What's in This Issue

TikTok Shop Launches in Poland and Three Other Countries

New Schedule Added to Baijiu Excise Tax Return

Nationwide Tax Audit Documents Have Been Completely Updated

Finance and Tax News::Hong Kong's Monetary Authority to Conduct Retrospective Checks on Mainland Investors' Account Openings

Regarding the matter of “some banks in Hong Kong requiring investors to sign a declaration when opening investment accounts,” the Hong Kong Monetary Authority (HKMA) issued a response on the same day, stating that the relevant regulatory requirements were issued to all authorized institutions on May 22. According to materials provided by the HKMA, authorized institutions are required to take three additional measures when opening and managing investment accounts for mainland investors: identify and close client investment accounts that were opened using suspicious or forged documents since January 2023 or during any other period specified by the HKMA; close accounts that have had no asset balance as of May 22, 2026, and in which no customer activity has occurred within the 12 months prior to the reference date; and obtain a written declaration from mainland investors when opening new investment accounts.

new fiscal and taxation regulations::New Schedule Added to Baijiu Excise Tax Return

To further improve the quality of services and management related to the consumption tax, the State Taxation Administration has issued an announcement clarifying matters concerning consumption tax returns: Two new schedules—the “Baijiu Consumption Tax Calculation Schedule” and the “Baijiu Producer Affiliated Sales Unit Information Report”—have been added as Schedules 6 and 7 to the “Consumption Tax and Supplementary Taxes Return.” The original Schedule 6, “Consumption Tax and Supplementary Taxes Calculation Schedule,” has been renumbered as Schedule 8. The two newly added schedules apply only to baijiu excise tax payers; excise tax return forms for other categories remain unchanged.

new fiscal and taxation regulations::Nationwide Tax Audit Documents Have Been Completely Updated

Announcement No. 10 of 2026 issued by the State Taxation Administration clarifies that the new version of tax enforcement documents has officially taken effect, and the old version has been simultaneously repealed. This update optimizes several standard templates and introduces new specialized approval and record forms. The new regulations stipulate that enterprises may refuse an inspection in cases where there is no prior approval, the new forms are not used, or the inspection is conducted by a single officer. This measure will standardize tax enforcement, assist enterprises in complying with regulations and protecting their rights, and reduce tax-related disputes.

Cross-border dynamics::Amazon has completely banned the unauthorized transfer or pledging of stores

Effective August 24, 2026, Amazon will update Section 18 of the Amazon Services Business Solutions Agreement to explicitly state that sellers are strictly prohibited from transferring or pledging their stores without the platform’s prior written consent, with the aim of reducing the risk of duplicate payments, payment delays, or payment failures. Any violation of this provision will be deemed invalid, and the platform reserves the right to freeze the account immediately. By continuing to use the selling services after the effective date of this change, you indicate your acceptance of this change.

Cross-border dynamics::Walmart Launches New Prepaid Model

Walmart has launched a new “Prepaid Consolidation” supply chain solution designed to help suppliers reduce costs and improve efficiency. Under this model, suppliers need only ship goods to a designated consolidation point based on a single nationwide order, after which Walmart handles distribution to 42 regional distribution centers across the United States. This initiative not only streamlines the logistics process but also implements a uniform per-box pricing structure, which preserves the original freight terms while allowing suppliers to freely choose their logistics partners.

Cross-border dynamics::TikTok Shop Launches in Poland and Three Other Countries

TikTok announced that it will officially launch TikTok Shop in Poland, the Netherlands, Belgium, and Austria on June 15, 2026, further expanding its presence in the European market. Sellers can register and upload products starting June 1, while users will be able to browse products, place orders, and make payments directly within the TikTok app without having to navigate to other websites.

Overseas Watch::Chinese Investment in Germany Surpasses That in the U.S. for the First Time

According to the latest report from the German Federal Agency for Foreign Trade and Investment (GTAI), Germany saw a total of 1,564 new or expanded foreign investment projects (excluding mergers and acquisitions) in 2025, a decrease of 9.3% from the 1,724 projects recorded in 2024. Among the many source countries, China stood out: it accounted for 228 investment projects in Germany, compared to 206 from the United States. This means that, for the first time since 2017, China has surpassed the United States to become the country with the highest number of investment projects in Germany.

Overseas Watch::E-commerce Traffic in Mexico: Healthcare Is the Only Sector Showing Growth

Recently, Marketing4eCommerce released its list of the top 100 Mexican e-commerce sites by organic traffic for 2025. Meitodo secured the top spot with 1.423 billion visits, followed closely by Amazon with 712 million. By category, healthcare was the only sector to see across-the-board growth, while traffic in the technology and electronics category declined significantly.