M.O. Trade International Magazine
 

 

 

 

 

 


Click Logo To Page

Tax: Are you paying it TWICE ?

This article would prove beneficial for people or websites based countries other than UNITED STATES OF AMERICA and doing businesses with websites or companies in the UNITED STATES OF AMERICA. This is specific to businesses from US to other countries. For businesses originating from other countries see International Tax Laws for that country.

For further and more accurate information always consult the site www.irs.gov

Whichever country you are coming from, the term business is always related to tax. It is your financial obligation that MUST be taken into account and paid.

Online Business is no different. The way online business differs form other businesses is that it is the easiest way to cross international borders and bring into effect the international tax laws.

You may receive the payments by Checks, Bank Transfers, PayPal or whatever. All the income must be estimated and tax should be calculated and paid. If you are unsure consult your Tax Agent. He would be able to guide you better.

Online business is mostly generated from UNITED STATES OF AMERICA as all the good sites that provide good returns are based in UNITED STATES OF AMERICA. has opened its gates for people from all around the world (with exception of some countries) to conduct business from these online firms. According to the U.S. government’s rule all income or business generated from U.S. Businesses or income related to U.S. Businesses or Companies should pay tax in the US. The companies in the US are advised to hold tax from you or not to make nay

Does that mean you pay the Income Tax TWICE? Once to the US Government and once again when you do your local taxes. The answer in “NO”.

The good news is that US has got international rules for dealing with Tax issues arising in these sorts of situations. To get around it you need to fill in the APPLICABLE W-8 series of forms like W-8BEN, W-8ECI, W-8EXP, and W-8IMY and give it the company whom you are doing business.

A further note Google AdSense is a bit different. It takes care to see your country of origin and advises you accordingly. You DO need to pay tax in UNITED STATES OF AMERICA. if you have people, services and equipment based in the UNITED STATES OF AMERICA. Having only a hosting service is not considered as owing equipment in UNITED STATES OF AMERICA.

More information can be obtained from the following publications:

These are some of the links to that give further information on these issues. If you do not understand the technical tax jargon, consult your tax agent or tax consultant.

0506 Inst W-8 (PDF) Instructions for the Requester of Forms W-8BEN, W-8ECI, W-8EXP, and W-8IMY (35.9K) PDF


0206 Form W-8BEN (PDF) Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding (66.8K) PDF


0206 Inst W-8BEN (PDF) Instructions (43.8K) PDF


0206 Form W-8ECI (PDF) Certificate of Foreign Person's Claim for Exemption From Withholding on Income Effectively Connected With the Conduct of a Trade or Business in the United States (56.6K) PDF


0206 Inst W-8ECI (PDF) Instructions (32K) PDF


0206 Form W-8EXP (PDF) Certificate of Foreign Government or Other Foreign Organization forUnited States Tax Withholding (59.6K) PDF


0206 Inst W-8EXP (PDF) Instructions (37.5K) PDF


0206 Form W-8IMY (PDF) Certificate of Foreign Intermediary, Foreign Partnership, or Certain U.S. Branches for United States Tax Withholding (65.6K) PDF


0206 Inst W-8IMY (PDF) Instructions (44.4K) PDF




Summary
Tax: Are you paying it TWICE ?
Article dealing with people doing Online Business across international boundaries. This is specific to businesses from US to other countries. For businesses originating from other countries see International Tax Laws for that country.

Keywords:
online,business,setup,tax,help,guide,W-8BEN, W-8ECI, W-8EXP,W-8IMY

Word Count:586

[#2158 of 2596] -end


NEW Articles of the day for
M.O. Trade International Magazine

Newsletters Are Vital to Your Home Based Business Success
Copyright 2005 Chris Stirling If you own a home based business then generating web site traffic is probably the primary thing you spend your time worrying about. The reason this is such a concern for you is because online competition is stiff and...
...Read More

Tips for Starting a Home Business
Starting a home business is a dream that many people share. You can work according to your own schedule, "fire" difficult clients, avoid difficult bosses, spend more time with your family, escape a lot of the daily stress faced by employees at...
...Read More

 

Visit Our Advertisers -
They help keep this service FREE!

