New regulations by the Trade, Industry, and Competition Ministry aim to create fair competition between local e-commerce entrepreneurs and international giants.
These measures level the playing field, giving local entrepreneurs a better chance to compete against international platforms.
If you run your own eCommerce or dropshipping business, here are the biggest changes that may affect your business.
Regulation Changes
- Tax Adjustments: Small quantity clothing items from international retailers will now be taxed similarly to larger quantities.
- Fair Competition: Aims to curb tax loopholes and ensure fair competition for local businesses.
Industry Response
- Support from Inospace: CEO Rael Levitt supports the measures, emphasizing their importance for local businesses.
- Inospace’s Role: Provides logistics and warehousing services to support e-commerce growth.
“At Inospace, our focus on the e-commerce sector for smaller companies remains central to our organisation,” said Levitt.
The new regulations are a crucial step towards supporting local e-commerce businesses. Share your thoughts and subscribe to our newsletter for more updates.
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