This article is relevant to US customers only. Overview
In this article, we'll explain GotPhoto's status as a Marketplace Facilitator and how this affects you as a GotPhoto customer.
What is a Marketplace Facilitator?
A marketplace facilitator is any platform that helps sellers and buyers transact business. It provides a platform for sellers to list their products or services, and for buyers to purchase them.
When you sell items via GotPhoto (whether physical or digital), GotPhoto is the Marketplace Facilitator for those transactions. As a marketplace facilitator, we are obligated to collect and remit sales tax for any marketplace seller doing sales through the GotPhoto platform. Tax calculation, filing sales tax returns, as well as the sales tax collection and remittance will follow the states' individual regulations, specifically marketplace facilitator rules.
How does this affect me as a GotPhoto customer?
In order to comply with state-based legislation for Marketplace Facilitators, GotPhoto calculates, collects, and remits state sales tax on all sales made through the GotPhoto platform and owed in all states that apply Marketplace Facilitator regulations.
This is an automatic process, drastically simplifying your tax process. For more information about this process, please check out this article.
State-Level Regulations
Below you will find a list of links to Marketplace Facilitator Regulations in various US States and territories. Please note that this list is non-exhaustive; some links will lead you to the local Department of Revenue website.
While we are happy to provide you with these links, GotPhoto and its employees cannot advise you on tax-related issues. Please seek out a tax advisor for any further queries on this topic.
The Takeaway
As a Marketplace Facilitator, GotPhoto handles the calculation, collection, and remittance of sales tax on your GotPhoto transactions, ensuring a seamless and compliant process.