this post was submitted on 23 Aug 2024
31 points (91.9% liked)

Business

378 readers
359 users here now

A place to share business news and insights.


Rules


  1. Follow lemmy.world rules
  2. Only post content related to business
  3. Do not use this community to promote your business

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[โ€“] [email protected] 26 points 3 weeks ago (1 children)

Sales tax on resold items is how taxes work. People pay taxes when they buy a used car, refurbished electronics, used furniture, and everything else.

This has to be some kind of loophole for selling returns without taxes or something along those lines.

[โ€“] [email protected] 2 points 3 weeks ago

In Europe it's not. If an article is sold by a private person to a company, no vat is added and if the company resells it, vat has to be calculated on the profits only and not the full sum.

This is especially true for second hand cars.