Import cross-border e-commerce welcome substantial benefits

On November 30, more than a dozen ministries and commissions, including the Ministry of Commerce and the Ministry of Finance, jointly issued three import cross-border e-commerce policy documents to further improve the supervision of cross-border e-commerce retail imports in China, adjust the cross-border e-commerce retail import tax policy, raise the upper limit of the commodity enjoying the preferential tax policy, expand the scope of the list, and implement it from January 1, 2019.

The limit of a single transaction is raised to 5000 yuan

The adjustment of cross-border e-commerce policies mainly includes the adjustment of tax policies, one is to increase the annual transaction limit from 20,000 yuan per person per year to 26,000 yuan, and it will be increased with the increase of resident income in the future. The second is to raise the single transaction limit from 2000 yuan to 5000 yuan, and clarify that when the duty paid price exceeds the single transaction limit but is lower than the annual transaction limit, and there is only one commodity under the order, it can be imported from the cross-border e-commerce retail channel, and the customs duty and import value-added tax and consumption tax are levied in full according to the goods tax rate, and the transaction volume is included in the annual transaction total. Third, it is clear that cross-border e-commerce retail imports that have been purchased are not allowed to enter the domestic market for re-sale.

The adjustment of the commodity list, first, some of the commodities with strong consumer demand in recent years are included in the list of commodities, and 63 tax items such as wine sparkling wine, malted beer and fitness equipment are added; Second, according to the adjustment of tax tariff items, the first two batches of lists were technically adjusted and updated, and the adjusted list had a total of 1321 tax items.

In this regard, the industry believes that The State Council once again decided to continue and improve the cross-border e-commerce retail import policy and expand the scope of application, which will bring major benefits to China's import cross-border e-commerce industry. Zeng Bibo, founder and CEO of Ymatou, said that the introduction of the detailed rules will further stimulate consumption reflux and release consumer demand in the field of light luxury and high customer unit prices.

It will have an impact on overseas online shopping

The cross-border e-commerce policy is also clear