Good morning all,
Does anyone know if i am required to have a registered business/company to engage the services of a freight forwarder/agent?
I am running an e-commerce business over various platforms, shipping + taxes (if unavoidable) have always form the bulk of the costs. As sales increases, air freight (door 2 door) is no longer a viable option, since air freight cost is by weight instead of volumn. My business is currently unregistered and still in its infancy, and I have no intention to register it at the moment for taxation reasons.
Currently shipping in goods about once every 1~2 months from Korea, Taiwan and China. Estimated volumn is LCL, on average about 150 kg++/shipment from the various countries listed above. If I opt for sea freight, any "methods" that i can use to save on the 7% GST? It seems easier to undervalue goods via air freight as less documents are required. I'm not too sure though.
Any advice would be helpful, thanks!
As long as you run a business, you'll have to register.
Not registering your business is illegal. ![]()
Anyway, you'll not be taxed if your income is below a certain amount so what are your worries?
If you know that you'll be taxed because you've been earning a substantial amount, it's better that you register immediately before someone calls you up and tell you to do that.
Korea, Taiwan and China...
Female fashion... Any male fashion stuffs for guys in their 30s? ![]()
For custom clearance, We need to have your company registered number to process tradenet for you permit.
True.I had been in 7 years in freight forwarding industry.
Currently, i am doing consoling for my customer in Taipei and ship to Singapore via LCL service.
DHL term is always DOor to DOor.(Based on per kg)
LCL seafreight is always based on per m3.
For forwarding, you can work on FOB term which the origin export charges is payable by the shipper. We will assist u.
Please give me a call. I can design a solution for you to save more money and paying to GST.
Hello all,
Thanks for the replies, much appreciated!