Business / 2016 Top 10

Major internet events in 2016

(chinadaily.com.cn) Updated: 2016-11-14 06:57

New tax on imported e-commerce purchases

China has introduced a new tax on imported e-commerce purchases made after April.

The new policy stipulates that the cross-border retail suppliers' tax will no longer be based on the postal delivery of goods, but the customs and excise duties, import value-added tax and consumption tax.

Major internet events in 2016

A woman checks a can of baby formula in a pharmacy store in Hong Kong. The higher taxes on e-commerce products on the mainland may drive consumers back to Hong Kong to shop for maternity and baby products. [Photo provided to China Daily]

Hot Topics

Editor's Picks
...