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

Starting and Running a Home Based Business
The allure of a home based business is very strong these days with uncertain economic times and the pressures of working long hours for less pay. More and more people are exploring the home based business world to see if it is right for them. ...
...Read More

The Ultimate Home Business Secret?
Publishing Guidelines You have permission to publish this article electronically or in print, free of charge, as long as the bylines are included. A courtesy copy of your publication would be appreciated. You also have permission to edit if...
...Read More

 

Visit Our Advertisers -
They help keep this service FREE!

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

Current Issue of 08/14/2018

WEALTHPEX


183



160


MERCHANT ACCOUNT

Interested in switching your merchant
account or setting up a new account.
Visit NOW! Mention ID # 16425
www.MrpREBATE.com

16


EASY WAY TO BIG EBAY PROFITS!


35


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

25



84


ATTENTION READERS

We have 10 Family Programs, a Program For Every Family Member, For Their Health And Financial Needs. Please send $10 Dollars To:
JAMES PHILLIPS
PO BOX 1006,
ALBANY,OR 97321
FROM OREGON -THE PACIFIC WONDERLAND STATE.

120


I USED TO BE ON A FIXED INCOME.
NOT ANYMORE!

Let Me Send You Some Of The Great Programs Which Got Me Off Food Stamps and Into A Better Ride!
These Programs Are The Best!
Send #10 LSASE and 2 loose Forever Stamps:
HONEST PROGRAMS
P.O. Box 159 C
Rocky Point, NC 28457-0159

86


FREE MAILING LIST!

> MICKEY PARKER <
413 S. MALLARD ST.
LAS VEGAS, NV 89107

149


HATE MAIL--THE REASON FOR HATE MAIL And HOW TO RESPOND! IMPROVE YOUR CUSTOMER SERVICE SKILLS.

Report-Reprint Rights $3.00 To:
WRIGHTS Co.
Box 1886
Horsham, PA 19044
http://Wrightsco.com

137


Full Page Ads

!-WANT_TO_PURCHASE_ MINERALS_&_OTHER_OIL_&_GAS _INTERESTS.pdf
0-RL-Browning-Endless-Cash-System.pdf
0-S-DADA-The-Millionaires Club-Lotto-Tickets.pdf
00-JC-Patton-wealthperx.pdf
00-Wrightsco-com.pdf
00-eMclvor.pdf
00-jj-jones.pdf
1-J-Hurley-Free-Money-Making-Downline-for-Life.pdf
1-M-Golden-Make-Money-Simple-Cash-Payment-Plan.pdf
1-R-Bacha-The- Perpetual-Wheel-of-Fortune.pdf
2-D-Foley.pdf
20-J-Hurley.pdf
20-JCPatton-Mail-Lists.pdf
20-Robert-Peterson.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-Deegan.pdf
8-180-Niche-package-offer-THE DOUGLAS MILLIKEN COMPANY.pdf
8-CR-Ellard.pdf
8-E-Molina.pdf
8-L-Valentine.pdf
88-A-Lawson.pdf
88-BD-JOHNSON.pdf
88-D-Baker.pdf
88-J-SMITH.pdf
88-d-nicholls.pdf
88-h-clay.pdf
88-j-orlando.pdf
88-jc-patton.pdf
88-l-domerson.pdf
88-l-gaines.pdf
88-m-bugarini.pdf
88-s-frescas.pdf
99-A-Moore.pdf
99-E-Bynum.pdf
99-H-Clay.pdf
99-JC-Patton-Mail-Lists.pdf
99-Monique's Mail.pdf
99-R-Peterson.pdf
99-c-vandergrift.pdf
99-j-skuse.pdf
99-r-vandergrift.pdf
99-wrights.pdf
A-BRADLEY.pdf
FRED-HINSTON.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
sam-scruggs-21.pdf

M.O. Trade International Magazine

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