| Chinese Version          

China has been gradually opening up its import tariff and importation policies for commodities in recent years. A number of pilot policies have achieved remarkable results, bringing unprecedented opportunities to the retail and consumer industry. In this Article(rc_tax_insights_may2015.pdf), we summarise the new policies and measures to provide our observations on the impacts and recommendations to industry players. The new policies and measures include:


-Reduction of tariff rates and consumption tax reform


-Establishment of more tax refund shops for overseas tourists

 

-Promotion of cross-border e-commerce B2C and O2O businesses

 

-Promulgation of four pilot free trade zones to advocate trial policies

 

-Adoption of more user-friendly customs declaration and commodity examination procedures

 

May 2015