Taxes & Fees Guide – presyakto

Presyakto Taxes & Fees Guide

Why This Matters

Transparency is at the heart of Presyakto. This guide helps buyers and sellers clearly understand how fees and taxes work, ensuring no surprises.

In the Philippines, tax is considered the lifeblood of the nation, which is why we encourage buyers, sellers, and the platform owner to work hand in hand toward compliance.

By paying and remitting taxes correctly, we not only protect the integrity of the marketplace but also contribute to giving back to the government and community we are part of.

Taxes & Fees Guide

1. Platform Fees

Starter Account (Independent Seller) → 3.0% commission per successful sale.
Premium Account (Business Seller) → 2.5% commission per successful sale.
No Sale = No Fee → Sellers are only charged commission when a sale is completed.

2. Payment Processing Fees

Payment gateway providers and bank/e-wallet transfers charge standard transaction fees. These are automatically deducted from seller payouts.

3.Taxes

Buyers → Final prices may include applicable taxes (e.g., VAT) depending on the seller’s registration status.
Sellers → Responsible for declaring and remitting all required taxes in line with their local regulations.

3.1 Tax Compliance and Documentation

Sellers are solely responsible for complying with all applicable tax laws, including registration, withholding, and remittance of taxes related to their sales.

Presyakto may provide sales reports or documentation to assist with tax filing but does not provide tax advice.
Sellers must ensure that their invoicing and tax information are accurate and up-to-date.

VAT Threshold (Philippines Example)

VAT-Registered Sellers → If annual gross sales exceed ₱3,000,000, sellers must register for VAT and charge 12% VAT on sales.
Non-VAT Sellers → If annual gross sales are below the threshold, sellers do not charge VAT but may be subject to Percentage Tax or other obligations.

Example:

Store A (₱3M+ sales) → Sneaker priced at ₱500 → VAT ₱60 → Buyer pays ₱560.
Store B (< ₱3M sales) → Same sneaker → No VAT → Buyer pays ₱500.

Sellers must apply VAT correctly based on their registration status and remit taxes to the Bureau of Internal Revenue (BIR).

4. Transparency Note

All fees and deductions are shown clearly in the seller’s payout dashboard.
Buyers always see the final price (item + tax + shipping) before checkout.