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One-year transitional period offered for e-commerce imports

CCTV.com

05-26-2016 11:30 BJT

China will offer a one-year transitional period for new tax rules on imported products via e-commerce platforms.

According to the finance ministry, the new first-time import rules will not apply to goods such as cosmetics, baby formula, medical instruments and special food imported before May 11, 2017.

China started a pilot project of e-commerce importing in 10 cities in 2012, including Tianjin, Shanghai, Hangzhou, Guangzhou and Chongqing. All e-commerce imported goods in these cities will be covered by the transitional period.

The exemption of registration procedures will save e-commerce dealers an average of six months to a year to get import permits.

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