Taxes may apply to your purchase of Bloc Ads depending on the country or region of your contracting address, unless otherwise specified. Your contracting entity under the Bloc for Business Advertising Terms will be either Thundersnow LLC (Thundersnow) or Thundersnow Pte. Ltd. (Bloc).
If you receive services from Thundersnow:
Thundersnow is required to charge VAT at the prevailing rate on your purchase of advertising services. If you are a corporate advertiser and have provided a valid South Korean Business Registration Number, you will receive an electronic tax invoice (e-VAT invoice), which can be used for your tax filing purposes.
If you receive services from Bloc:
Bloc is required to determine, collect, and remit VAT in South Korea on the supply of cross-border digital services to South Korean customers. If you are a corporate advertiser in South Korea and provide a valid 10-digit Business Registration Number, VAT will not be charged on your invoice and you will be responsible for self-accounting, reporting, and remitting VAT under the reverse charge mechanism. If a valid Business Registration Number is not provided, VAT at the prevailing rate will be charged on your invoice.
You may update your Business Registration Number by following the instructions provided here.
Please note that Thundersnow / Bloc will not retrospectively adjust invoices issued before these details are provided. If incorrect or invalid information is submitted, Thundersnow / Bloc reserves the right to reassess and charge VAT on prior transactions.
Note: Bloc is unable to advise you on tax matters. Please contact your tax advisor or your local tax authorities for any tax questions that you may have in relation to your Ad purchase.