1. Principles of Price Listing
To ensure the accuracy and transparency of transaction information for customers across different regions and business scenarios, all prices of products and services displayed by our company on public channels shall be quoted exclusive of tax.
Publicly displayed prices serve primarily to help customers understand the base value of products and services. The final transaction amount shall be specified in formal quotations, contracts and order confirmations subject to the customer’s location, entity type, transaction method and applicable tax regulations.
2. Rationale for Tax-Exclusive Pricing
(1) Divergent tax requirements among customers
Applicable tax rules and liability arrangements vary depending on customers’ jurisdictions and entity nature.
Examples:
- Different taxes and tax rates apply across regions and circumstances;
- Tax treatments differ for corporate, individual and institutional customers;
- Tax requirements vary by project and procurement model;
- Fluctuations in tax expenses increase administrative complexity.
Public listing of tax-inclusive prices may lead to misunderstandings and discrepancies in subsequent quotation and contract confirmation. Therefore, tax-exclusive pricing objectively reflects the intrinsic base value of products and services.
(2) Varied interpretations of “tax-inclusive price”
In commercial communications, customers may hold inconsistent understandings of tax-inclusive pricing.
Examples:
- Whether VAT and related levies are covered;
- Whether local surcharges are included;
- Whether region-specific or project-specific tax costs are incorporated;
- Tax liability parties and settlement methods.
To prevent transaction discrepancies arising from differing interpretations of tax terms, our company separates base prices from tax items, with full particulars clarified in quotations and contracts.
3. Tax Provisions for Formal Transactions
All formal transactions shall comply with applicable laws, regulations and business procedures.During quotation, contract signing and order confirmation, our company shall specify the following based on actual transaction conditions:
- Base price of products or services;
- Types and amounts of applicable taxes;
- Tax liability allocation;
- Final settlement amount.
- Customers may review full transaction costs prior to order confirmation to guarantee open and transparent cooperation.
4. Shared Obligation of Tax Compliance
Tax payment constitutes a legal obligation for all enterprises and individuals.
Regardless of customers’ jurisdictions or business types, all tax matters shall be handled in accordance with local laws and regulations.
Our company adheres to compliant operation, conducts business strictly under applicable laws, and collaborates with customers to propose reasonable and appropriate tax solutions tailored to each project.
5. Inquiries Regarding Prices and Taxation
Should you have questions about product pricing, tax calculation or specific transaction arrangements, please contact our commercial team during project negotiation and quotation confirmation.
We will provide clear and accurate quotation solutions customized to your circumstances to foster long-term, transparent and trustworthy partnerships.
Thank you for your understanding and support.
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