How much is tax on Devex?

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#1

I haven’t got accurate answer to this? i know you have to fill some kind of form so they know if ur US citizen or non-citizen.

I’ve heard multiple pretty trust-worthy people say it’s 70% tax is that true? if so is that only on US citizen? and if yes how much is it for non-us citizen?

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#2

The DevEx rate is $0.0035 per 1 Robux, meaning 10,000 Robux (R$) equals $35.00.

Roblox takes a 30% marketplace fee, so you receive 70% of the Robux from each sale made in your game.

However, taxes are your responsibility and vary depending on state. You should check your government’s website on how to file and report your earnings.

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#3

That’s information i know as well but what’s with people saying 70% conversion tax? where did that come from?

#4

I don’t really know what you’re talking about there, if you share some links where people mention that I can read and let you know.

The only 70% in Roblox I know of is the marketplace fee.

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#5

the 70% is how much roblox takes when you devex, it does change every now and then, but its around 70%.

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#6

So converting robux to real money has 70% roblox tax and you only get 30% ? is this same for US tax form and non US tax form?

#7

I have no idea, all I know is roblox takes about 70% lol

#8

Pretty much yes, from devex you get the exact same real life dollars, No Tax even if you are not a US Citizen just as Frazer mentioned, the rate is 1R$/0.0035$.

With the taxes you just need to figure it out itself, check for informations regarding your country for tax paying services.

30.000 R$ - 100$
100.000 R$ - 350$ and so on

You just need to have the following eligibility requirements:

-Minimum of 30,000 earned Robux in your account

-Have a verified email address

-Valid DevEx portal account (an invitation is sent after review of your first submitted DevEx request)

-13 years of age or older

-Community member in good standing, having complied with Roblox’s Terms of Use

And as for a Non-US citizen you just need to fill out a IRS W-8BEN form when you create your Tipalti(DevEx Portal) account.

Hope this answers your question

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#9

I see, so roblox takes their own fee, but they don’t apply any state/country taxes?

So if I receive £350 from roblox it’s untaxed income and therefore it’s upon me to tax that according to my country?

#10

Assuming you’re from the UK because you used the pound symbol, yes, it is up to you to file your taxes. You do not have to pay any taxes unless you make over £12,570 within the tax year, or if you are under 15 years and 9 months old.

Here are some helpful links that I used when I first had to file my taxes:

If you are not from the UK, I would assume you still have to file your own taxes. There should be similar documents to the ones I linked on your governments website.

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#11

Much appreciated. Is there any other ‘filing’ or ‘reporting’ I have to do aside from taxes? E.g. do I need to report to the Gov if I make any form of income less than £12,570? E.g. if I make £500, must I report that if so what through?

#12

Yes, if your income exceeds £1,000, you need to register for Self Assessment and file a tax return, even if your income remains under £12,570.

If you don’t make more than a grand, don’t worry about reporting it.

#13

Thanks, anything else I should know of in this environment of income with the Gov?