Whichever AI is best at scanning listings for illicit items.
Twetch is not responsible for any seller incuring taxes.
What specific taxes are you worried about?
Post by Ironshirtz
VAT
running a marketplace online is not like it used to be
the marketplace itself is now required to collect and pay VAT on sellers behalf
UK, EU, 40 US States, and others
What the chain says
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- 961 816
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So sales tax.
So when Twetch Road sales hit a transaction threshold marketplace facilitator laws kick in.
They have made it harder but not impossible.
Do these laws apply to Jpegs?
marketplaces, come 2028 it will apply to everything in EU
the biggest problem is knowing the location of buyers
if you have EU customers you must pay VAT in EU for example
Yep they are making it difficult.
So when listing items for sale only Twetch Green users can do so. Anyone can buy but only Green can sell.
At listing it can't be that difficult to add the VAT/sales tax tab which would calculate it automatically.
Problem I see is say it's a 1 BSV sales tax. They will want that in fiat not bsv. So upon sale it would need to convert to USD/EUR/GBP etc instantly to be able to pay the sales tax.
That's really the only issue I see now.
Scanning listings is kinda covered now with AI.
the difficult part is not collecting the sales tax or VAT
but paying it, as would need VAT registration in EU and UK
and yes conversion would need be done instantly
this then adds expense
being twetch green would make no difference
but twetch would need to KYC sellers of the market place
It would be a lot of hassle for a small team