CCTV News:On April 10th, the State Council Joint Prevention and Control Mechanism held a press conference. Ren Hongbin, Assistant Minister of Commerce, and Li Xinggan, Director of Foreign Trade Department, introduced relevant measures to stabilize foreign trade and answered questions from reporters.
Ren Hongbin, Assistant Minister of Commerce, introduced that in order to promote the development of cross-border e-commerce, the State Council has introduced a series of policies and measures to support enterprise development, mainly in three aspects:
First, in terms of taxation, for the goods that the e-commerce export enterprises in the comprehensive test area have not obtained valid purchase vouchers, the tax exemption policies for value-added tax and consumption tax will be tried out according to the regulations, and at the same time, the approved collection methods for enterprise income tax will be implemented, and the income tax will be levied at the lowest taxable income rate of 4%, which has solved the industry’s concern that the tax burden will be too heavy due to the lack of input invoices.
Second, in terms of supervision, the cities where the qualified comprehensive test area is located can be included in the pilot scope of cross-border e-commerce retail import, and the bonded stocking business can be carried out. The imported goods are supervised according to personal use items, and the preferential tax rate is applicable within the trading limit.
Third, in terms of facilitation, the application of "simplified classification and list clearance" will increase the single transaction limit of cross-border foreign exchange payment by payment institutions, simplify the procedures for the receipt and payment of small and micro cross-border e-commerce goods, and give priority to the establishment of facilitation measures such as the International Mail Exchange Bureau.