Wholesale & eBay Forum Selling Products Online & Marketing Do I have to pay income tax for this ?

Do I have to pay income tax for this ?


taporn
Free Member
  • Posts: 13
  • Joined: 17 Sep 07
  • Karma:
25 Mar 08 02:32:53 pm
Hi there,

I'm wondering if I sell something online, my customer purchase it and pay me via paypal account directly to my credit card. Do I have to declare income and pay tax for it ?

1. How Revenue department knows if I have an imcome transfer ?
2. Do I have any document to show them that I have an income ?
3. Who is gonna check my credit card balance?

I don't want to avoid tax or doing something wrong about it. But I'm curious and would like to know the best practice regarding this issue.


Thanks,
Joe


jimmy_huber
Free Member
  • Posts: 2867
  • Joined: 11 Mar 10
  • Karma:
25 Mar 08 05:55:10 pm
If You only sell occasionally I wouldn't worry about it. But if you are selling on ebay to create a second income it would be wise to report it.


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