I've just started my dropshipping store and I'm trying to wrap my head around the taxes issue. I'm based in an EU country but my products are shipped directly from China to my customers in US and Canada. The product never passes through my home country.
Do I need to declare IVA/VAT (21%) on the products I sell?
Example: I sell a product at 100$, costing me 50$ to order. Do I need to pay 21% IVA/VAT (in this case 21$)?
Thank you very much