Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

Chinese online retailers registered for sales tax in Germany on sharp rise

December 30, 2020


Abstract : The number of China-based online retailers registered for sales tax in Germany has reached almost 48,500, a more than hundredfold increase in just four years, the Department of Finance of the Berlin Senate said on Tuesday.

BERLIN, Dec. 29 (Xinhua) -- The number of China-based online retailers registered for sales tax in Germany has reached almost 48,500, a more than hundredfold increase in just four years, the Department of Finance of the Berlin Senate said on Tuesday.

In 2017, only 432 companies based in China were registered in Germany, according to the tax office in Berlin, which is responsible for registering foreign companies liable to pay taxes in the country.

The German tax office has reported a steady increase of up to 1,000 new applications from China per week. Monthly sales tax revenues have been "stable in the double-digit millions" since 2019.

In the first eleven months of this year, sales tax revenues generated by online retailers based in China exceeded 213 million euros (261 million U.S. dollars), according to the tax office.

"Just a few years ago, such an amount would not have been considered possible at all," commented Berlin's Finance Senator Matthias Kollatz in a statement. Enditem

Scan the QR code and push it to your mobile phone

Keyword: Chinese online retailers

Reading:

​China's GDP expected to increase by about 8.8pct in 2021, expert

China's Beibu Gulf Port sees record container throughput

Yearender: 2020 in review, China pursues green growth despite COVID-19

Malaysian official praises Chinese entrepreneurs for promoting bilateral ties

Xinhua Commentary: Law on Yangtze conservation shows China's determination in green development

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial