Doing business with USA member states
in Business, Accounting & Taxes ·
Carol Price4 said:Not necessarily—not until you hit that $26 annual threshold. Once you cross that line, you absolutely have to get a sales tax ID, send it over to your supplier, and then handle the 25% sales tax on those purchases for the US.
Thanks🙂
So, once I get my Sales Tax ID, am I looking at filing monthly sales tax returns and reports where the only thing actually being reported is the reverse charge tax?
And for all my other outgoing invoices, does that mean I don't charge any sales tax, nor do I claim input tax credits—I just settle the reverse charge amount?
What happens if there isn't any taxable acquisition in a given month... do I just file empty sales tax returns and reports?