By Customs & Trade Compliance Group, King & Wood Mallesons
1 Highlights of the New Tax Policies
China’s State Administration of Taxation, the Ministry of Finance and the General Administration of Customs released Circular on Tax Policies for Cross-border E-commerce Retail Imports (Circular) on March 24, 2016. The Circular, together with List of Imported Commodities through Cross-Border E-commerce Retail (List) promulgated by the Ministry of Finance and other 10 administrations or ministries of China on April 6, 2016 in Announcement No.40 [2016] (Announcement 40), reflects that the tax policies for Cross-border E-commerce Retail Imports (new tax policies) has basically established.
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