Learned from the Ministry of Finance, the Ministry of Finance, the General Administration of Customs, the State Administration of Taxation recently issued a joint announcement that within one year from the date of the announcement in the cross-border e-commerce customs supervision code (1210, 9610, 9710, 9810) under the declaration of exports, due to demurrage, return reasons, from the date of export within six months of the original return of goods into the territory (excluding food), can achieve the return of goods into the "zero tax burden".
In recent years, with the gradual improvement of cross-border e-commerce trade mechanism, international logistics network continues to unblock, China's cross-border e-commerce channels to accelerate the broadening of more and more market players through this channel to achieve "buy global, sell global".
Industry analysis, part of the cross-border e-commerce exports may be stalled or returned, most of the goods are companies overseas to promote, resell or destroy, but there are still a small number of need to return to the border.
The policy introduced aims to reduce the tax burden for these exports of returned goods. According to the "Announcement on the Taxation Policy of Export Returned Goods for Cross-border E-commerce" issued by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation, eligible returned goods can be exempted from import tariffs and import-related VAT and consumption tax; export tariffs levied at the time of export shall be refunded, and VAT and consumption tax levied at the time of export shall be implemented with reference to the relevant tax regulations for the return of domestic sales goods, and the export refunds already handled by enterprises shall be paid. Refunds should be made up.
"According to the current regulations, except for the cases stipulated in Article 43 of the Regulations of the People's Republic of China on Import and Export Tariffs, goods returned to the country for export shall be subject to import tariffs and import-related VAT and consumption tax. The policy introduced is conducive to reducing the cost of export refunds for cross-border e-commerce enterprises, stabilizing their export expectations and supporting the development of cross-border e-commerce, overseas warehouses and other new foreign trade modes." Li Xuhong, director of the Institute of Fiscal Policy and Application of the Beijing National Accounting Institute, said.
"This policy will save a lot of refund costs for cross-border e-commerce export enterprises, making them less worried, and will also inject confidence into the development of the cross-border e-commerce industry." Hunan to the United States through the supply chain management limited company founder and chairman Zhang Hao iridium said.
In terms of specific operations, according to the announcement, when enterprises apply for import duty-free and other procedures, they need to provide relevant supporting materials as required. For tax evasion, tax fraud and other illegal and unlawful acts, in accordance with relevant state laws and regulations and other provisions.
"This policy will undoubtedly promote better development of the cross-border e-commerce industry." In the view of Xu Guangjian, a professor at the School of Public Administration of Renmin University of China, promoting the implementation of the policy on the ground requires not only the coordination and cooperation of relevant departments, but also the cross-border e-commerce enterprises to operate in accordance with the law and enjoy tax benefits in strict accordance with the policy provisions.
In recent years, the Ministry of Finance has introduced a number of initiatives to actively support the development of cross-border e-commerce. in February 2022, the Ministry of Finance and eight other departments issued a notice saying that since March 1, 2022, the list of cross-border e-commerce retail import goods has been optimized and adjusted, adding 29 items of goods with strong consumer demand in recent years, such as ski equipment, and the new goods were favored by consumers as soon as they went online. At the same time, some of the regulatory requirements of the list of remarks were adjusted to better converge with relevant international conventions and import management practices, making it more convenient to import relevant goods.
In Xu Guangjian's view, the Ministry of Finance in conjunction with relevant departments to optimize the adjustment of cross-border e-commerce retail import commodity list policy, as well as the introduction of cross-border e-commerce export refund commodity tax policy, taking into full consideration the demands and interests of cross-border e-commerce enterprises, to promote China's import and export tax policy more perfect.
