What is Tax Exemption for E-Export?
← BackToday's technological developments have led to the introduction of online platforms into our lives. Shopping from online shopping sites has many advantages for sellers and customers. Among the reasons why e-commerce is widely preferred, the product variety that can be accessed with a click and time savings are the leading ones.
Today's technological developments have led to the introduction of online platforms into our lives. Shopping from online shopping sites has many advantages for sellers and customers. Among the reasons why e-commerce is widely preferred, the product variety that can be accessed with a click and time savings are the leading ones. Since exporting companies have the opportunity to expand their market places and open up to foreign markets, customs taxes also come to the fore. Customs laws come into play in sales to other countries and the taxes that are required to pay put micro-exporters in a difficult situation. Tax exemption in exports is an application that has emerged to reduce the taxes that exporting companies have to pay. It is known for increasing sales as well as its support for vendors.
What Should You Know to Benefit from Tax Exemption in E-Export?
There are some details businesses need to know in order to be exempt from paying taxes when doing e-export . If we specify these details;
- When it comes to tax exemption in e-export, it can be said that it is valid for transactions where the invoices issued for the sales are below a certain value such as 15 thousand Euros without including VAT.
- The maximum weight of the goods to be exported must be 300 kg.
- Since tax exemption in e-export is valid for micro export transactions, sales made abroad must not exceed certain limits for micro export in order to have this right.
- Companies are obliged to sell products only to end-consumers for tax exemption.
Tax Exemption Advantage in E-Export
The exemption of companies from the taxes they are obliged to pay with exports to foreign countries provides a lot of profit, especially for micro enterprises. E-export tax exemption advantages can be specified as follows;
- It reduces the overheads of micro exporters.
- Since the purpose of tax exemption is to ensure the rapid growth of especially small businesses, tax reductions enable such companies to develop rapidly with tax reductions.
- A large number of exporters across our country can easily open up to the world market.
- Medium and smaller businesses are exempt from taxing 50% of the income they earn from their exports.
- Apart from companies, many individuals, manufacturers, company owners, vendors and institutions can also benefit from e-export tax exemption.
- Individual salespeople who are in the process of development can grow rapidly in the sector with the low taxes they pay thanks to the tax exemptions they benefit from.
- Small and medium-level enterprises are based on very low tax payments throughout their exports.
- Exporting persons or companies can use many international e-commerce sites instead of using personal sales platforms to benefit from tax exemption.
- By using online sales platforms with a large customer portfolio, everyone can easily sell and at the same time create a customer base for themselves.
- Tax exemption can be used in the sale of products belonging to all sectors without a certain sector obligation for export.
- All products (clothing, gifts, jewelry and accessories) that comply with the required price and weight procedures are subject to tax exemption in their exports.
Micro Export
Micro-export is the type of export used by small and medium-sized enterprises, where mostly small-scale shipments are made in export forms. By definition; It can be explained as "making the products exported abroad via the internet with fast cargo". Micro export also means that commercial transactions are made through Electronic Commerce Customs Declaration, in cases where the weight of the products for sale only does not exceed 300 kilograms and the material criterion of 15 thousand Euros. In micro export, especially small size and low weight products are sold. Moreover, there is no obligation to register with the Exporters' Association. The transportation of the products to a company or customer abroad is only provided by authorized delivery companies.