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Two Ministries To Study Import Tax Reduction

2011/4/28 17:31:00 71

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Import Tax Domestic Demand Leather Goods

Ministry of Commerce spokesman Yao Jian recently revealed that the Ministry of Commerce has reduced the import tax rate as an urgent issue of expanding imports and entered the research stage, but the specific process is not disclosed.

The Ministry of finance of the Ministry of finance also confirmed the news. The director of the Division said that it takes a long time from theoretical research to the completion of revision and practical application.

Relevant experts predict that combined with the current

Domestic demand

And the development of the industry, washing products, agricultural products,

Fashion leather goods

In the field of jewelry, watches, cosmetics and so on, we are expected to take the lead in cutting down. However, the current tax rate of automobiles and clean energy products should be maintained.

At the same time, once the import tax rate is adjusted, the purchasing power of the outflow is expected to return again.

"In comparison

High import

Under the tax rate, the domestic selling price of the same commodity is higher than that of the foreign market, which makes China's purchasing agency very vigorous, but this will eventually affect the domestic tax revenue loss.

Zhao Ping, deputy director of the Ministry of consumer economics of the Ministry of Commerce, said that the most important thing is to distinguish the import tax rate from the perspective of industry and demand.

It depends on lowering the tax rate and expanding imports will have an impact on domestic industries.

In fact, another urgent need to reduce import taxes is the purchasing power of outflows and the impact on domestic consumption.

According to the data monitoring report of China's e-commerce market in 2010, due to the high tax burden, the difference between domestic and overseas prices is too high, which makes more and more people begin to go abroad to buy the goods they need. The buying and selling trend is once popular. In 2010 alone, the market regulation of overseas purchasing amounted to 12 billion yuan, of which cosmetics and luxury goods were the majority. Even if the tax rate was calculated at 40%, the annual tax loss would be as high as several billion yuan.

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At present, China's import tax includes tariff, value-added tax and consumption tax.

In the view of Liu Huan, vice president of the tax School of Central University of Finance and Economics, in the three tax categories of import tax, the tariff is expected to be lowered. In the past, our country was to protect domestic industries and impose high tariffs on some products, such as milk powder, with a tax rate of up to 57%. But at present, the domestic dairy market has exposed food safety problems and reduced import tariffs and expanded the import of dairy products to stimulate the development of domestic market.

In Zhao Ping's view, since China's accession to the WTO 10th anniversary, the total tariff level of imports has dropped from 15.3% to 9.8%, and the overall tariff can be reduced very little. The consumption tax is a tax rate that is expected to decrease.

China's import consumption tax rate was set up 20 years ago. It charged a high tax rate of 30% for luxury goods. However, with the increase of national consumption ability and the increase of domestic product supply, there was no absolute luxury. This part of tax rate should be reduced, such as cosmetics, jewelry and watches, fashion and leather goods.

In addition, Yao Jian said that the expansion of import policy should also enhance the facilitation of the customs inspection and quarantine, the issuance of commodity licenses, extend the working hours of import customs clearance from the current 8 hours to 24 hours, and at the same time promote import and export trade financing, and strengthen financial support for imports.