China e-commerce tax plan for 2015
- Sep 28, 2014 | Richard Asquith
China is reviewing the introduction of tax on online sales of goods, e-commerce, in 2015. The plan would include a tax system administered by e-commerce platforms in the world’s biggest online shopping economy.
There is widescale non-disclosure of taxable revenues by Chinese traders on e-commerce sites such as Alibaba, and the State Administration of Taxation (SAT) want to eliminate this wide scale tax evasion through a tax around payments.
This will require online site and e-commerce platforms to incorporate tax calculations, and potentially act as the state’s tax collector on e-retailers.