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Tax Policy

Updated

By using this website you agree to this policy - please read it carefully

CandFans DOES NOT PROVIDE TAX ADVICE - PLEASE SEEK ADVICE FROM A QUALIFIED TAX PROFESSIONAL IN YOUR JURISDICTION

  1. Introduction: This document sets out CandFans' Tax Policy ("Policy"). This Policy explains CandFans approach to compliance with global Tax laws and regulation and when, why, and how CandFans will charge Tax on Fan Payments and Creators Earnings. Please carefully read this Policy in full. Here are a few key things to note:
    1. CandFans is not responsible for advising Users on their Tax affairs.
    2. CandFans is not liable for any non-payment of Tax by Creators, or for their compliance with applicable Tax laws or regulations.
    3. As part of a Fan Payment, CandFans may charge an amount equal to any form of Tax.
    4. CandFans may be required by law to provide local tax authority with information regarding Creator Earnings or Fan Payments on CandFans.
    5. Failure to comply with this Policy may result in your CandFans account being closed or suspended.

  2. Contact information: CandFans is operated by Street X Inc, a corporation registered in the United States, Delaware, with company registration number 10354575. Our registered office address is located at 2840 Keller Springs Rd, Suite 903, Carrollton, TX 75006. In Japan, CandFans is operated by Adolescence Corporation, with its office located at 1-3-12 Shinjuku, Shinjuku-ku, Tokyo. If you have questions about this Policy, please contact support@candfans-eng.zendesk.com.

  3. Interpretation: Unless specifically defined in this Policy, the meanings given to words defined in the Terms of Service have the same meanings in this Policy. This Policy forms part of your legal agreement with us.
  4. CandFans Tax Compliance: CandFans is a global business and we comply with the applicable Tax laws and regulations in the jurisdictions in which we operate. CandFans may make changes to this Policy at any time, without Notice, to reflect changes in applicable laws and regulations, or to address any impact to us, our Users, or to relevant third parties.

  5. User Tax Compliance: General By using CandFans you acknowledge and agree that you are responsible for your own Tax affairs.
    1. You are responsible for providing CandFans with accurate tax and contact information. CandFans is not responsible for any failure by you to keep your information up to date.
    2. CandFans is not responsible for advising you on your Tax affairs. CandFans is not liable for any general Tax information provided on CandFans or by support@candfans-eng.zendesk.com.

Creators:

  1. General Tax Compliance You are responsible for ensuring that you make any necessary Tax fillings, and pay any Tax due on your Creator Earnings on CandFans.
    1. CandFans is not liable for any non-payment of Tax by Creators, or for their compliance with applicable Tax laws or regulations.
    2. CandFans or any Subsidiary is not responsible for advising you on your Tax affairs or liable for any general Tax information provided on CandFans or b support@candfans-eng.zendesk.com.
    3. Depending on your country of residence, you may be required to provide CandFans with your Tax ID in the Banking section of your CandFans account https://candfans.com/creator-studio/bank.
    4. If this is a requirement in your country of residence and you fail to provide CandFans with your Tax ID you will be unable to withdraw Creator Earnings.
    5. CandFans may be required by law to provide your local tax authorities with your personal information including identity information and details of your Creator Earnings. Any data shared will be limited to what is required by law and will be shared in accordance with our Privacy Policy .
  2. US Tax Compliance
    1. If you are resident in the US, and have earned and withdrawn more than $600 USD in Creator Earnings on CandFans during the relevant tax year, you will need to submit an IRS Form 1099.
    2. If applicable, CandFans will send you a Form 1099 to the address on your W-9 form. A digital copy of your 1099 form can be downloaded from the Banking section of your CandFans account https://candfans.com/creator-studio/bank.

  3. UK VAT Compliance
    1. If you are resident in the UK you may be required to register for VAT and to charge VAT on your earnings to Fenix International Limited.
    2. If you are registered for VAT, you must provide us with a valid VAT number in the Banking section of your CandFans account https://candfans.com/creator-studio/bank.
    3. Any VAT will be paid separately to your Creator Earnings. To receive payment, creators will need to email proof of their VAT filing to vat@CandFans.com along with your VAT invoices. Creators can create VAT invoices in the Statements section of your CandFans account https://candfans.com/creator-studio/bank.

Fans:

  1. Tax and other Charges CandFans may be required to apply additional taxes or charges to Fan Payments made on the platform.
    1. A "Tax" charge represents any form of tax and statutory, governmental charges, duties, imposts, contributions, levies, withholdings, or liabilities wherever chargeable in any applicable jurisdiction.
    2. Any Tax applied will be clearly identified when making a Fan Payment.

  2. Enforcement: Failure to comply with this Policy may result in your CandFans account being suspended or closed.

Last updated: December 2024

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