Another tax? Amazon releases three new tax rules

Another tax? Amazon releases three new tax rules

Today, Amazon US issued three consecutive announcements regarding value-added tax (VAT).

 

In the first announcement, Amazon said that the new Thai Value Added Tax (VAT) rules will officially apply from September 1, 2021. Amazon said that under this new rule, Amazon will charge sellers located in Thailand a standard tax rate of 7%. If sellers can submit a valid Thai VAT ID to Amazon, they can avoid double taxation.

 

According to Amazon’s announcement, the process for submitting a valid Thai VAT ID is as follows:

 

1. Log in to Seller Center

2. Under Settings, click Account Information

3. In the Tax Information section, click VAT Information

4. From the list of countries, select Thailand

5. Add your Thai VAT number

6. Click I accept and confirm all conditions stipulated in the tax registration agreement

7. Click Save

 

In the second announcement, Amazon stated that due to the policy requirements of the Bahraini government, non-resident companies providing e-commerce services need to collect Bahraini VAT at a rate of 5% when providing such services to Bahraini sellers. According to this new regulation, Amazon emphasizes that certain services provided to Bahraini sellers (such as: I want to open a store) are subject to Bahraini VAT.

 

In the third announcement, Amazon stated that due to the policy requirements of the Bahamian government, non-resident companies providing e-commerce services need to collect Bahamian VAT at a rate of 5% when providing such services to Bahamian sellers. According to this new regulation, Amazon emphasizes that certain services provided to Bahamian sellers (such as: I want to open a store) are subject to Bahamian VAT.

 

As soon as the three new regulations came out, sellers were talking about it, and some sellers even suspected the "Amazon conspiracy theory."

 

Seller A: When will this VAT madness end? We had a great 20 years before the federal government got involved in cross-border e-commerce.

 

Seller B: I would like to know how much revenue the Bahamian government is able to get from VAT? I suspect that the money goes to Amazon. If it is a VAT system, then any business can recover the VAT through the tax system. Only unregistered VAT businesses and individuals pay the VAT, which cannot be refunded.

 

The editor would like to remind you that you must conduct business operations in accordance with policies, pay taxes legally and in compliance with regulations, and avoid unnecessary losses.


Amazon

policy

tax

<<:  The cross-border operation assessment form has been leaked, and the performance for overtime less than 25 hours is 0!

>>:  Outrageous! Amazon refunds orders from four years ago

Recommend

What is WalmartPetRx? WalmartPetRx Review, Features

WalmartPetRx is Walmart's first online pet ph...

What is ForecastRx? ForecastRx Review, Features

ForecastRx specializes in optimized inventory fore...

What is Majority? Majority Review, Features

Majority is the all-in-one mobile bank for US imm...

What is BMS? BMS Review, Features

BMS is called the fee settlement management system...

What is China Good Seller? China Good Seller Review, Features

China Good Sellers was launched in 2015. It is a ...

What is Vendor Express(VE)? Vendor Express(VE) Review, Features

Amazon VE is the abbreviation of Amazon Vendor Ex...

What is VIELEX Huanran? VIELEX Huanran Review, Features

VIELEX Huanran is a company that provides cross-b...

What is Temple &amp; Webster? Temple &amp; Webster Review, Features

Temple & Webster was founded in 2011 and focu...

Selling Amazon brands and getting data for free may be a mistake for sellers

After a whole year of preparation and development...

What is AlphaSense? AlphaSense Review, Features

Founded in 2013, AlphaSense is an intelligent fin...

What is micheo-music? micheo-music Review, Features

Micheo-Music is the leading musical instrument sto...

Wish is being abandoned by sellers!

Wish is known as the American version of Pinduodu...