Notice On Tax Policy On Retail Import Of Cross Border E-Commerce

In March 24th, the Ministry of finance, the General Administration of customs and the State Administration of Taxation issued the "cross border" issue.

The Circular of retail import tax policy, the single paction limit of cross border e-commerce retail imports increased to 2000 yuan, and the annual personal paction limit was 20000 yuan; at the same time, the tax was adjusted from the original postal tax to "

+ VAT + consumption tax "combination.

The new policy will be implemented in April 8th.

1, single paction limit increase, postal tax adjustment to "Customs + value-added tax + consumption tax".

1) quota adjustment: the new policy will raise the limit of single paction from the original 1000 yuan (Hong Kong, Macao and Taiwan area to 800 yuan) to 2000 yuan, and set an individual annual paction limit of 20000 yuan.

2) tax rate adjustment: the original policy imposes a postal tax and the tax rate is divided into four files, which are 10%, 20%, 30% and 50% respectively, and the duty is not more than 50 yuan.

For example, goods with a postal tax rate of 50% will not be taxed if they do not purchase more than $100.

Under the new policy, the retail import commodities of cross border e-commerce are changed to "tariff + value-added tax + consumption tax".

In terms of tariffs, a single paction that exceeds the single limit, accumulated after exceeding the individual annual limit, and a single indivisible commodity that exceeds the limit of 2000 yuan, is subject to full levying according to the general trade mode. The value-added tax and consumption tax are abolished and the tax is temporarily levied at 70% of the statutory tax payable.

2, policy adjustments have different effects on different categories and prices, and mid-range cosmetics benefit.

The adjustment of quotas and tax rates has different effects on commodities of different categories and prices. Take cosmetics as an example:

The cosmetics tax burden below 100 yuan is raised: under the original policy, the cosmetics pay the postal tax according to the 50% tax rate, but the tax amount is not more than 50 yuan is exempt. Therefore, many cosmetics in the United States price 99 yuan, no tax burden.

Under the new policy, we need to pay 11.9% VAT and 21% consumption tax and raise the consolidated tax burden to 41.6%.

The cosmetic tax burden of 100-2000 yuan is reduced: under the original policy, 50% of the postal tax is payable, while the new policy requires 11.9% VAT and 21% consumption tax, with a comprehensive tax burden of 41.6%.

The cosmetic tax burden of more than 2000 yuan has risen or lowered: under the original policy, 50% of the postal tax is paid. Under the new policy, 11.9% of VAT and 21% of the consumption tax also need to be paid. When the tariff is 5.9%, the consolidated tax burden is 50%.

The cosmetic duty is 2%-20% (skin care products 2%, perfume / lip cosmetics / eye cosmetics 10%, nail cosmetics 15%), so the total tax burden of cosmetics less than 5.9% is reduced, while the comprehensive tax burden of cosmetics above 5.9% is higher.

We have measured the overall tax burden on some categories, and the overall tax burden on cosmetics and whisky has decreased while the infant formula milk powder has been reduced.

The tax burden of luggage, gold and silver jewelry has increased, and the tax burden of high-end Swiss watches is basically flat.

For goods exceeding the quota, the tax burden has been raised to varying degrees. The demand for goods with a unit price of more than 2000 yuan is returned to the gray purchasing channel.