I'm in the process of setting up a Shopify site for a business I'm started. Having good understanding of how to setup the site, and obviously the business itself from branding, the actual products, fulfillment etc, I've found myself a little puzzled when it comes to charging sales tax.
For the first month of the site, I plan to limit shipment to HK only, to ensure a smooth fulfillment process of my products. Eventually, I want to ship worldwide. As my business is registered in HK, no physical presence overseas or anywhere for that matter, should I be charging any sales tax when shipping to i.e the UK, US or anywhere else? I know there's no sales tax in HK, but..
US, with all its states, has a lot of different taxes. If this was the case, how would I even get around collecting and remitting taxes?
This might be a funny questions, and the answer might be completely obvious, but taxes and this side of the business isn't quite my area and I haven't talked to a tax expert.
If I don't have to collect any VAT from buyers in UK for instance, will they be slapped with any taxes when the receive the goods?
Would love some comments on this topic.
Thanks guys,
bd