Articles tagged “tax”

Everything Discogs Knows About Buyers Being Charged VAT Twice

close-up of spinning vinyl record with yellow color filter

Discogs is aware that some buyers in the European Union are being charged VAT twice. First, the tax is collected by Discogs when you purchase an item, and second, a postal service provider collects it again when that item is imported. This double-charged VAT issue is occurring despite sellers following tax guidelines and communicating Discogs’ […]

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Discogs Makes It Easier for Sellers to Report on Taxes With New Transaction Data

Discogs transitioned to the new PayPal payment platform, which eliminated the need for monthly invoices. However, many sellers previously relied on the monthly invoice to track and report quarterly taxes. Discogs is introducing an updated Marketplace Transactions export that makes it easier to track sales and tax information for accounting, bookkeeping, and tax authorities. What […]

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