26.4 C
New York
Monday, June 21, 2021

How to Calculate Steam Market Tax on CSGO Items

- Advertisement -
- Advertisement -

If you’re actively using the Steam community market to buy or sell CSGO skins, you might already be aware that the displayed tax on each in-game item is roughly 15%. However, it doesn’t work as you’d normally expect it to.

For instance, if you put a CSGO item for sale on the Steam Community Market at $100, you should be receiving precisely $85 by subtracting the 15% tax from the initial $100, right? Turns out, you’d actually receive a bit more than that.

How is the Steam Tax calculated?

Steam takes a 5% tax per community market transaction and CSGO items have an additional tax of 10%. Steam also takes another $0.01 per market transaction. Summing these up, let’s take a look at how the taxes exactly work.

The Steam taxes work by dividing the selling price by the tax instead. So, if you put an item on sale for $100, you’d need to divide it by 1.15 to find how much you’d receive after making the transaction.

Which means $100/1.15 = $86.97, deduct the $0.01 Steam tax from that, and you get a total of $86.96, which you receive once the transaction is done.

- Advertisement -

Related articles

Comments

0FansLike
1,079FollowersFollow
11,900SubscribersSubscribe

Latest articles

Newsletter

Subscribe to stay updated.