European Paypal and Canada Paypal: VAT needed? - eBay Suspended & PayPal Limited Forums
eBay Suspension & PayPal Limited Forums  
Join Today
Register Subscribe
     

Registration is fast, simple and absolutely free so please, join our community today!


Go Back   Home > Platform Discussions > PayPal Talk

PayPal Talk PayPal Forums. General issues related to PayPal.

Reply
 
Thread Tools
  #1  
Old 09-20-2018
Junior Member
 
Join Date: Oct 2017
Posts: 61
Thanks: 1
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default European Paypal and Canada Paypal: VAT needed?

Hi,
I just wonder if Paypal will ask you to enter VAT ID if you upgrade your account to Business in any European country and you get more than $20k in 1 year on your account?

And What about CANADA? Any VAT ID needed for PAYPAL once you reached CAD20K per year or upgrading your business account?

with 20K I mean the money made from your Online Sales.

Thank you lovely guys
Reply With Quote
The complete step-by-step guide to get back to selling today!

  #2  
Old 09-20-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: European Paypal and Canada Paypal: VAT needed?

No for Canada. I don't know about EU countries.
__________________
____________
_______
___
Reply With Quote
  #3  
Old 09-20-2018
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 61
Thanks: 1
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: European Paypal and Canada Paypal: VAT needed?

Quote:
Originally Posted by phaz0rz View Post
No for Canada. I don't know about EU countries.
Good to know. thanks! Is it due to some local regulations there or just Paypal rules?

Anyone knowing more about Europe?
Reply With Quote
  #4  
Old 09-20-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: European Paypal and Canada Paypal: VAT needed?

Paypal only creates tax-based regulations to stay in compliance with the law in the countries they operate in.

Canada doesn't pay taxes to "her majesty" so they don't require a VAT #.

Other's will chime in about EU countries I'm sure. I know at least UK accounts would have receiving limits to overcome.
__________________
____________
_______
___
Reply With Quote
  #5  
Old 09-20-2018
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 61
Thanks: 1
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: European Paypal and Canada Paypal: VAT needed?

Quote:
Originally Posted by phaz0rz View Post
Paypal only creates tax-based regulations to stay in compliance with the law in the countries they operate in.

Canada doesn't pay taxes to "her majesty" so they don't require a VAT #.

Other's will chime in about EU countries I'm sure. I know at least UK accounts would have receiving limits to overcome.
Oh I see now why Canada is a nice country to live in

So you mean in UK, after 20K on Paypal in Sales you will be asked about Tax ID?
So best would be to stay under 20K right?
Reply With Quote
  #6  
Old 09-20-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: European Paypal and Canada Paypal: VAT needed?

No, that's a USA tax regulation and it doesn't apply to UK accounts. With USA accounts you're required to give a tax ID in order to pass 200 sales and/or $20k in sales per year. If you don't then you would need to stay under $20k and that limit would reset annually.

With UK accounts it's a lifetime receiving limit which doesn't reset every year. I think it's 5,000 Pounds or some kind of European currency.
__________________
____________
_______
___
Reply With Quote
  #7  
Old 09-20-2018
JamesNorth101's Avatar
Executive [VIP]
 
Join Date: Apr 2013
Posts: 20,073
Thanks: 2,424
Thanked 5,197 Times in 3,996 Posts
Activity: 27%
Longevity: 63%
iTrader: (462)
Default Re: European Paypal and Canada Paypal: VAT needed?

Quote:
Originally Posted by madonna7878 View Post
So you mean in UK, after 20K on Paypal in Sales you will be asked about Tax ID?
So best would be to stay under 20K right?
US tax rules just apply to the US

There are different regulations in the UK
Reply With Quote
  #8  
Old 09-20-2018
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 61
Thanks: 1
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: European Paypal and Canada Paypal: VAT needed?

Quote:
Originally Posted by JamesNorth101 View Post
US tax rules just apply to the US

There are different regulations in the UK
So what are the regulations in the UK?
Reply With Quote
  #9  
Old 09-20-2018
just_smile
 
Posts: n/a
Activity: 0%
Longevity: 0%
Default Re: European Paypal and Canada Paypal: VAT needed?

The EU receiving limits aren't anything to do with vat or tax. It's anti money laundering regulations.

In the UK you have to legally register for vat once you reach the vat limit. Ebay now forces sellers to provide a vat number if you come close to these limits. (£85000 in a rolling 12 month period)

Every eu country with have its own tax rules. Do your research before jumping in.
Reply With Quote
  #10  
Old 09-20-2018
Senior Member
 
Join Date: Jul 2014
Posts: 904
Thanks: 141
Thanked 306 Times in 204 Posts
Activity: 0%
Longevity: 56%
iTrader: (0)
Default Re: European Paypal and Canada Paypal: VAT needed?

depends where you're selling. Netherlands vat threshold is just 10k euros.
Reply With Quote
  #11  
Old 09-21-2018
Junior Member
Threadstarter  
 
Join Date: Oct 2017
Posts: 61
Thanks: 1
Thanked 3 Times in 3 Posts
Activity: 0%
Longevity: 37%
iTrader: (0)
Default Re: European Paypal and Canada Paypal: VAT needed?

