On 24 Mar 2016, China Ministry of Finance together with General Administration of Customs and State Administration of Taxation jointly announced the pending levy of a new import tax on CBEC commodities from 8 Apr 2016. The new tax is designed to level the playing field between traditional retail channels and foster fair market competition.
On 24 Mar 2016, China Ministry of Finance together with General Administration of Customs and State Administration of Taxation jointly announced the pending levy of a new import tax on CBEC commodities from 8 Apr 2016. The new tax is designed to level the playing field between traditional retail channels and foster fair market competition.
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