Announcement
30 Sep 2016
On the 30th September 2016, the Chinese Ministry of Taxation announced that imported foreign cosmetics would see a reduction in VAT from 30% to 15%.
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Number of interventions
1
0 certainly harmful
0 likely harmful
1 liberalising
List of interventions
Implementation date
01 Oct 2016
Revocation date:
No revocation date
Updated: 30 Sep 2016
Internal taxation of imports
In force
From 1st October 2016, a reduction in the tax rate from 30% to 15% on imported cosmetics in China came into effect, as per an announcement from the Ministry of Taxation.
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