Do Amazon sellers need to pay taxes on their earnings? How?

Amazon sellers do business with foreigners. Of course, many people want to know whether they need to pay taxes on the money earned by such stores? After all, people are becoming more and more aware of taxes nowadays. So, in order to avoid being fined, it is better to understand the issue of Amazon sellers paying taxes.

1. Do Amazon sellers need to pay taxes on their earnings?

If you do sub-license, you also need to file tax returns according to regulations.

2. How to pay?

According to relevant regulations, account books must be set up within fifteen days after obtaining the license, and the company must have a famous accountant to keep accounts for the company based on the original vouchers.

1. After the company is established, it must file a tax return. When filing a tax return for the previous month, the first tax return should refer to the "Tax Type Determination Notice" issued. If the tax return is not filed on time, the impact is very serious, and most of the examples today have seen it.

2. After obtaining the license, you must report your business status every month. Regardless of whether you make money or not, you just need to prepare accounts and report it every month.

3. If you fail to pay taxes for three consecutive months, the tax bureau will cancel the registration certificate of the enterprise. Once it is cancelled, it will be impossible to restore it. In other words, the company's license will be invalidated due to cancellation. Therefore, if you want to continue to open a store, you must pay taxes according to the situation.

3. What taxes are involved?

1. Import tax includes import tariff and value-added tax. Import tax is a kind of value-added tax levied on the added value of import. Generally, if the customs clearance is done with the tax number, the import tax can be refunded.

2. Sales tax, also known as "business tax," is the money that goes from the consumer to the seller and then to the government: ultimately. This form of tax exists across the United States and is defined by states and regions.

Taxes are very complicated because each state and jurisdiction can decide their own rules, so you need to refer to the situation in the other state and then pay it.

3. Value Added Tax is a tax levied at every stage of production. At each stage, the value of the good or service increases. This increase, the "value added", is taxed.

4. Goods and Services Tax. Goods and Services Tax is also levied on every step of the supply chain. However, unlike a tax increase, it is collected regardless of the increase. It is usually just a fixed percentage.

Typically, businesses are charged at each stage of the manufacturing process and the end customer is charged at the point of sale. This is then refunded to the owner through a tax credit.

Amazon sellers need to pay taxes on the money they earn. Everyone should pay taxes according to their normal income. After all, as long as you are doing business, you must pay taxes. Therefore, everyone must pay taxes according to the situation. Otherwise, if you are caught, you will not only have to pay that little.