/ By Group ASI / About Business Fact • About E-commerce/ 0 Comments

China Plugs Cross Border e- Commerce Import Tax Loophole

Recently the Chinese government released a circular to specifically clarify import tax policies for goods imported under the cross border e-Commerce model, regaining control of its loosely regulated cross border e-Commerce market. The Circular, which will come into force as of April 8, 2016.
Meanwhile, the new policies set a limit of RMB 2000 for a single transaction and RMB 20000 for yearly transactions. Transactions within the limit enjoy a temporary zero percent tariff rate, but are still subject to import VAT and consumer tax, which are charged at 70 percent of the taxable amount under the general trade model.
Previously, aiming to reduce the pressure on local manufacturers and customs, the new policy will inevitably increase costs and tax burdens for foreign exporters engaging in the cross border e- commerce industry.

/ By Group ASI / About Business Fact • About E-commerce • About warehousing/ 0 Comments

In Shanghai Yangshan Pilot FTZ, the cross border E-commerce stepped into a rapidly developing period.

Recently there always be in a busy period in Shanghai Yangshan Pilot FTZ. All kinds of imported products, mother&baby products, Fruits, Dry Food and Daily necessities were being sent to consumers after packing on the assembly line. For now, Yangshan FTZ is stepping into a rapidly developing period. Only 2016 January, the cross boarder commerce in Yangshan FTZ are nearly 43 000 transactions, total Turnover nearly 10 million YUAN, increase month-on-month 5.7 times. Such as JD, Yihaodian, Suning, Amazon, these famous domestic ecommerce platform are all on schedule to be operated in Shanghai Yangshan FTZ.

.cangku