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       #Post#: 24--------------------------------------------------
       Opened as a domestic company to collect 
   DIR By: Jabin Khatun
       Date: August 30, 2023, 11:22 pm
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       As a cross-border e-commerce seller who is familiar with
       routines, after opening a store on the platform as a company, he
       usually uses a third-party payment service provider to collect
       foreign currency funds on the platform, and then converts the
       foreign currency funds into RMB and withdraws them to domestic
       personal bank accounts. For example, use the payoneer account
       payments from overseas platforms such as Amazon, wish, and
       lazada. Payoneer allows direct withdrawal of company account
       funds to domestic personal accounts. Payoneer is an American
       company.
       Its operating procedures and rules are decided by itself, and it
       is naturally not subject to Chinese laws. In this regard, the
       domestic Amazon platform and paypal are much stricter. If the
       account is opened in the name of the company, the funds are only
       allowed to be withdrawn to the company's corporate account. For
       example, the foreign Telegram Number Data
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       currency funds in the Paypal company
       account can be converted into RMB through Lianlian Payment and
       then withdrawn to the domestic corporate account, but personal
       bank accounts are not allowed. Let’s talk about tax risks that
       are easily overlooked by cross-border e-commerce sellers 6 So
       let’s talk about some basic knowledge about public accounts.
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       Theoretically, every amount of funds entering the public account
       must be clearly explained, and here you have to ask an
       accountant to do the accounting. According to the tax law, after
       the public account receives the platform payment, although it
       does not need to issue an invoice, it must be recorded in the
       sales revenue, and the profit and tax will be calculated by a
       professional accountant. Income-cost=profit, there is a profit
       The corporate income tax is levied at a reduced rate of 20% for
       qualified small and low-profit enterprises.
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