NOTICE: Goods and Services' Taxes and Income Sales Taxes
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(GST and IST) Compulsory under QQ rules Penal Code 44 Act 2021
Bonjour tout le monde. Please take note that we, MagasinerQQ™ will start charging all buyers Goods and Services' Taxes (GST) and sellers Income Sales Taxes (IST).
Why? Because we are responding to QQ rules Penal Code 44 Act 2021 starting on Thursday, 1st July 2021. Everyone, regardless of who are you, are required to pay GST and IST. Failure to do so is an offense for you and MagasinerQQ™.
To make it simple:
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FOR BUYERS: We will add the total price of the item and tax in the product page. So what you see is what you pay. All items and add on regardless of the price is 5% GST fixed under Section 44.2 QQ rules Penal Code 44 Act 2021. For example, if the item you want cost QQ$100.00, the 5% GST is QQ$5.00, so you'll see QQ$105.00 on the product page.
FOR SELLERS: We will summarized for you the total under Section 44.3 QQ rules Penal Code 44 Act 2021. You'll be paying IST for up to 20% depending on your total profit per month below:
The table picture above is under Section 44.3 QQ rules Penal Code 44 Act 2021.
Here are the frequently asked questions:
What is GST and IST?
The Goods and Services' Taxes (GST) and Income Sales Taxes (IST) is a mandatory finance taxes that everyone must pay when pay for items and depositing income. The money will be used for the Finance Department's tax under QQ rules Penal Code 44 Act 2021.
Am I getting affected by this Penal Code Act?
Yes as according and under Section 44.1 QQ rules Penal Code 44 Act 2021, everyone in QQ must pay taxes regardless of background.
What if I 'sneakily' or 'hack to' don't pay for GST or IST?
Under Section 44.4 QQ rules Penal Code 44 Act 2021, whoever didn't pay for GST or/and IST will receive mandatory 7 days (up to 60) of block from using the laptop or/and up to QQ$10,000.00 fine.
When will I started paying for GST or IST?
You'll be paying GST and IST starting 1st of July 2021.
Is IST the same as store license?
No, tax and license are different. Your store license is a given license to allow you to sell your items under QQ rules Penal Code 45 Act 2021. Learn more about license at https://license.qq.thegwk.tk.
I'm a seller, do I collect GST from my customer and use them to pay my IST?
That is not how it works. Unfortunately, IST means Income Sales Tax, meaning we'll deduct from your earnings. Your customer pays tax that straight process to the Finance Department. So, we'll collect your customer's tax. Also, if you earn more profits, you'll have to pay more tax when you payout, regardless whether you make a profit or loss. You may refer from the above picture table.
I have more questions, who can I contact?
Since this is a new implement rule, questions that came out of your mind must be answered. So, you may contact Okito for more info.
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