[TAXES]CA Based - Selling to EU Customers
Hello, I'm starting a POD business, everything's running smoothly except for TAXES, some general guidance would be much appreciated!
My store is Canadian Based (sole owner for now, no company) , and I'm supposed to sell to European customers. I work with Printful as a fulfillment company.
Let's assume I'm selling a T-Shirt
- Retail Price 24.99€ Tax/Shipping Included
- I Buy it from Printful for 12€+3€Shipping + 21% VAT = 18$
This leaves me with a ridiculous 5€ Margin, and since my prices includes tax, does that mean I still owe that 5€ to the EU?!!
I don't want to charge additional stuff at checkout(shipping and taxes: unattractive), but if I did, would that be canadian tax or EU tax?!
What about paying revenue taxes to Canadian government 🤣🤣🤣
It's really confusing and really discouraging to the point I'm almost willing to give up, I would really appreciate some help
I know only a professional can give me accurate information, but I'd be nice to at least have an idea from you guys.
Thank you, looking forward to your replies.