Quote:
Originally Posted by dan_ebay View Post
depends where you're selling. Netherlands vat threshold is just 10k euros.
Note that I'm talking about PAYPAL only, not Ebay (which might have other rules for this).


Quote:
Originally Posted by just_smile View Post
The EU receiving limits aren't anything to do with vat or tax. It's anti money laundering regulations.

In the UK you have to legally register for vat once you reach the vat limit. Ebay now forces sellers to provide a vat number if you come close to these limits. (£85000 in a rolling 12 month period)

Every eu country with have its own tax rules. Do your research before jumping in.

Yes what I was asking, was the VAT Limit in European countries, simply at what time Paypal will require you to register your VAT. Not the anti money laundering regulations, which are around EUR2500 EUR/ £2500 as far as I know.Once you hit these limits, of course PAYPAL will ask you to fully verify.

So my question was about the VAT limit. Any reference where I can find out more about that or someone having more infos?
So based on what you said, for UK it's £85,000? not £20,000?

And Now back to CANADA: I was doing some researches, but I was not able to find any source saying that CANADA is not paying VAT. Where did you see that?

Based on what I see on this link,
https://www.advalorem.ca/en/canada-vat-rates/
http://www.worldwide-tax.com/canada/...-gst-rates.asp
the VAT is between 5% and 15% depending on the region where you live/do your business, which logically means for me, PAYPAL would have here also VAT (GST as they call it in Canada) Limit in Canada?
Please correct me if I'm wrong. Not sure if understood well this Canada stuff.

I understand that each country may have different thresholds or regulations specifying at which turnover levels registration becomes compulsory and required to be linked to your Paypal Account.

So what is the case for Canada?
UK £85,000?
Other european countries? (any source please?)

Cheers
Reply With Quote
  #12  
Old 09-21-2018
phaz0rz's Avatar
Executive [VIP]
 
Join Date: Nov 2015
Posts: 10,832
Thanks: 2,076
Thanked 4,022 Times in 3,010 Posts
Activity: 0%
Longevity: 48%
iTrader: (2)
Send a message via ICQ to phaz0rz Send a message via AIM to phaz0rz Send a message via Yahoo to phaz0rz
Default Re: European Paypal and Canada Paypal: VAT needed?

I answered your question regarding Canada accounts because I sell on a few of them myself. One of mine has sold over $75k (USD) for the year which converts to almost $100k CAD. I have not been asked to provide any tax information on any of my CA PP's. When I go to pay my selling fees on eBay there is a note about the fees "including HST/GST where applicable." So they may be taking tax off the top in Canada but I'm not entirely sure.
__________________
____________
_______
___
Reply With Quote
  #13  
Old 09-21-2018
Senior Member
 
Join Date: Jul 2014
Posts: 904
Thanks: 141
Thanked 306 Times in 204 Posts
Activity: 0%
Longevity: 56%
iTrader: (0)
Default Re: European Paypal and Canada Paypal: VAT needed?

Quote:
Originally Posted by madonna7878 View Post
Note that I'm talking about PAYPAL only, not Ebay (which might have other rules for this).





Yes what I was asking, was the VAT Limit in European countries, simply at what time Paypal will require you to register your VAT. Not the anti money laundering regulations, which are around EUR2500 EUR/ £2500 as far as I know.Once you hit these limits, of course PAYPAL will ask you to fully verify.

So my question was about the VAT limit. Any reference where I can find out more about that or someone having more infos?
So based on what you said, for UK it's £85,000? not £20,000?

And Now back to CANADA: I was doing some researches, but I was not able to find any source saying that CANADA is not paying VAT. Where did you see that?

Based on what I see on this link,
https://www.advalorem.ca/en/canada-vat-rates/
http://www.worldwide-tax.com/canada/...-gst-rates.asp
the VAT is between 5% and 15% depending on the region where you live/do your business, which logically means for me, PAYPAL would have here also VAT (GST as they call it in Canada) Limit in Canada?
Please correct me if I'm wrong. Not sure if understood well this Canada stuff.

I understand that each country may have different thresholds or regulations specifying at which turnover levels registration becomes compulsory and required to be linked to your Paypal Account.

So what is the case for Canada?
UK £85,000?
Other european countries? (any source please?)

Cheers
EU thresholds are here, note that distance selling thresholds are different:
https://www.vatlive.com/eu-vat-rules...ion-threshold/

No idea about Canada
Reply With Quote
Reply



Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
European Paypal and Canada Paypal: VAT needed? madonna7878 eBay & PayPal International 0 09-20-2018 08:16 AM
Opening a Bank Account in Canada - for European people smartguy Bank Accounts 4 09-18-2017 05:10 AM
US PayPal + eBay - Possible as a European? helpmelol eBay Discussion! 4 07-23-2014 06:45 PM
is there a vba for european paypal??? silvergifts eBay & PayPal International 9 03-19-2014 02:01 PM
European PayPal's mattytman Subscriber Discussions 8 10-25-2012 05:01 AM


Aspkin Group

All times are GMT -5. The time now is 04:48 AM.


Stop the guessing games and learn how you can quickly and easily get back on eBay today!
Read the best selling step-by-step eBay Suspension guide eBay Stealth!
Amazon Suspension? Read Amazon Ghost to get back on Amazon!
vBulletin® Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Ad Management by RedTyger
no new posts

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58