i have recently opened up a drop shipping store with shopify, before i start selling i would just like to clarify a few things ragrding the tax laws around this stuff.
so if you dont know, dropshipping is a form of sales where, a customer will buy a product from my website, i then order that product from a supplier, in my case Aliexpress.com (chinese company) and ship to my customers address wherever that may be.
so i have 2 main questions regarding the laws around that.
my first question is, i know i will need to pay income tax, i have registered my website with an ABN and stuff but i want to know how will i pay the income tax will i just need to lodge that every quarter or something, how do you pay income tax with an ABN?
my second question is, obviously i will have to charge GST on a product if my Customer lives in australia because i will be importing a product from china to australia, but i want to know if my customer lives in the USA or Europe or something, will i need to pay tax on that shipment to, ei. if i have to order a product from Aliexpress.com and ship it to the UK, will i need to still charge a sort of sale tax?