Company News

Tax Breaks for Online Sales in China

Multinational beauty companies to benefits.

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By: TOM BRANNA

Editor

Beauty companies are expected to benefit from China's recent tax rule changes regarding imported goods that are sold online. The government will remove a special tax, or so-called parcel tax, that was previously levied on imports sold online, according to South China Morning Post. Instead, it will charge value-added and consumption duties that are currently imposed on most products sold in China, but with a 30% discount. The move is part of China attempts to boost its saggi...

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