What will be the tax for earning $ 6k in my Sweden PayPal Account?

Discussion in 'PayPal' started by freaky316, Jul 26, 2011.

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  1. #1
    I have a PayPal account with location Sweden. I have registered my Credit Card in my account. From the start of the year, I have earned $ 6k but I never withdrawn any amount to my Bank Account or via Cheque or by any other means. I have used all the penny to buy products for my business or sent as a Mass Payment for some other services. Do I have to pay tax for that as I did not withdrawn any amount, if so how much will be the tax amount?
     
    freaky316, Jul 26, 2011 IP
  2. nokialal

    nokialal Greenhorn

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    #2
    if the amount is very samm upto 10$ then no fees
     
    nokialal, Aug 5, 2011 IP
  3. lifeplayer

    lifeplayer Notable Member

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    #3
    theoretically you need to pay tax since it is considered as your income as well
    the amount of tax shall refer to your country tax department, different country have different tax.
     
    lifeplayer, Aug 6, 2011 IP