ONLINE SELLER TIPS

  Understanding TikTok Shop's Tax Policies:  (What Online Sellers Need to Know) Introduction Selling on TikTok Shop can be a great way to earn money, but sellers need to know about the taxes they have to pay. Many online sellers do not know about these tax rules, which can cause problems later. In this article, we will explain TikTok Shop’s tax policies in simple words, including withholding tax, VAT, and tips to follow the rules while growing your business. Withholding Tax on TikTok Shop Earnings One important tax rule for TikTok Shop sellers is the withholding tax . Many governments ask online selling platforms, including TikTok Shop, to collect and pay taxes for their sellers. The tax rate and limit depend on the country, but here are the basics: Who Needs to Pay: In the Philippines, if you earn more than PHP 500,000 per year , TikTok Shop will take 1% withholding tax from your earnings. How It Works: If you earn PHP 100,000, the tax will be 1% of PHP 50,000 , so PHP 500...

  Avoiding Common Pitfalls: Mistakes to Avoid for Shopee, Lazada, and TikTok Sellers in 2025 On January 23, 2025, we held an engaging webinar salon titled “Avoiding Common Pitfalls: Mistakes to Avoid for Shopee, Lazada, and TikTok Sellers”. The event kicked off at 3 PM and brought together online sellers and aspiring entrepreneurs eager to learn strategies for success in the e-commerce world.  It is hosted by Ms. Imelda and Ms. Juliah, the session was both insightful and interactive. Special Guests and Their Insights We were joined by HOLA and its founder, Sir Don, who shared invaluable tips and his personal experiences with the BigSeller. According to Sir Don, the Bigsesller APP transformed his business operations by enabling him to efficiently monitor and manage his stores remotely. He candidly shared how he regretted not adopting an ERP system (BigSeller) for nearly five years. Once he started using BigSeller, his business became significantly more organized, especially in ...

  Tax policies of Shopee 2025 Regulations on Creditable Withholding Tax and BIR Registration of Shopee In 2025, Shopee's tax policies align with the Bureau of Internal Revenue (BIR) Revenue Regulation No. 16-2023, which mandates that electronic marketplace operators, such as Shopee, withhold a 1% income tax on 50% of the gross remittances to sellers or merchants for goods and services sold through their platforms. Starting January 7, 2025, shopee sellers are required to submit their BIR-stamped "received" Sworn Declaration of Gross Remittances by January 20 of each taxable year to ensure accurate taxation or exemption from the 1% Creditable Withholding Tax. BIR Revenue Memorandum Circular 08-2024 Click here for more informations. On April 15, 2024, the BIR published the Revenue Memorandum Circular (RMC) No. 55-2024 announcing the extension of the deadline for compliance to July 14, 2024 . (Please note that Shopee resumed charging withholding tax starting July 15, 2024.) ...

  How to Cancel Your Order on Lazada: A Step-by-Step Guide We’ve all been there – you’ve placed an order only to realize you made a mistake, or perhaps you changed your mind about the item. Fortunately, Lazada provides an option for customers to cancel their orders if needed. In this guide, we'll walk you through the steps to cancel your order effectively and explore how BigSeller can simplify this process for sellers. www.bigseller.com Step 1: Log into Your Lazada Account First things first, head over to the Lazada website or launch the app on your phone. Log in to your account using your email and password. If you’re not already signed up, you’ll need to create an account, but for now, let’s assume you have one. Step 2: Go to Your Orders Once you’re logged in, navigate to your account page. Here, you’ll see a tab or section labeled “Orders.” Click on it to see a list of all your recent purchases. Step 3: Find the Order You Want to Cancel Scroll through your list of orders and loc...

 Pricing Strategies for Maximum Profitability in Online Retail In today's competitive online retail landscape, finding the right pricing strategy can make or break your business. As an online retailer, your prices are not just numbers; they reflect the value of your product, influence customer perception, and ultimately impact your bottom line. Let's explore some effective pricing strategies that can help maximize your profitability while keeping your customers happy, and see how BigSeller can be an invaluable tool in achieving these goals. www.bigseller.com 1. Understand Your Costs Before diving into any pricing strategy, it's crucial to have a solid understanding of your costs. This includes not only the cost of goods sold (COGS) but also overhead expenses like shipping, marketing, and platform fees. By knowing your total costs, you can ensure that your pricing covers your expenses and leaves room for profit. How BigSeller Helps: BigSeller provides comprehensive cost mana...

  Enhancing Order Processing with Advanced Workflow Automation As companies strive to optimize their operations, one area that often begs for improvement is order processing. Advanced workflow automation has transformed the way businesses handle orders, streamlining processes and enhancing overall productivity. The Importance of Efficient Order Processing Order processing isn't just about taking orders and sending products; it’s a critical aspect of customer satisfaction. When customers place an order, they expect a seamless experience that leads to swift fulfillment. In fact, a recent study found that nearly 70% of consumers are more likely to make repeated purchases from a business that demonstrates efficient order handling. With stakes this high, it’s crucial for companies to explore tools that can enhance their order processing workflows. What is Workflow Automation? Workflow automation refers to the use of technology to execute processes in a consistent and automated manner. T...