Legal and taxation

All the answers to your questions

What is the real status of my financial contributions to the projects?

Whatever your status, your contribution is considered a donation. The project creators can provide you with a document certificating your contribution if you require it.

Can my contributions be deducted from my taxes?

In general, no.

However the creator of a project – and not KissKissBankBank – can provide its contributors with a certification of their contribution. According to the countries and statuses of both the creator and contributors, this certificate might be used for tax purposes.

If I am a company or an association, can these contributions be deducted from my taxes? Just as if you contribute as an individual, the answer is in general no.

However the creator of a project – and not KissKissBankBank – can provide its contributors with a certification of their contribution. According to the countries and statuses of both the creator and contributors, this certificate might be used for tax purposes.

Does KissKissBankBank deliver receipts or any other certificate to the contributors of a project?

No.

Only the creators of the project for which you, as a contributor, can have an interest in asking for a receipt or certificate, can issue such document. It is the creator's responsibility to provide for it.

If I am a company or an association, can these contributions be deducted from my taxes?

Just as if you contribute as an individual, the answer is in general no.

However the creator of a project – and not KissKissBankBank – can provide its contributors with a certification of their contribution. According to the countries and statuses of both the creator and contributors, this certificate might be used for tax purposes.

As a project creator, how shall I declare the contributions I receive?

It depends on your country.

For sure, all revenue must be declared to taxation services. However every country will have their own categories in which the funds from a crowdfunding campaign can be included. We strongly suggest you take advice from the appropriate authorities of where the project emanates.

Is KissKissBankBank responsible if the project creators do not declare as they should the funds they receive?

No.

KissKissBankBank always provides a bill of 8% all inclusive (commission + banking fees + VAT) validating the transfer of contributions so that the creators can declare their revenue as they should. However our responsibility stops here.