Late last month, Beijing announced that they would be introducing new taxes for goods purchased through cross border commerce and Daigou.
With many foreign brands selling a lot of products through cross border commerce and Daigou channels, China Skinny thought it would be helpful to provide some clarity around the new taxes and the consequent rates.
Note that the ‘New Rates’ are only short-term and will increase once the ‘temporary’ discounts are stopped on the VAT and Consumption Tax, and the waiver on Import Tax is removed.
On a side note, someone in Beijing really has it in for golf, which was already singled out in the anti-corruption component of the Five Year Plan, and charged significantly higher rates than all other sporting equipment in the new tax.
Like everything in China, the specifics and implementation of these new taxes is likely to be constantly changing.