The new tax system was extended for one year
Posted: Wed Feb 19, 2025 5:14 am
China's new tax system was aimed at eliminating the tax gap with general trade, but the change in the system meant that there were also major changes to customs procedures aside from the tax changes, causing great confusion for cross-border e-commerce businesses.
The Chinese government took this situation seriously and decided to postpone the new tax system until May 11th, 2017.
The following was announced in a document by the China Customs Gazette on May 24th. To summarize the contents,
Regarding tax rates, the new tax system will be applied.
Regarding customs, the previous standards will continue for a certain period of time.
A one-year transition period will be allowed for customs clearance.
Resources
ā—¸Shift from shopping sprees to cross-border e-commerce
It is unclear whether the extension of postal tax for one armenia whatsapp data year has had an impact, but the Chinese shopping spree is now showing signs of slowing.
According to media reports, the growth rate of foreign tourists visiting Japan in the first half of this year has stagnated, and among them, the spending of Chinese tourists has also decreased, with major general duty-free store Laox apparently suffering a major blow to its sales.
This appears to be due to the fact that Japanese products are increasingly being purchased online through cross-border e-commerce, rather than having to go to the trouble of shopping in Japan and carrying heavy baggage back home.
The purpose of Chinese tourism to Japan may be shifting from buying large quantities of Japanese products to enjoying the trip itself.
Summary
This year's "Singles' Day" on November 11th is fast approaching. This is the day when the Alibaba Group, a major Chinese e-commerce company, will hold a special sale, and it is also the day when online shopping in China becomes very popular nationwide.
And in preparation for this day , not only Chinese companies, but also Japanese companies are already taking measures to increase sales, such as discount campaigns.
This year too, attention will be focused on the extent to which Japanese companies will be able to increase their sales through cross-border e-commerce on Singles' Day.
The Chinese government took this situation seriously and decided to postpone the new tax system until May 11th, 2017.
The following was announced in a document by the China Customs Gazette on May 24th. To summarize the contents,
Regarding tax rates, the new tax system will be applied.
Regarding customs, the previous standards will continue for a certain period of time.
A one-year transition period will be allowed for customs clearance.
Resources
ā—¸Shift from shopping sprees to cross-border e-commerce
It is unclear whether the extension of postal tax for one armenia whatsapp data year has had an impact, but the Chinese shopping spree is now showing signs of slowing.
According to media reports, the growth rate of foreign tourists visiting Japan in the first half of this year has stagnated, and among them, the spending of Chinese tourists has also decreased, with major general duty-free store Laox apparently suffering a major blow to its sales.
This appears to be due to the fact that Japanese products are increasingly being purchased online through cross-border e-commerce, rather than having to go to the trouble of shopping in Japan and carrying heavy baggage back home.
The purpose of Chinese tourism to Japan may be shifting from buying large quantities of Japanese products to enjoying the trip itself.
Summary
This year's "Singles' Day" on November 11th is fast approaching. This is the day when the Alibaba Group, a major Chinese e-commerce company, will hold a special sale, and it is also the day when online shopping in China becomes very popular nationwide.
And in preparation for this day , not only Chinese companies, but also Japanese companies are already taking measures to increase sales, such as discount campaigns.
This year too, attention will be focused on the extent to which Japanese companies will be able to increase their sales through cross-border e-commerce on Singles' Day.