ANNOUNCEMENT 23 Mar 2016In March 2016, the government of China announced a change in import duties.
NUMBER OF INTERVENTIONS
Ministry of Finance, General Administration of Customs, State Administration of Taxation, Cai Guan Shui '2016' No. 18 of 24 March 2016: http://tax.mofcom.gov.cn/tax/taxfront/en/article.jsp?c=30111&tn=1&id=faaaa90d546e4b4ba932682a924de247
Ministry of Finance, List of products from 6 April 2016:
Ministry of Finacne, List of products, second batch, from 15 April 2016:
On 23 March 2016, the Chinese Ministry of Finance announced changes to the import taxes on certain cross-border transactions via e-commerce. Hereto, certain goods falling under a value thresholds of RMB 2,000 (approx. USD 309) for a single transaction and RMB 20,000 (approx. USD 3,090) annually for individuals are subject to lowered import taxes.
Within these value thresholds custom duties on the subject goods are provisionally reduced to 0%; at the importing stage the exempted tax amount of VAT and consumption tax is abolished; and lastly 70% of the payable tax amount is provisionally levied. Any goods exceeding the value thresholds are subject to full taxes and duties. The measure comes into force on 8 April 2016.
Subsequently, the Chinese authorities released two lists of products eligible for the above treatment. The lists contain a total of 1400 products at the HS 8-digit level.
An updated version of the policy was released in November 2018, implementing new rates from January 2019. Please see related act for more information.