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If you sell merchandise on eBay do you need or have to pay any taxes?
Wiki User
∙ 11y ago
If you are selling your own surplus personal possessions then generally you will not need to pay taxes on the money although this will vary from country to country and from state to state so, if in any doubt whatsoever, you should always contact the relevant local Revenue authorities to check the situation applicable to you.
If you are buying in goods with the intention of selling them on, as merchandise suggests, then you are trading and will almost certainly need to declare the income to your local Tax Authority.
Whether you will need to pay any tax on the income depends on your own personal circumstances (e.g., how much money you make from your sales, whether you have any other sources of income, what allowances your Revenue services applies, etc, etc.) so if in any doubt whatsoever, check with them.
Wiki User
∙ 11y ago
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Can you take merchandise home from a business and sell it with no tax?
Most states do allow this, provided the merchandise you sell is under a certain dollar amount per year. The same rules apply for yardsales.
Do you have to charge sales tax on the merchandise you sell in a home business?
Whether you need to collect sales tax depends on where you and your customer is located. If your customers are in the same state as the physical location of your business, they owe sales tax on items. If you are shipping merchandise to a state where your business does not have a location, you will not need to collect sales tax.
Do you have to report your Amazon earnings on your taxes?
Of course. Whether you sell stuff through amazon, ebay, your own web site, a little store on the corner, a booth at a fair, or any other method, the tax treatment is the same.
The periodic inventory system is used most commonly by companies that sell?
low priced high volume merchandise
If you sell a stock for higher than you bought what do you have to claim on you taxes?
capital gains
Where to sell yugioh?
you can sell yugioh merchandise on ebay, amazon, etc.Get free yugioh cards, http://freecards.weebly.com/
Do you need to sell merchandise to open a website?
No.
Do you need a business permit to sell merchandise at a convention?
No it is not necessary to have a business permit or license to sell merchandise at any kind of convention.
How do you start a retail business?
You start a retail business by finding a source for reasonably priced merchandise that you can sell at a profit. You then need to find a place to sell the merchandise.
Do I need a permit to sell merchandise like Valentine gifts on the streets?
Yes.
Do you need a license to sell arts and crafts?
No you do not have to have a business licence to sell items online, you just have to make sure you claim the income and pay taxes on it.
What to do with overstock warehouse of unshipped merchandise?
depending on what it is. Sell it as lot, or use the marketing of amazon, eBay or similar to sell it for you. Or you can contact one of the online sellers of overstock (woot.com, overstock.com or similar)
Where to hunt for eBay merchandise to sell?
junkyard and garage sales. Also your neighbors trash. y-aknow. just in case they throw out a comb. gigidi
Do sites such as Craigslists and eBay have used Mercedes Benz?
Sites such as Craigslist and Ebay do sell cars. Merchandise on these sites differs daily, weekly, monthly, and yearly. Therefore, Mercedes Benz are sold on these sites.
What does ford produce and sell?
Cars and Merchandise Cars and Merchandise
If you buy wholesale and sell on eBay do you need license?
You are unlikely to need a licence but you will almost certainly need to pay taxes on the money that you earn from your sales. You should contact your local Revenue collection service to check what will apply in your own particular case.
I am under 18 and need money. Is it possible for me to sell things on eBay?
No. You need to be at least 18 to register as a buyer or seller with eBay.
