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Re: profit on line, taxes, internationally...how?
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Jeffrey Baumgartner
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Mar 06, 2005 01:57 PST
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Alessandro:
Your business is subject to all local and national taxes in
the location where your business is established. The
location of the server hosting your e-commerce web site is
irrelevant.
I do not know where you are located, but let us say you
have a business registered in Rome but sell services
globally via a web sit hosted in London. Your business
would be subject tall Italian taxes as well as any property
or other taxes applicable to businesses in Rome.
However, your customers may be subject to tax for purchases
of your services. For example, if my company in Belgium
buys translation services from your company, my company
would have to pay VAT on the cost of the translations.
(but, since we are a company, we would calculate the VAT we
received from our customers, subtract the VAT paid and make
up - or receive the difference - from the government).
If you are selling services from an EU country to a
consumer in another EU country, then you must apply your
local rate of VAT to the cost of the service.
The best thing to do is discuss your situation with a good
accountant.
Jeffrey Baumgartner
Your Fearless Moderator
On 6 Mar 2005 at 9:55, Alessandro Devic wrote:
| | hi,
I have been searching all over the network, but haven't
found anything about this ecommerce aspect: what sort of
taxes am I supposed to pay if I start to make money through
services I sell on my website? Like translations for
example, untouchable goods. If the website is created from a
specific contry but it sells all over the world, what sort
of taxes if any, am I supposed to pay?
For example, in my country, in order to make profit out of
something, I have to to create a company: ltd and so on. So,
there are opening fees, taxes to register the company, taxes
on the goods I am selling.
Can anyone help me with this? Any info and links are more
than welcome Thank you very much
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