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

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

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

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

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