Thank you
Yes! With FBA, taxes can vary depending on where you’re selling and your business structure. Since I sell wholesale on Amazon Canada, I deal with GST/HST collection and remittance based on provincial tax rules. Amazon collects and remits sales tax in some cases, but as a seller, you still need to track your business income, expenses, and potential tax deductions (like inventory, prep fees, and Amazon fees). If you’re running an LLC or corporation, taxes might differ based on your setup. It’s always best to check with an accountant to stay compliant. Are you selling in Canada or another marketplace?
FBA earnings are taxable, and expenses are deductible. In the US, Amazon collects sales tax in most states, but storing inventory in multiple states may create extra tax obligations. Sellers earning over $20K may receive a 1099-K. UK/EU sellers may need VAT registration, even if Amazon collects it. International sellers might require a W-8BEN to avoid double taxation. Consult a tax expert for more details.
Let me know if you have any other questions.
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Sales tax varies by region. In the US, Amazon collects and remits the sales tax. In Canada, I manage GST/HST. Amazon handles some taxes. It’s best to consult a tax expert. Are you selling in the US or Canada?
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