Do Amazon US accounts need to pay taxes? What taxes are there?

Now, as a Chinese citizen, whether you are working or running a business, as an individual merchant, as long as your income reaches the tax standard, everyone pays taxes on time. Do Amazon's US domestic accounts need to pay taxes?

Do Amazon US accounts need to pay taxes?

want

1. Sales Tax

Known as a "sales tax," it's a simple one-time tax collected at the time of purchase. The money goes from the consumer to the seller and then to the government.

This form of sales tax exists throughout the United States and is determined by state and local governments. (In the United States, there is no across-the-board national sales tax.)

Sales tax in the United States is very complex because each state and local jurisdiction can decide their own various rules.

2. Value Added Tax

Value Added Tax (VAT) is a consumption tax levied at every stage of production.

At each stage, the value of the good or service is increased. This increase, the “value added”, is taxable. The great thing is that as a business owner, you can reclaim any VAT you paid in the production chain. Only the end consumer has to pay out of pocket.

Typically, VAT works like this: You pay a small amount of VAT to other businesses that help you make your products. These small amounts of VAT are called "input tax," and you get a small amount of input tax for each purchase.

Every sale you make on Amazon has the appropriate VAT rate added to the transaction. The customer pays the tax to you.

At the end of the season, once you've collected VAT from all your customers ("output tax"), you're ready to send the VAT to the government. But first, you deduct any input tax from the total so the money is in your pocket.

3. Goods and Services Tax

Goods and Services Tax (GST) is also levied at each step of the supply chain. However, unlike VAT, GST is charged regardless of the value added. It is usually just a fixed percentage of the transaction.

Typically, the way GST works is this: businesses are charged at every stage of the manufacturing process and the end customer at the point of sale. The GST is then refunded to everyone (except the end user) through tax credits.

Amazon's domestic accounts in the United States need to pay taxes, but this tax is divided into many parts. As long as you meet the tax payment standards, you must pay the tax on time, otherwise it will be an illegal act.

Recommended reading:

Can Amazon direct reviews be deleted? Which ones can be deleted?

Is it easy to sell toys on Amazon? What are the requirements?

How to get Amazon image links? What tools are there?