VAT news tagged as "Chinese sellers"

China

China raises foreign e-commerce tax

April 4th, 2016

China has this week effectively raised the ‘Parcel Tax’ regime on consumer purchases of goods from foreign sellers on major e-commerce platforms. Chinese Parcel Tax rises The measure is designed to raise taxes on foreign website purchases by Chinese consumers, and provide a level playing field for China-based online and traditional high-street sellers. Aside from …


China

China extends VAT pilot to 12 new provinces

February 12th, 2013

The Chinese Ministry of FInance has indicated that a further 12 provinces have applied to enter the VAT pilot, which aims to introduce a full EU-like VAT regime and replace Service Tax. The pilot was launched in Shanghai in 2012.  It now includes 10 provinces, including: Beijing, Tianjin and Shenzhen.  Its objective includes reducing double …