ANNOUNCEMENT 28 Oct 2018
September 28th, 2018 - The Chinese government published a new preferential tax policy.
NUMBER OF INTERVENTIONS
PRC State Administration of Taxation, September 28th, 2018. (财税〔2018〕103号 关于跨境电子商务综合试验区零售出口货物税收政策的通知)
On September 28th, 2018, the Chinese State Administration of Taxation published a new policy that exempted certain consumer goods purchased for export through Chinese e-commerce platforms from VAT and consumption tax.
To be eligible for the treatment, the e-commerce enterprise must be in a cross-border e-commerce pilot zone (see related acts) and not be 'specifically prohibited from exemption by the government'.
The policy came into effect on October 1st, 2018.
China is the world leader in e-commerce, with its two primary online retail megaplatforms, Alibaba and Jingdong, being the second and third largest in the world, after Amazon.