X @外汇交易员

Regulatory Focus - Chinese tax authorities are requiring e-commerce giants like Amazon, AliExpress, Temu, and Shein to provide sales data [1] - This action aims to combat tax evasion by merchants conducting cross-border transactions on online platforms [1] - Tax authorities in Beijing, Guangdong, Fujian, and Sichuan are publicly addressing cases of unreported overseas income, urging taxpayers to self-inspect, rectify, and pay taxes [1] Potential Tax Implications - Sellers who adjust their declared data to match platform data may face up to 13% in value-added tax (VAT) and corporate income tax [1] - Companies with annual sales exceeding 5 million yuan are required to pay a maximum of 13% VAT according to the "Value Added Tax Law" [1]