China may postpone the implementation of new rules on customs clearance for cross-border e-commerce businesses, but no clear timetable has been given, Beijing News reports. The Ministry of Finance on April 7 unveiled on its website a “positive list” of imported goods in cross-border e-commerce. The following day, a new tariff policy for cross-border e-commerce, which was jointly issued by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation, took effect…Full Article: May 2016
- According to the CEO of Beijing Xianlife E-Commerce, China will delay its new customs clearance regulations in 10 pilot cities, while maintaining the new import tariffs through May 2017.
- On April 8, 2016, Beijing enacted a new tax on parcel-sized imports to counter “grey market” purchases (approximately US$7.6 billion in 2015). Alibaba’s Tmall e-commerce site noted that this measure would increase the tax burden on imports of infant formula products bought online.