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I have an online business in Hong Kong and all the operation is there. All payment is in USD. I use USA Paypal to receive customers payments then withdraw to USA California bank. When I come to USA once a while, I just do the wire transfer the balance to my Hong Kong bank. DoI need to pay usa tax?



The reason I am using USA Paypal is to avoid HK Paypal bad exchange rate for USD to HKD. I can only receive HKD when I use Paypal direct withdrawal to HK bank.

Thank you in advance.

Peter
Accountant Business
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Tax Professional Answers

User Photo
John Dundon, II EA
Are you a US Citizen or US Resident Alien (green card holder)? If so you need to report your world wide income to the IRS and pay tax on that world wide income.
Leave a Comment 13 weeks ago

User Photo
Question Owner
Thank you

I not US citizen nor US resident. I guess I don't need to report tax for USA?
Reply 13 weeks ago
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Manasa Nadig
From what you have posted, it looks like you have no obligation to pay US taxes.
Reply 10 weeks ago


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