Hello. I have one simple question, that is bothering me. I am starting up a web company, who will sell things online, through a webshop. And the question that I have, is about taxes. I will give you example down bellow... So I started a company, and I invested in my company for example 1.000 Kroner, that i earned from my salary... For 1.000 kroner, i bought 500 Peaces of products that I am going to sell, for 5 kroner each (moms included). Customer comes to my webshop, buys one product, pays 5 kroner (with moms) and pays 2 kroner more (with moms) for shipping the product. 7 kroner * 500 products = 3.500 kroner brutto profit that my company had made. But now, my companu has to give 2 kroner for every shipment, to the PostNord. = 1.000 kroner My company as well had to in one point, pay for the products 1.000 kroner. My company had to, in one point, pay for the moms 25% = 3.500 - 25% moms = 875 Kroner payed in moms. My question would be, on which amount, does my company has to pay taxes at the end. Taxes on 3.500 of company's bruto inkome. Taxes on 2.500 (After we deduct the money that we had to give to PostNord for handling the shipments) Taxes on 1.500 (After we deduct the money we had to send to postnord, and the money that we used to buy the products.) I tried to find the answer for this issue everywhere and from everybody, and nobody seams to understand what am I actually asking. For me, it seams unreasonable that if i invested 1.000 kroner of already TAXED money to my company, to pay taxes on them again once the product is sold, as well is unreasonable that if customers pays for the product shipment, to get tax on that as well as I have to give those 10 kroner to postnord right away. I hope you understand my question and I am looking forward to some postitive answer. And one more time, I will simplify it: I paid for products 1000 Kroner - I sold products for 3500 Kroner (With moms, and shipments) I have to give 1000 kroner out of those 3500 kroner to postnord. I have to pay myself back 1.000 kroner for investing into the products... I have to pay to the moms 875 kroner... My company's neto profit is at the end 625 kroner, after all these things above had been payed for. AND THE DAY CAME NOW AND I HAVE TO PAY 37% To the SKAT. Out of which amount am i paying those 37% for skat at the end? Brutto, or neto proffit? Thank you all very much for taking your time to look into this. Kind Regards, |
Your company pays tax on profit. Profit is selling price minus purchase price for the sold product minus other cost - all ex VAT
Goods on stock is not a cost - not before they are sold
VAT is 25% on on sellingprice and if purchased from danish VAT registrered comp. the is a purchase VAT to deduct - You pay the difference to tax - but VAT is not part of profit or loss
What ever you put in all pull out does not matter if you have personal company - if it is a ltd company like IVS and ApS - you will put money in as loan with interest and not pull money out unless as salary with tax report
your tax incl AM is more like 42%
Maybe you should connect with an online book keeper
br John Hannover