Image of the Pull & Bear web site. |
The Spanish daily, for its part, stresses that the corporate tax for the electronic commerce sector is capped at 12.5% in Ireland as opposed to 30% in Spain and that the Irish company that carries out e-commerce activity for Inditex is responsible for the invoicing. Inventory management and order preparation, however, have always been managed from Spain.
The issue of differences in taxation will not remain a concern much longer for the Spanish group, which has launched on September 6th the e-commerce sites of its brands Üterque, Pull & Bear, Bershka, Massimo Dutti, Stradivarius and Oysho in about fifteen countries. “Having completed the launch phase and acquired the necessary know-how, the company has decided to manage its internet-based business from Spain beginning in 2012.”
The group, whose e-store Zara has been in existence since 2010, has subsequenty created on July 29th of this year the Company Inditex ECommerce SA in order to manage all of its e-commerce activities from Spain. Inditex closed fiscal year 2010 with a total of 12.5 billion in sales.