In response to the booming cross-border e-commerce market in China, new policies were recently issued to tighten regulations and facilitate further growth and development, while balancing the impacts cross-border e-commerce has had to the traditional B2B business.
The new policies cover an introduction of the new tax collection rules for different cross-border e-commerce models and a set of new postal (parcel) tax rates, effective April 8, 2016. Additionally, a permitted goods list was issued recently together with new supervision measures encompassing further details on operational guidance, goods clearance, tax collection, logistics supervision, and return goods management.
PwC's Customs & International Trade Practice in China has prepared an update on the new policies. Click here to download the update and get contacts who can answer further questions.
Mark your calendar! PwC’s Derek Lee will participate in Best Practices for Efficiently Running Pan-Asia Trade Compliance Programs hosted by the Global Supply Chain Council on May 12, 2016, in Shanghai, covering the latest trends in customs and trade regulations in China. For more details, visit http://www.tradecompliance.asia/.