Hi All! I am planning on starting sales on Amazon US as a non-us resident. I am currently in the process of gathering information and looking for some services in regards to the taxes. So far, I've encountered a lot of different opinions and I was wondering if someone has any experience with dealing with taxes through Amazon.
I'm aware that US has the Marketplace Facilitator Law in place thanks to which Amazon has to collect and remit sales tax for us. But I'm curious as to the income tax requirements. Do we need to file for each state Amazon hold our inventory in or is it just a single federal income tax return that is required + just the state where the business is registered in?
My country has a tax treaty with the US, however I'm aware that some states do not follow that treaty.
I'm aware that US has the Marketplace Facilitator Law in place thanks to which Amazon has to collect and remit sales tax for us. But I'm curious as to the income tax requirements. Do we need to file for each state Amazon hold our inventory in or is it just a single federal income tax return that is required + just the state where the business is registered in?
My country has a tax treaty with the US, however I'm aware that some states do not follow that treaty.