综合一区欧美国产,99国产麻豆免费精品,九九精品黄色录像,亚洲激情青青草,久久亚洲熟妇熟,中文字幕av在线播放,国产一区二区卡,九九久久国产精品,久久精品视频免费

Business / Industries

China sets new online import tax rules to level playing field

(Xinhua) Updated: 2016-03-27 07:27

China sets new online import tax rules to level playing field

Workers at a delivery service sort parcels in Hangzhou, Zhejiang province. [File photo by Hu Jianhuan/China Daily]

BEIJING, March 27 (Xinhua) -- China will change the tax rules on online retail goods from April 8 to level the playing field for e-commerce platforms and traditional retailers and importers.

Retail goods purchased online will no longer be classified as "parcels," which enjoy a "parcel tax" rate, lower than that on other imported goods. Instead, online purchases from overseas will be charged in the same way as any other imported goods, the Ministry of Finance (MOF) announced on Thursday.

"Parcel tax is not for trade purposes, which is exactly what online retailing is. It is unfair to conventional importers and domestic producers," said Zhang Bin of the Chinese Academy of Social Sciences.

China levies parcel tax on imported goods worth less than 1,000 yuan ($150), and the rates is mostly 10 percent. Taxes under 50 yuan are waived. As demand for overseas goods grows, online purchasing agents have taken advantage of parcel tax and used new methods such as repackaging and mailing products separately to avoid tax.

The new policy only allows a maximum of 2,000 yuan per single cross-border transaction and a maximum of 20,000 yuan per person per year. Goods that exceed these limits will be levied the full tax for general trade, the MOF said.

According to a 2015 survey by Amazon China on online imports, most buyers are under 35 and around 90 percent have a college education. More than half earn more than 5,000 yuan per month.

The new policy will speed up customs clearance so consumers will receive most orders from overseas within two weeks, instead of the current two months.

Cross-border e-commerce has been booming in China. The country plans to set up more cross-border e-commerce pilot zones to attract businesses, create jobs and nurture new business models that will boost foreign trade and stimulate the economy, the State Council announced in January.

The expansion of the pilot zones came at a time when the country is facing sluggish foreign trade. Total export and import value for 2015 decreased 7 percent year on year, falling for the first time in six years.

The Ministry of Commerce predicted the volume of cross-border e-commerce in 2016 will reach 6.5 trillion yuan and will soon account for 20 percent of China's foreign trade.

Hot Topics

Editor's Picks
...
南康市| 秦安县| 新绛县| 清原| 浠水县| 资阳市| 景洪市| 石渠县| 临安市| 崇信县| 兰考县| 商洛市| 牙克石市| 奎屯市| 临沂市| 大港区| 锦州市| 西平县| 石门县| 马龙县| 阿坝县| 腾冲县| 西宁市| 韶关市| 石狮市| 喀什市| 上思县| 莱州市| 景谷| 晋中市| 横山县| 仙桃市| 南昌市| 沙湾县| 正镶白旗| 扎鲁特旗| 兰溪市| 咸丰县| 广汉市| 襄垣县| 盘山县|