If you’ve never requested a payment, the value provided is merely a reference, and a 30% tax withholding is applied. However, once you initiate your first payment request and your data is verified, the system will compute the actual taxes and generate a comprehensive sales report. Remember that in addition to the 10% Itch fee, you should also account for any payment method commissions and applicable taxes.
GreenNontr
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itch.io Community » itch.io » itch.io tips · Created a new topic Understanding Taxes, Fees, and Earnings on Itch.io
Hello Everyone!
I've noticed some confusion around taxes, fees, and earnings on Itch.io, so I wanted to share some insights. If you're new to the platform or haven't requested a payment yet, here's what you need to know:
Reference Value: The initial value you see (before requesting a payment) is just a reference. It includes a 30% tax withholding.
First Payment Request: Once you request your first payment and your data is validated, the system calculates the actual taxes. You'll receive a complete sales report.
Deductions
- Itch Fee: Itch.io deducts 10% from your earnings by default.
- Payment Method Commissions: Additional fees may apply depending on your chosen payment method.
- Applicable Taxes: Keep in mind any relevant taxes based on your location.
Remember, if you encounter any account-related issues, it's best to reach out to Itch.io's support team directly. They're here to assist you!