Sellers’ Tax and Social Security Obligations

Information provided pursuant to Article 242 bis of the French General Tax Code (Code général des impôts).

• The occasional sale of your used personal belongings (clothes, furniture, everyday items) is in principle not taxable.
• By contrast, the following are taxable in particular: the sale of jewellery, works of art, collectors’ items or antiques for a price exceeding 5 000 € (flat-rate tax on precious items or capital gains regime), and more generally the gains made by buying goods in order to resell them.
• A habitual sales activity carried out for profit is a professional activity: it must be declared (for example under the micro-enterprise scheme) and gives rise to social security contributions. You must then open a professional account on Spotitem.

• Taxes: www.impots.gouv.fr (“Individuals” and “Professionals” sections).
• Social security contributions: www.urssaf.fr and www.autoentrepreneur.urssaf.fr.

• Each year, before January 31, Spotitem sends you a document summarizing the gross amount of the transactions received through it in the previous year and, where applicable, the information concerning you that has been reported to the tax authorities.
• Pursuant to Articles 1649 ter A et seq. of the French General Tax Code (Code général des impôts; European “DAC7” directive), Spotitem collects sellers’ identification information (name, address, date of birth or registration number, tax identification number, bank details) and reports to the tax authorities each year the sellers who have made at least 30 sales or at least 2 000 € in sales over the year; the sellers concerned receive a copy of the information reported.
• If you do not provide this information despite two reminders, Spotitem may suspend your payouts, then close your seller account.

The French version of this document prevails over any translation.