China Clarifies Export Tax Rebates for CIF Pricing

China Clarifies Export Tax Rebates for CIF Pricing

This article provides a detailed operational process and risk reminders for export tax rebate declarations under CIF price terms in cross-border export businesses. It emphasizes the importance of FOB price as the tax rebate base and how to accurately separate freight and insurance costs from the CIF price. It also answers frequently asked questions and provides practical guidance for enterprises to comply with export tax rebate declarations. The article aims to help businesses navigate the complexities of export tax rebates when using CIF pricing.

Global Authorities Crack Down on Crossborder Tax Evasion

Global Authorities Crack Down on Crossborder Tax Evasion

This paper emphasizes the importance of customs-tax cooperation, analyzing intelligence sharing and joint enforcement mechanisms. The aim is to enhance fiscal revenue, safeguard the trade environment, and promote economic development. Effective collaboration between customs and tax authorities is crucial for combating illicit financial flows, preventing tax evasion, and ensuring fair trade practices. This collaborative approach strengthens border security, improves risk management, and ultimately contributes to a more stable and prosperous economy. The paper highlights the benefits of a coordinated strategy in addressing complex challenges in international trade and taxation.

China Tightens Ecommerce Tax Reporting for 7000 Platforms

China Tightens Ecommerce Tax Reporting for 7000 Platforms

China is strengthening tax regulation on cross-border e-commerce, requiring platforms to report merchant data. In Q3, over 7,000 platforms completed data submissions, resulting in a 12.7% year-on-year increase in e-commerce tax revenue. The new regulations aim to level the playing field between online and offline businesses in terms of taxation. However, compliance costs and data security have emerged as new challenges for sellers. This increased scrutiny necessitates careful attention to data handling and tax obligations for businesses operating in the Chinese cross-border e-commerce market.

Pacific Islands Boost Tax Revenue with Regional Training

Pacific Islands Boost Tax Revenue with Regional Training

The World Customs Organization (WCO), in collaboration with the Japan International Cooperation Agency (JICA), launched the 'Master Training Program (MTP)' to enhance the revenue management capacity of Customs administrations in Pacific Island Countries. The program focuses on developing tax experts and improving the accuracy of customs valuation and HS code classification, thereby promoting trade facilitation and sustainable economic development. Pacific Island Customs administrations have identified revenue-related issues as a primary focus of the MTP.

Madagascar Tax Authority Enhances Revenue Via HR Modernization

Madagascar Tax Authority Enhances Revenue Via HR Modernization

The Madagascar Revenue Authority (MRA) is modernizing its human resource management system with the support of the World Customs Organization (WCO). By building a competency-based HR management system and empowering the HR department to become a strategic partner, the MRA aims to improve tax collection efficiency, optimize taxpayer services, and ultimately promote sustainable national economic development. The WCO's continued support will provide strong momentum for the MRA's modernization process. The focus is on developing talent and building capacity within the organization.

Saudi Arabia Extends Tax Amnesty Deadline for Businesses

Saudi Arabia Extends Tax Amnesty Deadline for Businesses

The Saudi Tax and Customs Authority (ZATCA) has extended the penalty waiver initiative for VAT violations until the end of 2025. This covers penalties for late registration, filing, payment, and e-invoicing violations. Exclusions apply to tax evasion cases and previously paid penalties. The waiver applies only to penalties incurred before Q1 2025. Businesses are advised to consult with tax advisors promptly to seize this final opportunity for 'low-cost correction' and ensure compliance with VAT regulations.

Crossborder Ecommerce Hit by Tax Reforms Postgolden Week

Crossborder Ecommerce Hit by Tax Reforms Postgolden Week

During the National Day holiday, cross-border e-commerce witnessed the implementation of stricter tax regulations and platform rule updates. Amazon introduced partial FBA refunds and its own brand, Amazon Grocery. eBay mandated DDP shipping for Korean sellers' orders to the US. The industry is transitioning from extensive growth to refined operations. Compliance, enhancing user experience, and expanding channels are becoming crucial for success in this evolving landscape. This shift highlights the increasing importance of strategic adaptation and operational excellence in the cross-border e-commerce sector.

Turkey Imposes 2026 Ecommerce Tax on Crossborder Sellers

Turkey Imposes 2026 Ecommerce Tax on Crossborder Sellers

Turkey will abolish the tax exemption for low-value cross-border e-commerce goods in 2026, requiring all imported goods to be declared through regular procedures. The new regulations aim to ensure product safety, protect local industries, and achieve compliance. Cross-border sellers from China need to pay attention to challenges such as increased costs, longer fulfillment times, and higher compliance requirements. It is recommended to optimize product selection, operate in compliance, adjust pricing strategies, optimize logistics solutions, and diversify markets.

US Tax Reform Poses Challenges for Transportation Infrastructure

US Tax Reform Poses Challenges for Transportation Infrastructure

The US tax reform, by lowering corporate tax burdens, presents opportunities for the transportation industry. However, lagging infrastructure development poses a significant bottleneck. This article analyzes the impact of the tax reform on the sector, explores the funding challenges for infrastructure construction, and forecasts future development trends. Seizing the opportunities brought by the tax reform, promoting infrastructure development, and innovating financing models are crucial for the sustainable growth of the transportation industry.

Russias New Tax Rules Challenge Chinese Ecommerce Sellers

Russias New Tax Rules Challenge Chinese Ecommerce Sellers

Russia plans to impose new taxes on cross-border e-commerce to close tax loopholes and standardize VAT collection. Chinese sellers need to accelerate compliance strategies, shifting from extensive product offerings to brand building and localization. Strengthening supply chain and local service capabilities is crucial to adapt to market changes and seize long-term development opportunities in the Russian market. This reform requires businesses to prioritize tax compliance and adapt their operational models for sustainable growth in the evolving Russian e-commerce landscape.