China will adjust its import policy of cross-border e-commerce retail from January 1, 2019

Xinhua News Agency, Beijing, Nov. 30 (Reporter Yu Qiongyuan), 30, learned from the Ministry of Finance that, in accordance with the decision-making and deployment of the Central Committee of the Party and the State Council, China will adjust the cross-border e-commerce retail import tax policy from January 1, 2019, increase the maximum quota of goods enjoying preferential tax policies, and expand the scope of the list.

According to the relevant person in charge of the Customs Department of the Ministry of Finance, the adjustment of tax policy will raise the annual trading limit from 20,000 yuan per person to 26,000 yuan per year, and the camera will be raised with the increase of residents'income in the future. The limit value of a single transaction shall be raised to 5000 yuan, and the duty paid price shall be higher than the limit value of a single transaction but lower than the annual limit value of a transaction. When an order is placed for only one commodity, it may be imported from the cross-border e-commerce retail channel. The tariff shall be levied in full according to the tariff rate of goods and the value added tax and consumption tax on the import link, and the transaction amount shall be included in the total annual transaction amount. It is clear that imported goods purchased by cross-border e-commerce retailers may not be re-sold in the domestic market.

The person in charge said that the adjustment of the commodity list included some commodities with strong consumption demand in recent years, adding 63 tax items such as grape sparkling wine, beer brewed by malt, fitness equipment, etc. According to the adjustment of tax items, the first two batches of lists were adjusted and updated technically, and the adjusted list totaled 1321 tax items.

According to reports, the implementation of the above-mentioned policies will be conducive to promoting the healthy development of new cross-border e-commerce formats, fostering new trade formats, introducing appropriate competition to relevant domestic enterprises, promoting the transformation and upgrading of domestic industries, and promoting the growth of new momentum, increasing the import of high-quality consumer goods abroad, meeting the needs of the people for a better life, and maintaining fairness. Competitive market environment.

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