For example, to benefit from the tax break, businesses need to have been granted the exemption by the relevant tax authority and to be general value added tax payers. The e-commerce exporter will need to have obtained an export declaration form, but only for export tax exemption purposes.
It is hoped that the new regulations will encourage a further increase in Chinas cross-border e-commerce. Currently, with e-commerce often involving large quantities of small value items, businesses are unable to access tax rebates without incurring uneconomical costs.
According to official statistics, the value of Chinese cross-border e-commerce grew by 25% from USD 265 billion (RMB1.6 trillion) in 2011 to USD 330 billion (RMB 2 trillion) in 2012, as is expected to have shown a further 30% increase in 2013. It has been predicted that its total value will reach USD 1.05 trillion (RMB6.4 trillion) in 2016, when it would account for 18.5% of the value of Chinas total international trade.
Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation for mature and emerging markets.
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