VAT news tagged as "Parcel tax"

China

China delays new e-commerce tax regime

June 1st, 2016

China is to postpone the full implementation of the new VAT regime on goods purchased by consumers from aboard. This is based on reports of high levels of abandoned shipments at ports by consumers faced with rising entry taxes from May.   Freight forwarders have indicated a drop in over 60% on cross-border sales. As a …