As a Merchant of Record (MoR), Cleeng simplifies tax management for broadcasters by handling all aspects of transaction processing, including tax calculations, tax returns filing and tax remittances. This ensures compliance with local tax regulations, reduces administrative burden and minimizes the risk of penalties since Cleeng is liable for any mistakes.
- Cleeng automatically calculates and applies the appropriate tax rate based on the viewer's IP address at the time of purchase. This means that broadcasters don't have to worry about manually configuring tax rates for different countries.
- In Japan Cleeng applies a 10% consumption tax into the pricing of digital content. The prices you set in the Cleeng dashboard for content offers localized for Japan already include the consumption tax. Viewers based in Japan will see gross prices, which encompass the consumption tax. The broadcasters payout you receive from Cleeng is made excluding the collected consumption tax ensuring compliance with Japanese tax regulations without additional administrative burden on your part.
- Similarly, in Thailand, Cleeng includes a 7% Value-Added-Tax (VAT) in the content prices. Localized offers for Thailand reflect this tax in their gross prices, meaning the prices shown to Viewers located in Thailand are inclusive of VAT. As with Japan, the payout you receive from Cleeng excludes any tax, simplifying the tax handling process and ensuring that you comply with local tax requirements effortlessly.
- For detailed information and assistance specific to your operations in Japan, Thailand, or any other region, it's advisable to reach out to your Account Manager at Cleeng. They can provide personalized guidance and ensure that all your tax management needs are met effectively. If you do not have an Account Manager, you can contact Cleeng's sales team for support.
Important: Remember that the tax is calculated automatically based on the viewer's location at checkout, not on the broadcasters or product’s location.