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The value-added tax rate reduce
     China will reduce the value-added tax rate on imported goods from April 1. The head of the Customs Department of the General Administration of Customs said on the 27th that which will reduce the value-added tax burden of import enterprises by about 225 billion yuan (RMB, the same as below) and reduce the consumer tax burden by 1.35 billion yuan, further stimulating market vitality.
     China has adjusted the VAT rate from 17%,11% to 16%,10% on may 1,2018. According to the plan, since April 1, 2019, if the import goods are originally subject to the 16% VAT rate, the tax rate will be adjusted to 13%; the original 10% tax rate will be adjusted to 9%.
     Cross-border e-commerce retail import VAT rates will also be lowered simultaneously. According to the current cross-border e-commerce retail import tax policy, consumers purchase goods through cross-border e-commerce retail import channels. The tariff rate is 0% within the individual purchase limit, and the import link value-added tax and consumption tax are 70% of the statutory payable amount collection.