Tax Policy

By using this website you agree to this policy - please read it carefully

ReelFans DOES NOT PROVIDE TAX ADVICE - PLEASE SEEK ADVICE FROM A QUALIFIED TAX PROFESSIONAL IN YOUR JURISDICTION

1. Introduction: This document sets out ReelFans' Tax Policy ("Policy"). This Policy explains ReelFans approach to compliance with global Tax laws and regulation and when, why, and how ReelFans will charge Tax on Fan Payments and Creators Earnings. Please carefully read this Policy in full. Here are a few key things to note:
   
    
   1. ReelFans is not responsible for advising Users on their Tax affairs.
   2. ReelFans is not liable for any non-payment of Tax by Creators, or for their compliance with applicable Tax laws or regulations.
   3. As part of a Fan Payment, ReelFans may charge an amount equal to any form of Tax.
   4. ReelFans may be required by law to provide local tax authority with information regarding Creator Earnings or Fan Payments on ReelFans.
   5. Failure to comply with this Policy may result in your ReelFans account being closed or suspended.
      
       
2. Contact information: ReelFans is operated by Street X Inc, a corporation registered in the United States, Delaware, with company registration number 10354575. Our registered office address is located at 2840 Keller Springs Rd, Suite 903, Carrollton, TX 75006. In Japan, ReelFans is operated by lit Corporation, with its office located at 2-8 Ebisu-Nishi, Shibuya-ku, Tokyo. If you have questions about this Policy, please contact [e-mail].
   
    
3. Interpretation: Unless specifically defined in this Policy, the meanings given to words defined in the Terms of Service have the same meanings in this Policy. This Policy forms part of your legal agreement with us.
   
    
4. ReelFans Tax Compliance: ReelFans is a global business and we comply with the applicable Tax laws and regulations in the jurisdictions in which we operate. ReelFans may make changes to this Policy at any time, without Notice, to reflect changes in applicable laws and regulations, or to address any impact to us, our Users, or to relevant third parties.
   
    
5. User Tax Compliance: General By using ReelFans you acknowledge and agree that you are responsible for your own Tax affairs.
   
    
   1. You are responsible for providing ReelFans with accurate tax and contact information. ReelFans is not responsible for any failure by you to keep your information up to date.
   2. ReelFans is not responsible for advising you on your Tax affairs. ReelFans is not liable for any general Tax information provided on ReelFans or by [e-mail].

Creators:

6. General Tax Compliance You are responsible for ensuring that you make any necessary Tax fillings, and pay any Tax due on your Creator Earnings on ReelFans.
   1. ReelFans is not liable for any non-payment of Tax by Creators, or for their compliance with applicable Tax laws or regulations.
   2. ReelFans or any Subsidiary is not responsible for advising you on your Tax affairs or liable for any general Tax information provided on ReelFans or b [e-mail].
   3. Depending on your country of residence, you may be required to provide ReelFans with your Tax ID in the Banking section of your ReelFans account bank.
   4. If this is a requirement in your country of residence and you fail to provide ReelFans with your Tax ID you will be unable to withdraw Creator Earnings.
   5. ReelFans may be required by law to provide your local tax authorities with your personal information including identity information and details of your Creator Earnings. Any data shared will be limited to what is required by law and will be shared in accordance with our Privacy Policy .
      
       
7. US Tax Compliance
   1. If you are resident in the US, and have earned and withdrawn more than $600 USD in Creator Earnings on ReelFans during the relevant tax year, you will need to submit an IRS Form 1099.
   2. If applicable, ReelFans will send you a Form 1099 to the address on your W-9 form. A digital copy of your 1099 form can be downloaded from the Banking section of your ReelFans account bank.
      
       
8. UK VAT Compliance
   1. If you are resident in the UK you may be required to register for VAT and to charge VAT on your earnings to Fenix International Limited.
   2. If you are registered for VAT, you must provide us with a valid VAT number in the Banking section of your ReelFans account bank.
   3. Any VAT will be paid separately to your Creator Earnings. To receive payment, creators will need to email proof of their VAT filing to [e-mail] along with your VAT invoices. Creators can create VAT invoices in the Statements section of your ReelFans account bank.

Fans:

9. Tax and other Charges ReelFans may be required to apply additional taxes or charges to Fan Payments made on the platform.
   
    
   1. A "Tax" charge represents any form of tax and statutory, governmental charges, duties, imposts, contributions, levies, withholdings, or liabilities wherever chargeable in any applicable jurisdiction.
   2. Any Tax applied will be clearly identified when making a Fan Payment.
      
       
10. Enforcement: Failure to comply with this Policy may result in your ReelFans account being suspended or closed.