国内英语资讯:Policies refined to boost cross-border e-commerce_时事

国内英语资讯:Policies refined to boost cross-border e-commerce

Moreover, implementation of this policy will be extended from the 15 cities such as Hangzhou to another 22 cities such as Beijing which have just established comprehensive cross-border e-commerce pilot zones.

Goods included in the cross-border e-commerce retail imports list have so far enjoyed zero tariffs within a set quota and had their import VAT and consumer tax collected at 70 percent of the statutory taxable amount. Such preferential policies will be extended to another 63 tax categories of high-demand goods.

The quota of goods eligible for these preferential policies will be raised from 2,000 yuan to 5,000 yuan per transaction and from 20,000 yuan to 26,000 yuan per head per year. This quota will be further adjusted as needed in light of increases in people's income.

At the same time, export tax rebate policies will be further improved in line with international practices to further boost exports via cross-border e-commerce.

"For a large importing and exporting nation as China, it is imperative to further open up, pursue greater diversity in the import and export mix, and vigorously attract foreign investment to promote balanced international payments and steady economic development," Li said.

Cross-border e-commerce businesses, online platforms and payment and logistics service providers must fully discharge their responsibilities required by law, the meeting urged. Product quality and safety inspection and risk prevention and control should be strengthened for fair competition in the marketplace and better protection of the consumer rights and interests.