You would like to know what the "Tax Due Later" on your receipt means.
After I reported revenue the receipt showed a balance for a tax due later. Why is there a balance?
- We debit your account for taxes due in the month in which we pay them to the tax authorities. Taxes with a monthly filing frequency will be deducted from your bank account each month when you report your revenue to us. Taxes which are filed quarterly, however, will only be deducted from your bank account when you report to us at the end of the quarterly reporting period. Please refer to the receipt that we email to you after each reporting period for the details of the amount that will be charged to your account.