Is an online store taxed the same as a physical store?
Posted: Mon Dec 23, 2024 8:40 am
Having an online store or a physical store is the same business; the only thing that changes is the way the activity is carried out. For tax purposes, it makes no difference whether you have a shop window with the products on display or an online catalogue. The business itself is the sale, the invoicing , wherever the customer is and regardless of the method of delivery of the product.
The section under which phone number in ukraine we must be classified will depend on the articles we are going to sell . We will register as many sections as necessary, paying attention to the goods that each one of them allows us to sell. A hardware store, for example, may also have drugstore or DIY items, so it will have to indicate different sections in the census registration of model 036 .
Retail trade is subject to the equivalent surcharge regime , so it is not necessary to submit VAT returns. Sales are subject to VAT and so are purchases, but the tax is not declared as such. Invoices are declared in full in the personal income tax. However, we must inform our suppliers that we are subject to this regime so that they apply the surcharge, in addition to ordinary VAT.
The section under which phone number in ukraine we must be classified will depend on the articles we are going to sell . We will register as many sections as necessary, paying attention to the goods that each one of them allows us to sell. A hardware store, for example, may also have drugstore or DIY items, so it will have to indicate different sections in the census registration of model 036 .
Retail trade is subject to the equivalent surcharge regime , so it is not necessary to submit VAT returns. Sales are subject to VAT and so are purchases, but the tax is not declared as such. Invoices are declared in full in the personal income tax. However, we must inform our suppliers that we are subject to this regime so that they apply the surcharge, in addition to ordinary VAT.