Tax Policy for Fanime Marketplace
At Fanime Marketplace, we strive for clarity and transparency in all aspects of our operations, including tax management. Below, we explain how taxes are handled for all transactions conducted on our platform.
Who Handles the Taxes?
As the marketplace facilitator, Fanime Marketplace manages and applies all taxes for transactions made on our platform. Vendors on our marketplace are not responsible for collecting, remitting, or managing taxes associated with their products.
Applicable Taxes
The taxes applied to sales depend on various factors, including the buyer’s location and the relevant tax laws in their jurisdiction. Taxes will be calculated based on applicable local, state, and federal laws as required by law.
Sales Tax: For orders placed by customers in regions that require sales tax to be collected, Fanime Marketplace will calculate and collect the appropriate sales tax rate.
Tax Rates: Sales tax rates are determined by the buyer’s shipping address and in compliance with tax laws in both Canada and the United States.
How are Taxes Calculated?
Sales tax is automatically calculated at checkout and added to the total price of eligible orders based on:
- The destination of the order (the buyer’s shipping address).
- The products being purchased, as some products may be exempt from tax or taxed at different rates depending on local tax laws.
Tax Exemptions
If your purchase qualifies for a tax exemption or you are otherwise not subject to sales tax, please contact Fanime Marketplace customer support before placing your order. You may be required to provide appropriate documentation to support the exemption.
Tax Remittance
All taxes collected on purchases will be remitted by Fanime Marketplace to the appropriate government authorities. Vendors are not responsible for submitting taxes; this responsibility lies with Fanime Marketplace as the facilitator of the marketplace.
Changes in Tax Policy
Fanime Marketplace reserves the right to modify this Tax Policy at any time to comply with changes in tax laws and regulations. You will be notified of any significant updates to this policy.
Questions and Support
If you have any questions regarding taxes or how taxes are handled on Fanime Marketplace, please don’t hesitate to contact our customer support team at support@fanimemarket.com.