ANNOUNCEMENT 28 Oct 2018

September 28th, 2018 - The Chinese government published a new preferential tax policy.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

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)
http://www.chinatax.gov.cn/n810341/n810755/c3766983/content.html

Inception date: 01 Jan 2018 | Removal date: open ended

Tax-based export incentive

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.

AFFECTED SECTORS

 
N/A

AFFECTED PRODUCTS

 
N/A