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dropshipping legality and taxes

Discussion in 'Making Money' started by giannisfld, Apr 20, 2018.

  1. giannisfld

    giannisfld Newbie

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    Hey people,

    I have a few questions for you because i didn't find any enlightening info through the internet.

    First of all i am planning to set up an ecommerce site and start dropshipping from aliexpress.

    I am a Cypriot citizen but I've been living in Greece for 5 years. I have a bank account in Cyprus anyway, so my paypal account is connected to that.

    How i will make my ecommerce store legal? Do i need to pay any taxes in Greece since i live here? our just in Cyprus?

    And what if i don't pay any taxes? I will be illegal?

    Generally,what i need to make my store legal?

    Thank you :)
     
  2. Hostshield

    Hostshield Jr. VIP Jr. VIP

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    Well if you will be accepting payments to your paypal, your bank will start asking you where all that money is coming from, you would have to show them proof. I dont think you would be paying tax in greece, but im sure you will have to pay it in cyprus
     
  3. J0sh

    J0sh Jr. VIP Jr. VIP

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    It's best to consult a CPA on this. In the US, if the package is not sent from your home state then there is no tax _Yet_.
     
  4. bartosimpsonio

    bartosimpsonio Jr. VIP Jr. VIP

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    You'll pay taxes in Cyprus usually unless Greece has a treaty with them

    Your customer will pay customs on his own destination.