Can The Tax Exemption Policy Reduce The High Value Of Luxury Goods In China?

2011/4/6 11:33:00 50

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Luxury Tax Exemption Policy High Value

Oteri Sneh, a Florence in Italy, has received a surprise from her honeymoon trip.

In China, an import price of 3500 yuan.

Luxury clothing

The brand took away 1000 of it, the government tax took 700 of it, the property owner took 800 of it, and the retail agent took the remaining $1000.

Oteri Sneh, a Florence in Italy, has received a surprise from her honeymoon trip.

She sold a Ferragamo (Ferragamo) bag at a price of up to 24 thousand yuan before being sold in the exclusive store in the domestic market, which only sold at a price of more than 4000 yuan.

Yu Ning did not hesitate to buy this brand name luggage, which was equivalent to 80 percent off, and became a member of the Chinese people buying luxury goods abroad.

However, since April 20th, Yu Ning once again wants to buy cheap luxury brands and has made another choice -- Hainan.

Yesterday, Hainan "

duty-free

The pilot shopping policy has finally been settled and will be implemented in April 20th.

According to this policy, Islands's tax-free taxes are tariff, import value-added tax and consumption tax.

Lv Yong, deputy director of the Hainan Provincial Department of finance, said that the Islands Hainan passenger shopping tax exemption range as high as 30%-50%.

Luxury brands have the highest price in China, which is an indisputable fact.

A LV (Louis Weedon) handbag's classic Speedy 30. Currently, the selling price of the store in Heng Lung Plaza, Shanghai is 5750 yuan, which is 5750 Hong Kong dollars (equivalent to RMB 4841 yuan) in Hongkong, China. It sells for 730 dollars in the United States (about 4790 yuan), 440 pounds in Britain (4688 yuan), and 485 euros in France (equivalent to about 4500 yuan).

The price comes from the LV global official website. It is not hard to find that this handbag is the lowest price in France, which is 21% cheaper than Hang Lung Plaza.

The Ministry of Commerce recently began to pay more attention to this phenomenon. Hainan's "Islands tax-free" shopping policy trial started, which seems to be the first step to narrow the price gap between luxury and domestic products.

But whether the tax exemption policy can reduce luxury goods in China?

High social value