You are correct in thinking that the tax rules for marketplaces can be a bit complex, but it's important to ensure you are in compliance with the tax regulations in your jurisdiction. I'm not a tax expert, but I can offer some general information that may help you understand the tax implications for your food marketplace.
In many jurisdictions, the income earned by a marketplace like yours is typically based on the commission or fees you collect from the transactions between restaurants and customers. This is the income you should report for tax purposes. The amount that goes to the restaurants is not considered your income; it's simply the revenue that you're facilitating for them.
Regarding VAT (Value Added Tax) thresholds, it's essential to be aware of the specific rules and rates in your country or region. In some places, businesses are required to register for VAT once they exceed a certain annual turnover threshold. If your commission income does not reach this threshold, you may not need to charge VAT on your services. However, this can vary greatly depending on where your marketplace operates, so it's crucial to consult with a tax professional or accountant who specializes in your area's tax laws to get precise advice.
Additionally, tax laws and regulations can change over time, so it's essential to stay updated and consider seeking professional advice to ensure that you're meeting all your tax obligations. Tax authorities often have specific guidelines for online marketplaces, so reaching out to them or consulting with a tax expert who is familiar with your industry can help you navigate the tax landscape more effectively.
Please keep in mind that this is general information, and it's always best to consult with a qualified tax professional who can provide personalized guidance based on your specific situation and location. They will be able to provide you with accurate advice tailored to your food marketplace business.