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Hey,
I apologise for the title capitalization, but I have got annoyed a little bit on how the taxes for dropshipping will work. Please consider the situation below and correct or guide me through this mayhem.
Supposing,
I am dropshipping from Australia, the currency for my shopify store is USD, and my products are being sold across the globe in all continents: USA, UK, EU, India, UAE etcetera.
Now all the transactions will occur in the local currency and I will be receiving payment in USD, right ?
There is no problem about PayPal, I will receive all of it in USD, but when the money is transferred to local bank it will be in AUD, right ?
- So if my product is bought in USA in USD, then will I be prone to the taxes in USA and the other countries wherein the products are brought ? If no, then how will the taxes of those countries be collected ?
- Overall, what taxes am I liable to ?
I have only looked up on Shopify payments gateway in a gist, so if there is some sort of involvement, be it minor, please tell me.
Thank you for reading my post.
I look forward to hearing your responses and guides
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- 10 months ago
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