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Importing from china

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  • 26-05-2024 11:41pm
    #1
    cocopops999
    Registered Users Posts: 2 ✭


    Hi

    I'm setting up a small crafts business and looking at important some children's clothes from china. If I buy off the likes of temu /shein (its an accessory to my product..product is handmade in ireland) can I offset the cost against my tax bill? I can't find the answer to this anywhere? Thanks for any advice.

    Post edited by whiterebel on


Answers

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    #2
    whiterebel
    Moderators, Business & Finance Moderators, Sports Moderators Posts: 14,897 Mod ✭✭✭✭whiterebel


    MOD: Moving to business as this is a consumer forum.



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    #3
    Gloomtastic!
    Registered Users Posts: 8,437 ✭✭✭Gloomtastic!


    Sounds like you’re a sole trader. The cost of an item, if it’s sold as part of another item, can be offset against tax.



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    #4
    Vestiapx
    Registered Users Posts: 996 ✭✭✭Vestiapx


    https://www.boards.ie/discussion/2058353344/importing-from-china

    Hi OP

    This is very basic I think you should see if your local enterprise board can get you mentorship or startup advice

    It a very basic question and would make me feel that you are an ideas and energy person , which is fine , but not a systems and rules person. Wouldn't hurt to see what supports would be available



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