Steam Introduces Local Sales Tax on Marketplace Transactions in Some US States
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  • 11:51, 23.10.2024

Steam Introduces Local Sales Tax on Marketplace Transactions in Some US States

Steam, one of the largest online platforms for video games, is working on implementing a system for collecting local sales taxes on transactions made on its marketplace. This information was shared by the official SteamDB account on Twitter.

According to an update published by SteamDB, the sales tax will be determined by local tax authorities and will be applied to commission fees for digital transactions, rather than the total purchase amount.

Currently, this change affects only a few states in the USA, where compliance with tax laws is necessary according to local requirements. 

A published screenshot accompanying the news shows a message in the Steam interface, where a user attempting to purchase an item — "Gallery Case" for Counter-Strike 2 — sees an additional line indicating "Local sales tax," calculated based on the transaction commission.

The implementation of this tax policy reflects Valve's response (the company that owns Steam) to increasingly prevalent regulations regarding digital taxes, which require platforms to collect taxes on sales and commissions in certain regions. It is expected that these updates will gradually expand to other regions as more governments introduce similar tax requirements on digital goods and services.

   
   

Users should anticipate these changes when buying and selling items on the Steam marketplace, where taxes will be automatically calculated and added if necessary. It is currently unclear if and when this change will extend beyond the USA.

Valve has not yet provided a detailed timeline or further clarifications on how many regions this tax policy will eventually cover, but it is likely a step towards broader compliance with local tax laws worldwide.

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