To whom should I pay taxes ?

[hergehen]

Well , here's the situation , let's say I buy cars in the US and sell them in Russia .

here are different options, in each one , to whom should I pay taxes (let's just say that Russia has the same tax laws, as US ) :

1.) I buy in US as private and sell in Russia as private

2.) I buy in US as private and sell in Russia as a company

3.) I buy in US as a company and sell in Russia as a private (how would this work ? I then will have negative income .... )

4.) I buy in US as a company and sell in Russia as a company


thx

 

[notfred]

Well, since you obviously plan on making money off this thing, I'll charge you a $75/hour consultation fee if you want the info from me.

 

[Dhawk]

I don't know the answers to all your questions, but I do believe that if you buy a car privately in the US, you don't pay tax on it until you licence it.

 

[Infidelity]

You will need legal advice.

 

[hconnorjr]

think of the unifying prinicipals in taxes and it gets easier.

in the US, as an individual or a corporation you are taxed when you purchase an item. let's just say its a 100.00 wiget. the sales tax is state based.

now, if the wiget is then sold in the US, at a profit, then the profit is generally taxable. individual and corporate rates vary. but this depends on whether you are an S or a C corporation. note that you may also be required to charge sales tax at the point of sale, which is then payable to the state.

finally, if you are selling the item overseas, then chances are that you will need to charge sales tax at the point of sale in Russia -- or where ever -- as per the LOCAL laws. you will then pass the tax proceeds on to the local or state governing body.

and if your overseas operations generates profits, you will be liable for US federal taxes on those profits. the only exception is for US expatriates LIVING overseas. no taxes are charged on the first 80k for those individuals, though the numbers may be higher now.

i've done my good deed for the holiday season.

 

[MajesticMoose]

is there really a large for more expensive imported american cars in russia?

m00se

 

[Hamburgerpimp]

is there really a large for more expensive imported american cars in russia?

 

[NetworkDad]

<< Well, since you obviously plan on making money off this thing, I'll charge you a $75/hour consultation fee if you want the info from me. >>




$75/hour is a bargain if your're looking for legal advice. I'd take up on notfred's offer, that is if he has a legal background.

 

[hergehen]

thx hconnorjr ...



yeah , there's pretty large demand on imported cars, though the taxes on imported cars a way too high .... and though most cars are imported from Germany and not US ...