Do I have to pay tax on my income from opening a shop on Shopee? What should I pay attention to?

More and more merchants are opening stores on the Shopee platform. Many novices will encounter various problems when opening stores. Among them, the more common problem is the tax problem. Whether it is domestic or foreign, there will be taxes for these cross-border e-commerce industries. So, do individuals have to pay taxes when opening stores on Shopee?

Do I have to pay tax on the income from opening a shop on Shopee?

Taxes need to be paid.

Can an individual open a store on Shopee?

Shopee supports individual store opening, which requires a business license. If you need to upload products in batches later, you can use the tool Hummingbird Shopee to upload in batches. To apply on the official website, you only need a legal license registered in mainland China and Hong Kong, and of course, a personal business license can also be used.

What to watch out for?

1. Generally, when selecting products, you need to pay attention to the volume and weight of the products. Products with stable quality are also acceptable, but they cannot be sensitive products. Why should we choose small products? It is because of international logistics delivery. The logistics costs of small products are definitely low. At the same time, it can also guarantee timeliness and inventory turnover is relatively high.

2. Store operation. Store operation should be based on products. Many people want to create hot products directly and increase the weight of single products or stores. However, creating hot products is not a matter of overnight. The prerequisite is to have a detailed strategy at the top, and then continue to accumulate experience, accumulate sales, and also accumulate good reviews. When you see that a product has strong market competitiveness, you can consider replacing the product, as homogeneous competition will be more intense.

3. It is important to make good products. You can deeply optimize product titles and pictures. For products with complex operations and unique functional attributes, the product images should be complete and some videos can be included to display information.

When optimizing the title, you can add more words related to the description to increase the search rate. When optimizing the product description, you can use more humanized language to attract customers and have a good impression of the product. By optimizing the products in multiple dimensions, you can attract orders.

4. Regular boosts for new products in installments. During the promotion period, new products can be launched at different time periods every day. The platform will also rank the new products first in the same category to help the store continue to be exposed. In addition, the peak time of each market is different. New products can be launched within the scope of their own activity to increase daily orders.

If an individual opens a store on Shopee and reaches the tax threshold, he or she will need to pay taxes, so whether you need to pay taxes depends on the business situation of your store. In addition to tax costs, you also have to pay commissions and other fees to the platform when opening a store. However, there are currently many preferential policies on the Shopee platform.

Recommended reading:

Can the Shopee deposit only be refunded to the public account? What are the requirements?

How to change real name on Shopee? How to operate a store?

How to upload products on Shopee? How to write product descriptions when uploading products?