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Welcome! / Talk about tax risks that are easily overlooked
« on: August 31, 2023, 05:12:49 am »
Talk about tax risks that are easily overlooked by cross-border e-commerce sellers 1 However, with the increasing uncertainty of Brexit, it is uncertain whether the post-Brexit VAT can still be applied in the EU. Recently, some sellers have received official email notifications from Amazon, requiring them to fill in the VAT numbers of five European countries before August 31, otherwise their accounts will be closed and related goods will be removed. The VAT problem in EU countries is already very serious, this is not a drill, it is imminent.
Some time ago, the United Kingdom and Germany strictly inspected VAT. Nearly a thousand Amazon German stores were closed due to failure to submit VAT tax numbers, and hundreds of Telegram Number Data thousands of euros in funds and inventory in sellers' accounts were frozen. by cross-border e-commerce sellers 2 Among them, Sweden has imposed a value-added tax and handling fee of SEK 161 on postal parcels from non-EU countries since March 1. If you send the product by post, your customer will have to pay an additional fee of up to 161 SEK (about 120 RMB) when receiving the package.
Of course, the customer can also choose to refuse to return the product, and the loss must be borne by the seller. For example, the picture below is the extra bill paid by local buyers in Sweden when they pick up the parcel from the post office. Talk about tax risks that are easily overlooked by cross-border e-commerce sellers 3 When operating cross-border e-commerce, if you do not take compliance issues seriously and ignore tax risks, it may be a matter of time before your account is closed, funds are frozen, and inventory is seized, so it is better to take precautions. In the cross-border e-commerce industry, it seems that more tax issues are collected by overseas countries, so is there no need to pay taxes in China? This topic is a bit sensitive.
Some time ago, the United Kingdom and Germany strictly inspected VAT. Nearly a thousand Amazon German stores were closed due to failure to submit VAT tax numbers, and hundreds of Telegram Number Data thousands of euros in funds and inventory in sellers' accounts were frozen. by cross-border e-commerce sellers 2 Among them, Sweden has imposed a value-added tax and handling fee of SEK 161 on postal parcels from non-EU countries since March 1. If you send the product by post, your customer will have to pay an additional fee of up to 161 SEK (about 120 RMB) when receiving the package.
Of course, the customer can also choose to refuse to return the product, and the loss must be borne by the seller. For example, the picture below is the extra bill paid by local buyers in Sweden when they pick up the parcel from the post office. Talk about tax risks that are easily overlooked by cross-border e-commerce sellers 3 When operating cross-border e-commerce, if you do not take compliance issues seriously and ignore tax risks, it may be a matter of time before your account is closed, funds are frozen, and inventory is seized, so it is better to take precautions. In the cross-border e-commerce industry, it seems that more tax issues are collected by overseas countries, so is there no need to pay taxes in China? This topic is a bit sensitive.