ANNOUNCEMENT 30 Sep 2016
On the 30th September 2016, the Chinese Ministry of Taxation announced that imported foreign cosmetics would see a reduction in VAT from 30% to 15%.
NUMBER OF INTERVENTIONS
Chinese Ministry of Taxation, 30th September 2016. (关于调整化妆品进口环节消费税的通知)
From 1st October 2016, a reduction in the tax rate from 30% to 15% on imported cosmetics in China came into effect, as per an announcement from the Ministry of Taxation.