According to reports, Chinese cross -border e -commerce giants SHEIN compete with European, H & M, and Primark and other fashion giants at a very low price. Shein is revealed that it is issuing an invoice for its business in Spain through an Irish company. All the transactions are conducted by an e -commerce company called Infinity Styles. The company is headquartered in Dublin and a document submitted to the Irish registry. The company depends on the Roadget Business. This is a family in another low tax area. Singapore registered company.
As a result, SHEIN has an absolute advantage compared to other fashion giants when selling to Spain. At present, shein refuses to comment on its tax strategy. The method of saving taxes through Ireland to issue invoices is completely legal.
Post time: Jun-06-2022