Hello fastlaners. I'm gathering info on how to handle this side of a business I'm starting and need your help.
As you may or may not know, any online business in the EU has to pay VAT tax to the corresponding European country based on where their customers bought their goods or services. To make things easier, we can join a government program that every country has and that it will help you with all this (at least in theory, whether it works or not remains to be seen, as it's rolling in starting July 2021).
However, I could not find any such thing for the United States (and honestly haven't looked into countries such as Canada, Australia or any non-English-speaking country outside the EU yet).
Does any of you know how it works (at least) for the US?
Suppose I'm selling digital goods like mp3 files to a US customer and my company is based in Italy. Do I need to have any relation with the US tax authority or not?
Thank you in advance to any of you willing to help me figure this out!
As you may or may not know, any online business in the EU has to pay VAT tax to the corresponding European country based on where their customers bought their goods or services. To make things easier, we can join a government program that every country has and that it will help you with all this (at least in theory, whether it works or not remains to be seen, as it's rolling in starting July 2021).
However, I could not find any such thing for the United States (and honestly haven't looked into countries such as Canada, Australia or any non-English-speaking country outside the EU yet).
Does any of you know how it works (at least) for the US?
Suppose I'm selling digital goods like mp3 files to a US customer and my company is based in Italy. Do I need to have any relation with the US tax authority or not?
Thank you in advance to any of you willing to help me figure this out!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today