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Re: profit on line, taxes, internationally...how?
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snumi
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Mar 16, 2005 15:16 PST
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Based on your freedom to entrepreneurial activity, you
can sell your services also without incorporating. You
then pay normal income tax on your translation fees,
whether you sell it online or from your Rome office.
For example, if someone earns on ebay sales, it must
be reported under income tax. Incorporating is not
necessary, but it is usefull, if you want to limit
your risk to the funds invested in it.
The VAT regulation has 3 different variations. This is
true to all 24 EU-countries:
1) Domestic corporate customers get an invoice with
VAT, but they get it deducted from the the VAT they
pay on sales. So in the end, they actually do not pay
VAT on purchases.
2) EU internal market corporate customers (the rest of
the 23 countries) need to tell you their VAT NR. You
add it to their invoice, and you can sell without VAT.
3) Any other country outside EU is seen as exports,
and your invoice will not have VAT.
It is true, that you pay your personal taxes where you
reside or work. You can also choose any of the 24 EU
countries as your residence, if you wish. Ltd is
another entity under taxation, so you can also
corporate to any EU country, regardless where you
reside. The Ltd then is taxed in that EU member state.
Basically you could also incorporate in the US, or
other country (if you want to be registered where your
customers are). For example with LLC, limited
liability company. As a US company, it pays taxes to
local government, for example in Delaware or Nevada.
Your income (salary) from the company then would be
taxed according to your residence. Customers residing
in the same state pay sales tax, customer outside of
that state do not.
Best regards,
Sami Nummela
--- Alessandro Devic <alx-@gmail.com> 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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