Collection terms of commonly used payment methods in international trade

By Ultraman

When using collection terms, the conditions for delivery of documents, the buyer’s payment or acceptance responsibility and the payment period should be clearly stated in the contract. 1. D/P at sight For example, Upon first presentation, the Buyers shall duly make the payment against documentary draft made out to the Buyers at sight by the…

Why do purchasing agents who are not taxpayers become smugglers?

By Ultraman

In purchasing on behalf of others for the purpose of profit, the purchasing agent should declare the goods in the customs clearance process according to the goods procedure and comply with the provisions of laws and regulations on the customs clearance procedures and the payment of taxes payable on goods. However, when the purchased goods…

Seven steps and processes for Doudian sellers to operate

By Ultraman

As the e-commerce module of the Douyin platform, Doudian has built a very dynamic social e-commerce model for sellers. With the help of Douyin’s huge user traffic and strong social attributes, sellers can quickly expand their sales scale and maximize their commercial value. The following will discuss in detail the seven steps and processes of…

Financial, document and warehousing management regulations for import and export companies

By Ultraman

(1) General requirements for standardized management of financial books Import and export enterprises should set up accounting accounts, conduct accounting, fill out accounting vouchers, register accounting books, and prepare financial accounting reports in accordance with the Accounting Law, Enterprise Accounting Standards, and Enterprise Financial General Rules. The accounting books of enterprises must truthfully, accurately, and…

Explanation of property tax for cross-border e-commerce

By Ultraman

The property tax is levied on houses, and the scope of property tax collection is cities, county towns, towns and industrial and mining areas, not involving rural areas. The property tax is levied on the property owner as the taxpayer, and a proportional tax rate is adopted. There are two tax bases: one is to…