How to pay taxes for opening a cross-border e-commerce store? What taxes should be paid?

Whether it is cross-border e-commerce or domestic e-commerce, as long as it meets the tax standards, it needs to pay taxes, and personal store opening is no exception. Recently, some merchants want to know how to pay taxes for personal cross-border e-commerce stores? Next, we will explain this aspect to you.

1. How to pay taxes for opening a cross-border e-commerce store?

The tax obligations of individual sellers mainly include value-added tax and personal income tax. As long as they meet the tax standards, they can declare it themselves within the specified time.

2. What taxes should be paid?

1. Tariffs

As an export cross-border e-commerce company that needs to sell to different markets, one tax that cannot be avoided is tariffs, and the tariff policies of each country or region are different. Therefore, when cross-border e-commerce companies go overseas for sales, they should pay close attention to the specific policies and changes of import tariffs in different countries.

The EU countries have formulated a common trade policy, which is a common customs tariff and trade policy for third countries implemented by EU member states. That is to say, no matter which country or region is imported into the EU, the import tariff is the same. The US import tariff stipulates that goods from third countries and regions can be levied on the basis of price (percentage of the value of the goods) or on the basis of volume (unit: US dollars/cent). In recent years, the Sino-US trade negotiations have also continuously affected the import and export tariff rates of both sides.

ASEAN countries have signed Free Trade Agreements with both the mainland and Hong Kong, committed to reducing import tariffs to the lowest level or even to zero, which has also promoted closer trade exchanges between the Southeast Asian market and the mainland.

2. Import VAT

Import VAT refers to the VAT levied at the import stage, which is a kind of turnover tax. Unlike general VAT, the value-added amount of production, wholesale, retail, etc. is taxable. Import VAT is a VAT specially levied on the value-added amount at the import stage. Amazon sellers make sales after paying the import VAT to the authorities, and the VAT actually paid can be deducted from the import VAT (difference tax) of the goods.

3. Sales turnover tax

Sales turnover tax refers to the tax that needs to be paid after the goods are sold. It is a turnover tax levied on the added value generated during the circulation of goods as the basis for tax calculation. From the principle of tax calculation, value-added tax is a turnover tax levied on the added value or added value of goods in multiple links of commodity production, circulation, and labor services.

4. Income tax

Corporate tax is generally divided into corporate income tax and personal income tax. The tax is paid based on the actual operating profit of the enterprise multiplied by different income tax rates. E-commerce sellers need to pay the corresponding income tax rate in the target country or home country according to the nature of the entity, such as enterprise or individual.

We must pay taxes on time when doing cross-border e-commerce. We cannot pay less or pay late. Such behavior will lead to fines for the store, affect the development of the store, and even close the store in serious cases! Well, today's sharing ends here. I hope this article can help you!