What does it take to set up – or continue running – an online business while keeping pace with all tax requirements? How do you navigate import tax, sales thresholds, VAT and GST registration and selling to jurisdictions where you must collect the sales taxes?

How do your obligations change if you sell goods on a digital marketplace like Amazon or eBay?

In this episode of the Value Added Talk podcast, Jacek goes into the fidget spinner business to illustrate the main tax hurdles for online sellers, and how to deal with them.

Have a question for the show? Get in touch: Podcast@tmf-group.com

Short on time? Skip ahead:

00:01 Intro

03:45 Who is an ‘online seller’ ?

07:39 Why is e-commerce such a big deal?

08:42 Role play: Jacek opens a fidget spinner web store

15:33 Sales thresholds in the EU

16:54 Online sales to Australia or New Zealand

18:22 Selling to the USA and this thing called Nexus

22:00 How to keep track of all your tax obligations

23:34 Selling over digital marketplaces

28:36 How to manage your tax obligations when you sell online

31:43 New to online selling? Understand global business complexity

33:15 In the future – will it get easier?

37:35 Outro

CREDITS

Your hosts are Jacek Szufan, Sylvia Petkova and Rob Hutchinson

Producer: Carlie Bonavia

Theme music: Roulette Wheel by JAM Studio, purchased from Shutterstock Music.

Value Added Talk is a production of TMF Group.