Can foreigners use Kickstarter?
Can foreigners use Kickstarter?
If you are a non-US citizen or not a resident of the United States, can you launch a Kickstarter campaign? The short answer is yes. You can create a project if you are in the US, UK, Canada, Australia, New Zealand, the Netherlands, Denmark, Ireland, Norway and Sweden (as of 11/5/2014).
What is EU friendly shipping?
“EU Friendly” means that you’re using a shipping fulfillment company within Europe to ship to European backers. This means backers in Europe will spend a lot less on shipping, plus less likely to have big import charges when it shows up.
Does Kickstarter collect VAT?
As tax liability varies from country to country, providing rewards to a backer based in a specific region might create a VAT liability for you. Please note that Kickstarter does not withhold VAT. Ensuring that VAT is correctly accounted for on these transactions is the responsibility of each individual project creator.
What means custom friendly?
“Customs-friendly” is a phrase you will see a lot of on Kickstarter if you look. Goods are below the customs de minimis value. The import fees are handled on behalf of the backer. (This is a definition we have added on our own, based on our understanding of backers’ underlying needs.)
What is the difference between Kickstarter and GoFundMe?
However, Kickstarter only allows crowdfunding for creative/business projects, while GoFundMe is primarily for personal and charitable causes. Let’s get specific about the requirements each platform has for your crowdfunding campaign.
Who is eligible for Kickstarter?
Employers of all sizes are eligible to apply to the Kickstart Scheme. To be eligible, an employer has to create a new job role for an employee in the age range of 16 – 24 years old. The previous requirement to create a minimum of 30 job placements is no longer applicable.
What is friendly shipping?
“Friendly,” in this case, means one of two things: The rewards are shipped from within the country or region, thus avoiding import fees and taxes. The rewards are priced low enough that they don’t apply to import fees and taxes.
What EU means?
The European Union
The European Union is a unique economic and political union between 27 EU countries that together cover much of the continent. The predecessor of the EU was created in the aftermath of the Second World War.
Do you have to pay tax on Kickstarter money?
In general, in the US, funds raised on Kickstarter are considered income. In general, a creator can offset the income from their Kickstarter project with deductible expenses that are related to the project and accounted for in the same tax year.
What does friendly shipping mean?
Can a Kickstarter project be shipped from Europe?
By shipping from the EU, you are saving your backers a significant amount of hassle, in delays and cost. You are also saving yourself from frustrated backers (“I already paid for shipping – what do you mean I have to pay $30 extra?!”), which can be damaging to your reputation through no fault of your own.
Which is an example of an EU friendly project?
Most well-meaning projects mention “free shipping” or “shipping included”, which, while hinting in that direction, is not the same as “ships within the EU”. Byzantio and Canterbury are other examples.
How to calculate the value of a Kickstarter reward?
Say that someone in the EU backs a $40 reward and pays $30 in shipping from the US to the EU (we’ll assume that the reward includes a built-in shipping subsidy of $10 so that the creator can say that there’s “free” US shipping). Legally, the declared value must be the reward price plus shipping.
Do you have to pay VAT on Kickstarter rewards?
You will need to issue a commercial invoice to retail backers in the EU that shows the 21% VAT included in the amount they paid. They’ll still have to charge VAT to rewards they sell to their customers, but the invoice gives them the opportunity to get a refund on the second VAT payment.