Takehome:
Cosmetic Compliance
Intelligence & Solutions
Intelligence & Solutions
China Ministry of Finance will lower import taxes on high-end cosmetics from 60% to 50% from November 1, 2018. China Ministry of Finance decided to adjust the import tax rates on imported articles. Drugs are included in the import tax item 1 and subject to a 15% tax rate. Lower import tax rates on item 2 and 3 (lowered to 25% and 50% respectively). High-end cosmetics belong to item 3...
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Under the current regulatory framework, cosmetics registrants and notifiers can continue to submit a simplified version of the safety assessment report during the registration or notification process until May 1, 2025. Following this deadline, a full version of the safety assessment will be mandated. To facilitate a smooth transition, China is planning to release a set of technical guidelines.
The current cosmetic technical standard STSC 2015 specifies the cosmetics' general safety standards, prohibited/restricted/permitted ingredients and testing methods. It is revised aperiodically in response to changing trade practices in the industry. China is planning to issue a new version of STSC.
