China Revises Export Tax Rebate Rules for Key Industries

China Revises Export Tax Rebate Rules for Key Industries

New regulations from the State Taxation Administration clarify that export enterprises failing to file for tax rebates within the prescribed period must still file tax returns. However, extensions may be granted in special circumstances or with approval. Enterprises engaged in processing trade with imported materials are required to calculate output tax according to regulations. Timely filing is crucial. If you encounter any problems, promptly communicate with the tax authorities.

Amazon Expands Sales Tax Collection Impacting Crossborder Ecommerce

Amazon Expands Sales Tax Collection Impacting Crossborder Ecommerce

Amazon is expanding its sales tax collection across the United States, starting April 1st in 45 states. This move aims to close online sales tax loopholes but presents new tax compliance challenges for cross-border e-commerce sellers. Sellers need to promptly understand the policies of each state and establish a comprehensive tax management system to ensure compliant operations. Only by doing so can they remain competitive in the market.

Ebay Sellers Protest Lowered 1099K Tax Reporting Threshold

Ebay Sellers Protest Lowered 1099K Tax Reporting Threshold

A new IRS tax law requires platforms like eBay to issue 1099-K forms to sellers with annual sales exceeding $600, sparking controversy. eBay is urging sellers to resist, arguing that it increases compliance costs and may lead to user attrition. This article provides a detailed explanation of the 1099-K form, analyzes the impact of the new tax law, and offers advice to sellers on how to navigate these changes. The new rule creates burdens for small sellers who may not be aware of the tax implications of online sales.