Temus Deposit Rules Disrupt Crossborder Ecommerce Hit Small Sellers

Temus Deposit Rules Disrupt Crossborder Ecommerce Hit Small Sellers

TEMU's new deposit rules significantly increase seller deposits, reaching up to 100,000 RMB, causing industry shockwaves. This move aims to address overseas regulatory pressure, optimize the platform ecosystem, and eliminate non-compliant sellers. Sellers need to strengthen compliance qualifications, plan their finances carefully, and streamline their store matrix to adapt to the new regulations and embrace a new phase of high-quality development in the cross-border e-commerce industry. The increased deposit acts as a stronger deterrent against fraudulent activities and ensures a more reliable marketplace for consumers.

Amazon Sued Over Misleading Supplement Labels

Amazon Sued Over Misleading Supplement Labels

Amazon faces a class-action lawsuit over dietary supplement labeling after a court denied its motion to dismiss, highlighting a regulatory 'gray area' in the U.S. market. Consumers allege Amazon misled them with 'structure/function claims,' leading them to believe products were FDA-approved. This case underscores the importance of consumer protection and may push the entire dietary supplement industry towards greater compliance in labeling and marketing practices. The lawsuit questions the legality of Amazon's current labeling practices and could set a precedent for future cases involving similar claims.

Americas Caribbean Customs Workshop Boosts Audit Skills for Revenue Growth

Americas Caribbean Customs Workshop Boosts Audit Skills for Revenue Growth

The World Customs Organization held a post-clearance audit (PCA) seminar for the Americas and Caribbean region in the Dominican Republic, aiming to enhance customs tax collection capabilities. The seminar focused on risk management, audit planning optimization, personnel training, and information technology application, promoting regional cooperation to address cross-border trade challenges and safeguard national economic security. By strengthening PCA, the goal is to improve tax compliance and achieve effective growth in tax revenue. This initiative underscores the importance of robust PCA systems in ensuring fair and efficient tax administration.

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.

WCO Backs Ghana Customs Modernization Plan

WCO Backs Ghana Customs Modernization Plan

The World Customs Organization (WCO), through the WACAM project, assessed and optimized the 2015-2017 strategic plan of the Customs Division of the Ghana Revenue Authority (GRA). This initiative aimed to enhance customs modernization in Ghana, enabling it to better adapt to the international trade environment and safeguard national economic development. The focus was on strategic plan compliance, modernization reforms, capacity building, and improving the monitoring and evaluation unit, along with internal project management capabilities. The project sought to improve GRA's overall effectiveness and efficiency in customs operations.

Amazon Temu Tiktok Reshape US Ecommerce Amid Spring Sales

Amazon Temu Tiktok Reshape US Ecommerce Amid Spring Sales

Cross-border e-commerce platform policies are constantly changing, presenting both opportunities and challenges. With Amazon's European Spring Sale approaching, attention should be paid to warehousing, promotion submission deadlines, and compliance issues. AliExpress is promoting brand globalization and overseas consignment. Temu's market share is surging, making Spring Festival inventory preparation crucial. TikTok is adjusting its US operational strategy and expanding in Europe. eBay's fee increase requires careful cost management. EU trademark applications are at a record high, highlighting the growing importance of intellectual property protection. Staying informed and adaptable is key for success.

Slovakia VAT Rules Challenge Amazon Sellers Posteu Reform

Slovakia VAT Rules Challenge Amazon Sellers Posteu Reform

Amazon Pan-European sellers should be aware of new tax risks. If inventory is transferred to Slovakia, VAT registration in that country is required. This article analyzes the impact of the European tax reform on sellers, emphasizing the importance of monitoring inventory movements and registering for VAT in a timely manner. It advises seeking professional tax advice to navigate the complexities of the EU tax landscape and ensure compliance with VAT regulations in different member states. Ignoring these changes can lead to penalties and disruptions to business operations.

Crossborder Sellers Target EV Charging Pile Market

Crossborder Sellers Target EV Charging Pile Market

This article provides an in-depth analysis of the cross-border e-commerce ecosystem for exporting "Blue Sky Charging Piles," covering market prospects, certification barriers, logistics solutions, sales channels, target customers, operational steps, cost control, after-sales service, business models, and compliance risks. It emphasizes the importance of pre-certification, local adaptation, and a closed-loop service system. The aim is to help Chinese charging pile manufacturers seize overseas market opportunities and achieve sustainable growth. It highlights key considerations for successful international expansion in the charging infrastructure sector.

Burundi Customs Enhances African Trade with WCO Backing

Burundi Customs Enhances African Trade with WCO Backing

With support from the WCO and the EU, the Burundi Revenue Authority held a national workshop on customs laboratories and the Harmonized System classification of chemical products. The aim is to establish its own laboratory to improve tax collection efficiency, strengthen social and environmental protection, and promote trade facilitation. Guided by WCO experts and through learning technical standards, Burundi Customs is committed to building a first-class customs laboratory, contributing significantly to Burundi's economic development. This initiative is crucial for modernizing customs operations and ensuring compliance with international standards.

WCO Backs Ghana Customs Data Modernization Push

WCO Backs Ghana Customs Data Modernization Push

The World Customs Organization (WCO), through the WACAM project, provides strategic planning support to the Ghana Revenue Authority (GRA), focusing on data-driven modernization. The mission includes assessing the GRA's strategic plan compliance, addressing customs reform and modernization issues, and enhancing monitoring, evaluation, and project management capabilities. Emphasizing the crucial role of data in customs modernization, recommendations include establishing a data warehouse, developing data analysis tools, and formulating data-driven performance indicators. The project aims to transform GRA into a more efficient and effective organization through strategic planning and data utilization.