Log inSubscribeStar.adult DAC7 Policy
Background
SubscribeStar is legally required to report certain information about its European sellers (i.e., Stars having EU residence) to tax authorities under specific circumstances, such as a new tax initiative introduced by the European Commission on March 22, 2021 - the Directive on Administrative Cooperation (EU Council Directive 2021/514), also known as DAC7.
DAC7 extends the EU's tax transparency rules to digital platforms, including SubscribeStar. It mandates yearly seller data reports and went into effect on January 1st, 2023, with the initial report deadline set for January 31, 2024.
The next report by SubscribeStar will be submitted in January, 2025.
Eligibility for being reported
DAC7 applies to residents of the 27 EU member states:
- Austria
- Belgium
- Bulgaria
- Croatia
- Republic of Cyprus
- Czech Republic
- Denmark
- Estonia
- Finland
- France
- Germany
- Greece
- Hungary
- Ireland
- Italy
- Latvia
- Lithuania
- Luxembourg
- Malta
- Netherlands
- Poland
- Portugal
- Romania
- Slovakia
- Slovenia
- Spain
- Sweden
If you, as a Content Provider (i.e. Star), are a resident of one of these 27 states and have reached sales volumes defined by DAC7 within a calendar year (see "Reporting conditions" below), we have to report your certain personal and transactional data, including reportable income, to the DAC7 tax authority once a year.
The reportable income includes income from providing the following actions executed on the Platform:
- Accepting Pledges, i.e., one-off payments.
- Providing commissioned work, i.e., creating a unique content that is ordered to be made in exchange for payment.
- Providing any other paid personal services which include services carried out at the request of a Subscriber.
Reporting conditions
Your data will be reported if you reside in the EU and meet either of the following criteria in a reportable calendar year:
- the consideration from your sales on our Platform equals or exceeds €2,000 after deducting fees and commissions or taxes;
OR
- you complete 30 or more inbound transactions via subscriptions or pledges or pledges on SubscribeStar.
Data reported
You will be able to provide required data from within the Platform via dedicated form, promptly displayed in your Star profile and visible only by you.
The following information will be passed into DAC7 system:
For individuals
- Personal Identity: first and last name, primary address, date of birth
- Residency: EU member state where the Star is resident
- Financial Identity: bank account number and the name on the bank account to which payouts are credited, or identifier of the account with financial service to which payments are made to your name
- Tax Identification Number
- Place of Birth for those without the Tax Identification Number
- Total Amount: sum of funds paid out or credited to the Star's account during each quarter of the period, excluding:
- Service Fees paid to SubscribeStar
- Transaction Fees paid to payment processing entities through SubscribeStar
- Any refunds or canceled transactions within the reporting period
- VAT collected by SubscribeStar on subscriptions and pledges (provided by the Platform)
Due to the exclusions above, the amount SubscribeStar has to report may differ from the total amount of payments you actually received from us.
- Total number of transactions (i.e., subscriptions and one-off pledges) the total amount from #6 corresponds to
- Total of fees and taxes withheld or charged by SubscribeStar during each quarter of the period (provided by the Platform)
If you are unsure what a Tax Identification Number (TIN) is or need assistance verifying one, please visit the following resources:
For legal entities
- Business Identity: business/legal name, primary address, business registration number, VAT identification number, where available
- Business Residency: one or more permanent establishments through which Star's activities on SubscribeStar are carried out in the EU, indicating each respective member state, where such a permanent establishment is located.
- Financial Identity: bank account number and the name on the bank account to which payouts are credited, or identifier of the account with financial service to which payments are made to your legal entity’s name.
- Total Amount: sum of funds paid out or credited to the Star's account during each quarter of the period, excluding:
- Service Fees paid to SubscribeStar
- Transaction Fees paid to payment processing entities through SubscribeStar
- Any refunds or canceled transactions within the reporting period
- VAT collected by SubscribeStar on subscriptions and pledges (provided by the Platform)
Due to the exclusions above, the amount SubscribeStar has to report may differ from the total amount of payments you actually received from us.
- Total number of transactions (i.e., subscriptions and pledges) the total amount from #4 corresponds to
- Total of fees and taxes withheld or charged by SubscribeStar during each quarter of the period (provided by the Platform)
If you need guidance on VAT or wish to validate a VAT number, please visit the following resources :
According to DAC7 regulations, if you are not showing a desire to disclose your information, SubscribeStar has to report the data the Platform retained about your account irrespective of its current or past status.
Privacy
We protect your personal data through leading edge technical and organizational security measures to minimize risks associated with data loss, misuse, unauthorized access and unauthorized disclosure and alteration.
All submitted data is subject to our Privacy Policy.
Tax obligations
The fact of SubscribeStar reporting your information doesn’t change your tax obligations or necessarily means that you must pay taxes on the amounts reported.
Additional information can be found in official sources. Also, please seek out details specific to your country regarding the DAC7 initiative.
Responsibility for non-compliance
If you have failed to provide all of the requested information, including a tax identification number and/or bank account number, you, as a Content Provider, will receive 2 (two) reminders via email address registered with SubscribeStar.
After 30 days have passed and we have not received all requested information, all inbound and outbound transfers to and from your account will be placed on hold.
After another 30 days, if we have not received requested information in full, your account and profile on SubscribeStar may be subject to termination. In this case, if any funds are left on your account, they will be used to offset expenses that may arise from non-compliance to DAC7.
Any misleading information or failure to submit accurate data may lead to account termination and reporting the information in the form as provided, leaving full responsibility to the content creator.
Content creators must provide the information personally without involving third parties.
