If you haven't heard of Mercado Libre, you may find it unfamiliar.

But what if I told you:

It is the largest e-commerce platform in Latin America, with a market capitalization of more than $90 billion, a GMV of more than $40 billion by 2024, and more than 100 million monthly active users -

Do you still think it's a small platform?

The Middle East market, one of the fastest growing cross-border e-commerce blue oceans in the last two years.

Noon, as the largest local e-commerce platform in the Middle East, has the financial support of the Saudi royal family and the Dubai government behind it, and is the local version of ”Amazon”.

But many cross-border sellers entering Noon for the first time step into some completely avoidable potholes.

Do cross-border e-commerce, the more you earn, the more solid tax issues: Amazon / Shopee's dollar back, independent station of the euro water, dividends from overseas companies, and even part-time overseas labor compensation ...... these income in the end need to declare in the country? If you don't report it, you are afraid that you will be audited and have to pay tax + late fees; if you do report it, you are afraid that you will have to pay more money than you have to.

Today this pure dry goods, directly to the cross-border sellers are most concerned about the obligation to declare, tax-free situation, the operation process, the audit risk to speak through, hand in hand to teach you to “report must report, tax compliance”, the end of the article with exclusive tax diagnostic benefits, to help you avoid the pit of 90%!

Doing cross-border e-commerce, “collection and settlement” is the last key barrier, but also the most easy to step on the pit:

With PayPal received the dollar, the settlement of foreign exchange was limited; PingPong withdrawals, due to the “three streams are not consistent” by the bank to intercept; with Lianlian collection, the private collection of tax audits by the tax audit to make up for the tax ...... Many sellers obviously made money, but because of the settlement of foreign exchange is not compliant! The company is not only unable to get the money back, but also faces fines, store closures, and even criminal liability.

Sellers who do cross-border e-commerce have almost always been confused:

Amazon backstage shows sales of 1 million, but only 300,000 in hand; clearly feel profitable, tax returns but have to pay tens of thousands of dollars more taxes; what's more, because of the confusion of cost accounting, tax audits, not only to make up for the wrong tax, but also to bear the late fees and penalties - in fact, the root cause of the problem there is only one: did not calculate the right profit, did not check the clear cost.