When do you require to pay taxes after your online business earnings and which countries are affected? I have always wondered about this question. None of the so called gurus mentioning in any of their money making methods.
This question can have hundreds of different answers, I suspect, depending upon which country or countries that your business is based in. From a practical perspective, you need to first worry about the country your business is located in. This is because the country that you are located in is one in which the taxing authorities can exert their authority over you, your company, your bank accounts, etc. Find out how your country expects you to collect taxes for your sales and go from there.
As mentioned before, it depends where you live. Pretty sure you are expected to pay Taxes on all your profits big or small (if you are a business). If you are an individual selling stuff, I think if you are making less than 10k/yr in revenue you can avoid most taxes.
To sale my product I have signed an agreement with 2Checkout. This service knows about taxes in different countries and pay it when someone buy my application. I just need to visit my local tax office and pay them. For more details you can visit https://www.2checkout.com/