China VAT Update

These are the latest updates and news regarding VAT in China. In this post you will find information about Chinese extension to current VAT discount and duty exemption for small value e-commerce imports to consumers.

— China extends e-commerce VAT concessions
— The Chinese State Council has extended the current VAT discount and duty exemption for small value e-commerce imports to consumers.
— The extension to the existing regime includes:
   » The current 30% discount on VAT charges for imported B2C packages below CNY2,000 will now be raised to values of CNY5,000 or below
   » The range of goods eligible for the exemption has been increased by over 60 items.
   » The number of cities where the exemption applies has been increased to 22. The latest wave of cities includes: Beijing; Nanjing; and Shenyang.
   » The changes will take effect from 1 January 2019.

As always we will keep you updated in VAT updates and news around the world.

If you have any comment you can always contact us.

Related services: