Financing, tax rates, and accounting
I am store owner and I am setting up my store, and I plan to set up print on demand store from India and sell in USA Canada and uae. Can someone guide me how would tax calculation work, should I
1) include or exclude tax
2) should vet be charged
3) I am not tax expert so can someone or some institution mange this since I am in India and taxes are meant for USA Canada and uae
Hey @mohitkhatwani,
VAT is typically charged in the European Union (EU) countries and is not applicable in the USA, Canada, or UAE. However, certain goods or services in Canada may be subject to Goods and Services Tax (GST) or Harmonized Sales Tax (HST). Ensure you comply with the respective tax regulations in each country.
It would be advisable to consult with a tax professional or an accounting firm that specializes in international tax matters. They can guide you on the tax implications of selling in different countries and help you comply with the relevant tax laws and regulations. They will also help you understand the tax treaties, thresholds, and other compliance requirements. Be sure to discuss your specific situation, such as being based in India while selling in other countries.
Additionally, Shopify integrates with various tax automation apps and services that offer tax calculation, filing, and remittance solutions. These third-party services can manage tax calculations for multiple countries and handle compliance on your behalf. Explore the app store to find tax-related applications that fit your requirements.
Remember that tax laws can be complex and subject to change, so it's crucial to consult with experts and stay up-to-date with the latest regulations to ensure your business remains compliant.
Moira | Social Care @ Shopify
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Don't hesitate to reach back out if you require any further assistance as you continue to work on your store.
All the best,
Moira | Social Care @ Shopify
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- Was your question answered? Mark it as an Accepted Solution
- To learn more visit the Shopify Help Center or the Shopify Blog
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