The World Luxury Association Recommends A Policy Of Sales Regulation In China
Ouyang Kun, chief executive of the World Luxury Association, said yesterday that the association had submitted a letter of recommendation to the Ministry of Commerce in the hope of adjusting tariffs, refining tariffs and certain commodities.
Tax exemption policy
Making luxury sales in China
Regulatory policy
Make
Luxury goods
Measures such as price and sales link standardization keep high consumption.
From March 2010 to March 2011, the World Luxury Association surveyed the consumption data of luxury goods in France, Italy and the UK, and found that more than 65% of the effective purchase data were Asians, of which 75% were Chinese.
The world's highest luxury tax rate has raised the value of luxury goods in China.
At present, the import tariff of luxury goods in China is generally between 15% and 25%. In addition, there are value-added tax, business tax and consumption tax in the sales process, which makes the price of domestic luxury goods at least 1/3 higher than that of origin.
According to the data previously disclosed by the Ministry of Commerce, 20 kinds of high-end consumer goods, such as watches, bags, clothing, wine and electronic products, are 20 higher than the mainland market, 45% higher than Hongkong, 51% higher than the United States, 72% higher than France.
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