Introduction.
Cross-border e-commerce (E-commerce) has been expanding worldwide with Amazon, eBay, Rakuten, Shopify, WooCommerce, and Corona Vortex, and is now the focus of attention by all companies. Cross-border e-commerce has been introduced with the positive aspects of being able to start selling within minutes of creating a site, and new sales opportunities from markets around the world. On the other hand, local taxes and various other costs are not shared much: local taxes such as VAT are levied and collected by the seller on the local buyer, but even in the case of cross-border e-commerce, there are cases of taxation, collection, and reporting.
Not all tax accountants, lawyers, and other domestic professionals have knowledge of overseas tax and legal affairs.
IN THIS COLUMN, OPTI CORPORATION, WHICH HAS EXTENSIVE EXPERIENCE IN THE TAX ASPECTS OF CROSS-BORDER EC, PROVIDES A "CROSS-BORDER EC TAX NAVIGATOR" IN A Q&A FORMAT. WE HOPE THAT THIS CROSS-BORDER EC TAX NAVIGATOR WILL BE OF HELP TO VARIOUS COMPANIES CONSIDERING CROSS-BORDER EC.
Q] I AM HAVING TROUBLE EXTRACTING INVOICES, CAN OPTI HELP ME WITH THIS?
A] YES! POSSIBLE.
ONE OF THE REQUIRED DOCUMENTS FOR VAT REFUND IS THE ORIGINAL INVOICE.
However, the process of extracting the original invoices (" document audit" or "audit") is quite a painstaking task. This is because a company at the level of a listed company generates a large number of invoices (about 100 boxes per year) for overseas travel expenses alone.
IT ALSO REQUIRES VERY SPECIALIZED SKILLS TO CHECK WHICH INVOICES ARE VAT REFUNDABLE.
Therefore, we can handle the audit work (audit work) on a contingency fee basis at our company.
ALL YOU HAVE TO DO IS ARRANGE FOR THE INVOICE BOX TO BE DROPPED OFF AT OUR OFFICE (OGAWA BLDG. 4F, 1-2-2 UCHIKANDA, CHIYODA-KU, TOKYO). YOU CAN CONCENTRATE ON YOUR CORE BUSINESS.
Please contact our sales staff for details.
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