Nowadays, when it comes to Amazon, everyone knows that it is a powerful cross-border e-commerce platform. Currently, more and more merchants are choosing to open stores on Amazon. Since it is a cross-border e-commerce company, it will naturally involve import and export tax issues. So, let’s learn how to refund taxes for Amazon cross-border e-commerce companies?
1. How to refund taxes for Amazon cross-border e-commerce companies Do?
For domestic sellers, applying for Amazon tax refund usually involves export tax issues. This requires meeting certain conditions before you can choose to apply for a tax refund. Once the conditions are met, the seller needs to prepare tax refund vouchers such as the export goods declaration form and tax refund summary application form, and fill in the relevant information in the export tax refund declaration system. In addition, the declared data must pass pre-examination, and then the declaration form must be printed and the tax refund voucher must be bound for formal declaration.
2. How do Amazon buyers get tax refunds?
If buyers purchase goods on Amazon and need tax refunds, merchants also need to handle them in a timely manner. The specific operation process is as follows.
First, the buyer must ensure that the tax exemption conditions are met, and then apply for a tax refund from the merchant. Next, the merchant clicks on the order refund in the order details. For tax-free buyers, you need to select the reason for exemption; for orders from unincorporated areas, you need to select one or more jurisdictions to be refunded, and then choose to submit a refund. If the order is delivered by Amazon and pre-collected tax has been received, the buyer will automatically refund the excess tax within 14 days after receiving the goods. At this time, the merchant will not see the “Tax Refund Only” button. For Amazon merchants, handling tax refunds is relatively complicated. First, you need to check whether you meet the conditions for tax refund, and you also need to prepare relevant materials. Therefore, everyone needs to prepare in advance, after all, not everyone is eligible for a tax refund.
The above introduces the relevant knowledge on how to refund taxes for Amazon cross-border e-commerce companies. If Amazon sellers want to refund taxes, they need to meet the tax refund conditions and prepare relevant materials in advance to apply. Not every seller is eligible for a tax refund, but if you can successfully get a tax refund, you can save a lot of money. If you are an Amazon seller, you may wish to check whether your store is eligible for tax refund.