China Will Implement Tax Policy On Cross-Border E-Commerce Retail Import.

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Environment, promote cross-border

With the approval of the State Council, China will implement cross border e-commerce retail (business to consumer, B2C) starting from April 8, 2016.

Policies and synchronously adjust the postal tax policy.

The policy will impose tariffs and import value-added tax and consumption tax on goods imported from cross-border e-commerce.

In the light of the taxation of goods imported from retail e-commerce for cross-border e-commerce, taking into account the reasonable consumption demand of most consumers, the policy limits the single paction limit to 1000 yuan (HK, Macao and Taiwan area 800 yuan) to 2000 yuan, and at the same time, the personal paction limit will be set at 20000 yuan.

Within the limit, the tariff rate of imported retail goods imported from cross-border e-commerce is temporarily set to 0%, and the value-added tax and consumption tax in the import link are abolished and the tax exemption is temporarily levied at 70% of the statutory tax payable.

A single paction that exceeds a single limit, accumulates more than the individual's annual limit, and a single indivisible commodity with a duty value exceeding 2000 yuan will be fully taxed in accordance with the general trade mode.

To meet the daily operational needs, the relevant departments will work out a list of cross-border e-commerce retail import commodities and publish them separately.

At the same time, in order to optimize the structure of tax items, facilitate passengers and consumers to declare, pay taxes and improve the efficiency of customs clearance, China will adjust the postal tax policy synchronously, and adjust the current four tax items (corresponding tax rates of 10%, 20%, 30%, 50%) to three stalls. Among them, 1 of tax items are mainly those of most favored nation tax rate.

After adjustment, in order to maintain the General Postal tax rate of commodity tax items in line with the comprehensive tax rate of similar imported goods, the rates of tax items 1, 2 and 3 will be 15%, 30% and 60% respectively.