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Paypal Account and Tax - Question

Discussion in 'PayPal' started by julia87, May 27, 2015.

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  1. #1
    Hello everyone

    I'm trying to do some research to find out about how taxes work with online business and paypal accounts.

    My situation is - I live in New Zealand but want to open a UK paypal account. I have a UK company and bank account (sitting dormant right now).

    The reason I want to do this is because Paypal UK has so many more features over Paypal NZ.

    Now my question is:

    If I live in New Zealand, but process all of my payments through UK paypal, and deposit funds into a UK bank account (personal account), do I pay taxes in New Zealand on my worldwide income or will I get stung for taxes in the UK too?

    I can't figure out how this would work.

    If anyone has any advice that would b great.

    Thanks
     
    julia87, May 27, 2015 IP