Introduction: If you’re a non-resident operating a business structure in Canada, either as a sole proprietorship or a corporation, understanding the tax implications is crucial. Canada has distinct rules for non-residents, and it’s essential to be informed about them. Sole Proprietorship Taxes for Non-Residents: Income Tax: Non-residents earning business income in Canada must file a […]
Taxes
Tax Considerations for Non-US Residents with a US LLC
As a non-U.S. resident with a U.S. LLC, there are several taxes you may need to consider, regardless of which state your LLC is registered in: Sales Tax / Gross Receipts Tax: Depending on the state where your LLC operates, you may be required to collect and remit sales tax if your sales exceed a […]
VAT in the UK
You will not be required to register for VAT if you are drop shipper. This is because your products are never being ‘owned’ within the EU before they reach the end consumer. The threshold which determines whether a company must be registered for VAT, is £85,000 (about $110,000)
Taxes in the UK
Corporate tax in the United kingdom is 19% from the profit you make each year, click here to learn more about that topic. Profit is the revenue remaining after all costs are paid. These costs include materials, product costs, fees you pay, subscription fees, monthly salaries…