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China to adjust cross-border e-commerce retail import policies from 2019

信息编辑:新锐途电气 更新时间:2019-02-17 00:00:00 点击数:

(ECNS)-Chinawilladjustimporttaxpoliciesrelatedtocross-bordere-commerceretailfromJanuary1,2019,byraisingtheupperlimitofgoodssubjecttothepreferentialtaxpolicy,accordingtonewsreleasedontheofficialMinistryofFinancewebsite.

Theannualtradinglimitwillberaisedfrom20,000yuan($2,880)to26,000yuan($3,744)perperson,whichwillbeadjustedaccordingtoresidents'incomeinthefuture.Thelimitofasingletransactionwillberaisedto5,000yuan($720).

Whencustomsvalueexceedsthesingletransactionbutislowerthantheannualtransactionlimit,andonlyonecommodityfallsundertheorder,itcanbeimportedviathecross-bordere-commerceretailchannel.Customsduties,importvalue-addedtax,andconsumptiontaxwillbeleviedinfull,withthetransactionamountincludedinthetotalannualtransaction.

Cross-bordere-commerceretailimportsarenotallowedtoenterthedomesticmarketforresale.

Commoditiesunder63taxationitemsthatenjoystrongconsumerdemandinrecentyearswillbeincludedinthelist,suchassparklingwine,beerandfitnessequipment.

Theadjustedlistincludesatotalof1321tariffitems.

Newpolicieswillhelppromotehealthydevelopmentofcross-bordere-commerce,introducemoderatecompetitionandpromotethetransformationandupgradeofdomesticindustries,insiderssaid.

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