The Possible Implementation Of The Tax Reduction Policy Has Also Emerged.

Which foreign consumer goods are expected to be included in the "pilot scale of import tariff reduction"?

Zhao Ping, deputy director of the Consumer Economics Research Department of the Ministry of Commerce, told reporters that the first batch of consumer goods for trial may include cosmetics.

Shoes, hats and bags, and so on, the price will not be too expensive products, "entry level luxury goods may also be equivalent to the purchasing power of the middle income class abroad."

Which areas may benefit first? Zhao Ping's judgment is that the first pilot area to reduce tariffs may be the four largest free trade area, or the most open frontier area of the newly approved cross border electricity supplier test area in Hangzhou.

How much could it go down? Zhao Ping thought that such tariffs on imported consumer goods could be reduced to 5%-10%.

At present, China's tariff rates on exports from different countries can be roughly divided into three categories.

First, countries that sign bilateral FTA with China, such as Switzerland and New Zealand, will gradually achieve zero tariffs on 90% commodities exported to China. Two, WTO members can enjoy MFN treatment; three, they have not signed bilateral agreements with China.

If it is not a member of the WTO, it will impose an ordinary tax rate.

Take the electric rice cooker as an example, the most favored nation tariff rate is 15%, and the ordinary tariff rate paid by non WTO members is as high as 130%.

Not only import duties will be adjusted, but also consumer tax on clothing, cosmetics and other consumer goods.

Excise tax is an indirect tax, which is included in commodity prices.

Lowering the excise tax on a commodity can often encourage consumption of such goods directly.

Insiders generally believe that in the current context, the so-called "adjustment of the consumption tax rate" is naturally a greater probability of downgrading.

Niu Li, director of the Macroeconomic Research Office of the Ministry of economic information of the state information center, even thought: "the current practice is to reduce domestic consumption tax, and even some ordinary people have to use (commodities), as far as possible, zero tax rate is all right."

For example, cosmetics, currently in China's production and import of cosmetics, to levy a 30% consumption tax, which makes the overall price of cosmetics is high, but also some of the sea Amoy people willing to buy cosmetics in Japan and South Korea.