In the ever-growing world of e-commerce, complying with tax regulations is an indispensable part for sellers. However, many sellers on Shopee are still uncertain about tax-related issues. Here are some common questions:
1. Why Doesn't Shopee Guide Sellers on the Documents and Procedures for Tax Collection?
Tax collection is the responsibility of the tax authorities, who will guide sellers to determine and declare their income and issue tax recovery decisions based on current regulations. Shopee does not have the function or expertise on tax to be able to support sellers in this regard. However, Shopee is ready to coordinate with sellers and tax authorities upon request.
2. Does Deleting or Locking an E-commerce Platform Account Help Avoid Tax Obligations?
Deleting or locking an account on the e-commerce platform does not help sellers avoid past tax obligations. Tax authorities can recover taxes from a variety of data sources and apply enforcement measures if necessary.
3. Do Sellers with Multiple E-commerce Accounts Need to Declare Taxes on Revenue from All Accounts?
Sellers must accurately and fully declare taxes on revenue from all their e-commerce accounts. Tax authorities may recover taxes from multiple sources to cross-check the data self-declared by the sellers.
4. Can Sellers Use Personal Tax Information of Relatives to Declare Taxes?
Using someone else's personal information to declare and pay taxes can lead to legal and financial issues. Sellers should be responsible for their own taxes and invoices for their business activities.
5. Can Sellers Use the Bank Accounts of Others?
Bank account information is necessary for tax duty inquiries. Shopee advises sellers to provide bank account information related to the store owner.
6. What Should a Seller Do If They Purchase an Account from a Former Seller?
When purchasing an existing e-commerce account, the new seller needs to sign an official sales contract, check the tax history of the account, and update the seller information in the system to ensure the accuracy and completeness of information.
7. How Will Shopee Protect the Personal Information of Sellers?
Shopee is committed to processing and securing all information collected from sellers in strict accordance with the privacy policy that Shopee has officially published on the website.
Conclusion
Tax obligations are an important aspect not to be overlooked when doing business on e-commerce platforms. Understanding and complying with tax regulations will help sellers avoid unnecessary legal risks. If you need professional support in managing and developing your store on Shopee, don't hesitate to contact Lameco - we are always ready to support you.
Contact Lameco today for professional and dedicated support!