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Cosmetics consumption tax exemption part of tomorrow will be part of the cut or will have an impact

Tencent

technology news (Sun Hongchao) September 30th news earlier today, the Ministry of Finance released the official website announcement shows that since October 1, 2016, China will cancel the consumption tax levied on ordinary cosmetics and high-end cosmetics rate adjusted to 15%.

the Ministry of Finance and the State Administration of Taxation on this specially issued "notice" on the adjustment of cosmetics consumption tax policy that, in order to guide the rational consumption, approved by the State Council, to adjust the cosmetics consumption tax.

starting tomorrow, ordinary beauty, cosmetic modification will be exempted from the consumption tax, at the same time, the "cosmetics" tax name as "high-end cosmetics". The scope of the collection includes high-end beauty, modified cosmetics, high-grade skin care cosmetics and cosmetics. Tax rate adjusted to 15%.

it is understood that the high-end beauty, cosmetic modification and high-end skin care cosmetics refers to the production (import) sales price (tax payment) (excluding VAT) in 10 yuan / ml (g) or 15 yuan / piece (a) and above the beauty, cosmetic modification and skin care cosmetic products.

According to the previous

cross-border electricity deal, cosmetics tax made relevant adjustments: the original 100 yuan cosmetics are exempt from tax parcel, 100 yuan to sign 50% parcel tax; the implementation of the new tax system after the cancellation of the parcel tax, all cosmetics consumption tax according to the tax and 21% of the retail price of 11.9% levy value added the.

cosmetics tax rate adjustment again, perhaps will cause further impact on the cosmetics cross-border electricity supplier industry.

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