New tax on imported e-commerce purchases
China has introduced a new tax on imported e-commerce purchases made after April.
The new policy stipulates that the cross-border retail suppliers' tax will no longer be based on the postal delivery of goods, but the customs and excise duties, import value-added tax and consumption tax.
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A woman checks a can of baby formula in a pharmacy store in Hong Kong. The higher taxes on e-commerce products on the mainland may drive consumers back to Hong Kong to shop for maternity and baby products. [Photo provided to China Daily] |
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