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Barry-xlovecam · 02-01-2016, 01:33 PM

I would ask your accountant in your local jurisdiction (country of domicle [where you do business]).

Your big problem is accounting for your COGS to your local tax jurisdiction. VAT is another headache -- talk to a tax attorney on that one. These records required will resolve any affiliate payment dispute. In the USA you need to keep income tax related records for up to 7 years.

02-01-2016, 01:33 PM
Barry-xlovecam It's 42 Industry Role: Join Date: Jun 2010 Location: Global Posts: 18,083	I would ask your accountant in your local jurisdiction (country of domicle [where you do business]). Your big problem is accounting for your COGS to your local tax jurisdiction. VAT is another headache -- talk to a tax attorney on that one. These records required will resolve any affiliate payment dispute. In the USA you need to keep income tax related records for up to 7 years.