Does Amazon keep taxes buyers pay on items purchased?
When I go to Transaction View it does not show the taxes the buyer paid for the item under the total product charges. Therefore the total balance is incorrect. Does Amazon keep taxes buyers pay on purchased items?
5 replies
Seller_kIukTwdhvntAp
Amazon collects all those taxes and uses the money to pay for all the rocket ships that Bezos shoots off. /S
YES, Amazon keeps the money and sends it off to all the STATES for the sales taxes so you don't have to account for it.
Have you looked at any of the notices that Amazon sends you (at least if you are selling FBM)?
Quantity: 1
Order date: 10/08/2023
Price: $119.99
Tax: $10.35
Shipping: $0.00
Amazon fees: -$18.00
Marketplace Facilitator Tax: -$10.35
Your earnings: $101.99
Seller_rI7BZIczK8iAC
You don't have to remit sales taxes, Amazon is doing this for you.
CR_Amazon
@Seller_UfjFJprkJiXjA
You have already received amazing advice by rockstart community members, @Seller_kIukTwdhvntApand @Seller_rI7BZIczK8iACabove.
This link provides you with some more information on marketplace withheld tax I wanted to share should you want some additional information to review further.
Have a terrific week ahead!
CR_Amazon