NEW Ads every day in
M.O. Trade International Magazine

Current Issue of 03/29/2017


161


FINANCING AVAILABLE:

$300K up to $100M for refinance, purchase or construction.

J.C. PATTON BROKERAGE SERVICE
841 NEWPORT RD.
LEXINGTON, MS 39095
Fax: 1.662.834.1033

96


INTERESTED IN MAKING MONEY ONLINE?

Never Talk On The Phone.
For Complete Details, Send A SASE To:
Publishers Market Source
P.O. Box 11272
Merrillville, IN 46411

123


14 BEER RECIPES

INGREDIENTS - DIRECTIONS
Great Receipts
Only $10.00 Cash - U.S.Money Order.
Three More Beer Recipes Free.
Wright's Co. , PO Box1886
Horsham PA 19044
http://wrightsco.com

113


23 POPULAR FAST FOOD RESTAURANT DISCOUNT CARD



126


INFORMATION SELLING GOLDMINE!

1,000's of Super Hot Money Makers
Now on one Jammed-Packed CD!
For your own "The Harris Infoserve Disk Catalog CD"
with unlimited duplication and resell rights,
Rush $39.95 + $3 S&H to:
HAROLD BOSI
PO Box 35-188
Elmwood Park, IL 60707

11


START 2016 THE RIGHT WAY

With A Great Business
Selling Children's Clothing.
You Set The Hours.
Great Business For Women,
Couples And Friends.
Go To:
www.MagicKidsUSA.com
Type In Discount Code
MK 01-0888
Make 2016 Your Year * Good Luck Harry

9


GUARANTEED DISCOUNT PRICES!
Go online website
www.bettyskidswear.com
Enter code DSO6854

for Free gift with 1st purchase. Top brand-names like Gap Kids, Reebok, Addidas, Oshkosh!
Don't put it off!

147


DISTRIBUTORS WANTED!
Make up to
$10,000 Monthly
GIVING AWAY
FREE PRESCRIPTION DISCOUNT CARDS

which save people up to 87% at over
54,000 pharmacies nationwide!
Send this ad and $1.00 to:
ALLIED CONSULTING
PO BOX 111124
AURORA, CO 80042
Attn: RxCut HIM-1

146


DEALERS WANTED!
Make huge profits selling NURSING CAREER "Learn & Earn" Reports!



1


Full Page Ads

!-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-A-Lawson.pdf
0-D-Baker.pdf
0-JCPatton-Mail-Lists.pdf
0-RL-Browning-Endless-Cash-System.pdf
0-Robert-Peterson.pdf
0-S-DADA-The-Millionaires Club-Lotto-Tickets.pdf
1-J-Hurley-Free-Money-Making-Downline-for-Life.pdf
1-M-Golden-Make-Money-Simple-Cash-Payment-Plan.pdf
1-Monique's Mail.pdf
1-R-Bacha-The- Perpetual-Wheel-of-Fortune.pdf
2-D-Foley.pdf
20-J-Hurley.pdf
20-T-E-Abraham-The-Wealth-Union.pdf
3-D-R-Deegan-Cash-Retirementt-Plan.pdf
3-J-Hurley-Time-Freedom-Rings.pdf
5-L-Valentine.pdf
5-L-Valentine2.pdf
5-S-Ford-The-Largest-Permanent-Matrix.pdf
5-T-Abraham-The-Wealth-Union.pdf
6-McCray.pdf
7-D&A-enterprises-P&M.pdf
7-D-Deegan.pdf
8-180-Niche-package-offer-THE DOUGLAS MILLIKEN COMPANY.pdf
8-CR-Ellard.pdf
8-E-Molina.pdf
8-L-Valentine.pdf
99-JC-Patton-Opportunity-Seekers-Names.pdf
99-JC-Patton-Silver-Eagle_Pro.pdf
A-BRADLEY.pdf
D&A-enterprises.pdf
Gerard-Jeanty-1.pdf
Gerard-Jeanty-2.pdf
K-SCHECHTER.pdf
R-DEL-PILAR.pdf
Rabbi-Rev-Earl-Kelly.pdf
T-Johnson.pdf
Your-2016-ADSHEET-DIRECTORY1.pdf

M.O. Trade International Magazine

M.O. Trade International Magazine - COPYRIGHT - ALL RIGHTS RESERVED