Accelerated Implementation of Tax Assessment for Cross-Border E-commerce Income

May 20, News - The implementation of tax assessment for cross-border e-commerce income is significantly accelerating. A local tax bureau has dispatched specialized staff to proactively contact the legal representatives of cross-border e-commerce enterprises within its jurisdiction. They inform these businesses of unreported income from online platforms that was not declared in accordance with regulations and guide them in handling related tax issues. Concurrently, the tax bureau has issued templates such as the "Situation Statement," requiring single-store businesses to submit feedback materials within 2-3 working days to apply for the assessment of taxable income from online platforms. Businesses operating multiple stores are required to fill out statistical tables and income allocation forms. According to the reference guidelines, store entities capable of independently and accurately accounting for costs can opt for self-assessment based on their accounting records. For businesses with consolidated accounting across multiple stores where individual stores cannot accurately account for costs, the operating entity aggregates the costs and allocates them proportionally based on revenue, after which each store undergoes assessment based on its accounting records. In cases where neither the operating entity nor the individual store entities can accurately account for costs related to existing business up to and including 2025, the tax authorities may conduct a post-facto assessment in accordance with the law. After businesses submit their materials, the tax office will complete the assessment or issue relevant documents to facilitate the filing of amended declarations. Businesses can also proactively contact the tax bureau to apply for the tax assessment. [Source: Ebrun Go. This article is generated by Ebrun's automated writing robot, which uses algorithms to deliver e-commerce industry intelligence promptly. This 'dog' is still young; feel free to contact run@ebrun.com or leave comments to help it grow.]