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- - MP using friend's ID
( https://www.aspkin.com/forums/ebay-managed-payments/144270-mp-using-friends-id.html)
| Aguero | 07-01-2021 05:23 AM |
MP using friend's ID
If I upload my friend's real ID for MP registration is there a risk for him regarding the tax that should be payed here ? I would like to be well informed before asking him for such a favour.
Does eBay reports something to my country Tax agency ?
Thank you in advance! |
| muzzie | 07-01-2021 05:36 AM |
re: MP using friend's ID
Quote:
Originally Posted by Aguero
(Post 1160682)
If I upload my friend's real ID for MP registration is there a risk for him regarding the tax that should be payed here ? I would like to be well informed before asking him for such a favour.
Does eBay reports something to my country Tax agency ?
Thank you in advance!
| It works the opposite. Once you reach 10k eur per year, you are asked to provide your tax id. If you can't provide it - acc locked. |
| Aguero | 07-01-2021 05:49 AM |
re: MP using friend's ID
Quote:
Originally Posted by muzzie
(Post 1160684)
It works the opposite. Once you reach 10k eur per year, you are asked to provide your tax id. If you can't provide it - acc locked.
| Got it. Before that amount of sales nothing will be reported. |
| Aguero | 07-08-2021 05:26 AM |
re: MP using friend's ID
Does eBay.com and eBay.co.uk report something to my country Tax agency ? |
| muzzie | 07-08-2021 05:31 AM |
re: MP using friend's ID
Quote:
Originally Posted by Aguero
(Post 1161767)
Does eBay.com and eBay.co.uk report something to my country Tax agency ?
| Yes, based on local requirements. |
| Aguero | 07-08-2021 05:34 AM |
re: MP using friend's ID
Quote:
Originally Posted by muzzie
(Post 1161768)
Yes, based on local requirements.
| Ok. Do you know the minimum sales amount in the US and UK? |
| muzzie | 07-08-2021 05:43 AM |
re: MP using friend's ID
Quote:
Originally Posted by Aguero
(Post 1161769)
Ok. Do you know the minimum sales amount in the US and UK?
| 10k in uk, 20k in us i guess |
| Aguero | 07-08-2021 05:47 AM |
re: MP using friend's ID
Quote:
Originally Posted by muzzie
(Post 1161772)
10k in uk, 20k in us i guess
| I read here something like $600 in the US. I hope other UK and US members to shed some light on this. |
| muzzie | 07-08-2021 05:48 AM |
re: MP using friend's ID
Quote:
Originally Posted by Aguero
(Post 1161773)
I read here something like $600 in the US. I hope other UK and US members to shed some light on this.
| 600 is something about import tax |
| Aguero | 07-08-2021 05:55 AM |
re: MP using friend's ID
Quote:
Originally Posted by muzzie
(Post 1161774)
600 is something about import tax
| EU threshold is now 10k euro. I know for sure only what is in BG.
If I understand correctly eBay doesn't report until you add your Tax number, same like Revolut and Bunq.
But I'm not well informed about other countries tax requirements and I would like to be before uploading a friend's ID. |
| agent006140 | 07-08-2021 07:26 AM |
Re: MP using friend's ID
US is 200 transactions and $20K,but that will change next year.
if your friend is a US citizen or resident,using his SSN will get him into trouble if he does not report his income from your sales |
| Aguero | 07-08-2021 08:21 AM |
Re: MP using friend's ID
Quote:
Originally Posted by agent006140
(Post 1161788)
US is 200 transactions and $20K,but that will change next year.
if your friend is a US citizen or resident,using his SSN will get him into trouble if he does not report his income from your sales
| No, he's a Bulgarian citizen. |
| semtex7 | 07-08-2021 11:29 AM |
Re: MP using friend's ID
Quote:
Originally Posted by Aguero
(Post 1161767)
Does eBay.com and eBay.co.uk report something to my country Tax agency ?
| They for sure have not done it so for. But with all the changes this year, one can only expect they might start. |
| murdered_by_ebay | 07-08-2021 11:53 AM |
Re: MP using friend's ID
ebay , amazon etc. have been reporting people for years , in fact they make their entire database available. so it is pointless to talk about some minimal amounts.
and regarding 10000 , this is for VAT purposes only. That means once you have a total annual turnover for EU customer over 10000 euros you must register for VAT or you will not be able to continue selling. |
| semtex7 | 07-12-2021 11:08 AM |
Re: MP using friend's ID
Quote:
Originally Posted by murdered_by_ebay
(Post 1161822)
ebay , amazon etc. have been reporting people for years , in fact they make their entire database available. so it is pointless to talk about some minimal amounts.
and regarding 10000 , this is for VAT purposes only. That means once you have a total annual turnover for EU customer over 10000 euros you must register for VAT or you will not be able to continue selling.
|
Depends where you are. I was answering a question from a person from Bulharia, assuming he is asking for Bulgaria. Many dozens of accounts are my proof that so far nothing has been reported in Bulgaria. My personal suspicion is that they are starting doing that along with all other chnages this year. |
| semtex7 | 07-12-2021 11:16 AM |
Re: MP using friend's ID
Quote:
Originally Posted by Aguero
(Post 1161767)
Does eBay.com and eBay.co.uk report something to my country Tax agency ?
| PM if you like. I have pretty exaustive stats for Bulgaria and can let you know what is the worst that have happened so far and to an extent - how to stay safe.
Cheers. |
| Gabriel21 | 07-20-2021 10:10 AM |
Re: MP using friend's ID
Yes recently it was changed to 10k jointly for all EU countries. Sonner every country had own limit, usually much higher than 10k |
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