VAT: English is the abbreviation of "value-added tax", which originated in France and is a tax system implemented by the European Union. Equivalent to the value-added tax in China. In some areas, such as Australia, it is also called GST (Goods and Services Tax). Vat generally refers to the value-added tax in international trade. According to the different tax rates in different countries, the value-added tax paid by foreign trade personnel is also different. Only the mainstream online foreign trade business like Yi Bei, Yi Bei sellers don't need to pay VAT, because Yi Bei sends goods by parcel post, thus omitting the complicated process of VAT. Nevertheless, for general foreign trade enterprises, value-added tax, as an important part of customs clearance, needs foreign trade enterprises to master the algorithm of value-added tax and pay it in a certain way, so as to be reasonably familiar with the foreign trade process.

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Response time: 2021-12-21. Please refer to the latest business changes announced by Ping An Bank in official website.