TAX - CHINA

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CROSS BORDER E-COMMERCE(CBEC)

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Understanding your yearly tax allowances

According to the Notice of the Ministry of Finance and the State Administration of Taxation on the Taxation Policy for Cross-border E-Commerce Retail Imports (Finance Customs [2018] No. 49), since January 1, 2019, the cross-border e-commerce retail imports of goods. The transaction limit is RMB 2,000 (including 2,000 yuan) and the annual trading limit is RMB 26,000 (including 26,000 yuan).