΈ If you haven't already, update your profile now on your Cults in the legal identity section
βοΈ the accuracy of your tax information
βοΈ Respond promptly if you receive a reminder from Cults
π Failure to comply with these obligations may result in suspension.
If you have any questions, consult the tax resources in your country or us.