Meeting with Shanghai Customs on New Taxation Policy of Cross-border E-commerce

2016-03-30 | Shanghai

In the meeting,  Ms. Fu, Section Chief of the Section of Non-commercial Importation and Express Goods briefly introduced the newly released taxation policy on retail goods via cross-border E-commerce channel and the adjustment of postal tax rate. She said following the circular issued by the Ministry of Finance, General Administration of Customs (GAC) will also release circular on the implementation rules of this policy. When asked about the detailed policy on changing and returning goods, Ms. Fu said the GAC is currently developing a new system for changing and returning goods, which would be rolled out nationwide in about three months. Finally, Ms. Fu stated that the new policy was only an adjustment of tax rate and it would not seriously affect the business model of cross-border E-commerce. As one of the focuses of Shanghai government's work plan in 2016, E-commerce would also be a key work of Shanghai Customs. Currently, over 500 E-commerce platforms, tens of logistics companies and more than a dozen payment comapnies have registered with the customs. It will further facilitate cross-border E-commerce in the future.