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Reduction of Cosmetic Consumption Tax: Good News for CBEC

Background: This April China implemented a new tax system for CBEC commodities, which replaced 50 % of personal postal article tax with a new rate related to consumption tax, value-added tax and tariff shown as below: Purchasing value Rate Per order value ≤ 2000 RMB (after tax) 70% * (17% of value-added tax + 30% of consumption tax) Annual purchasing value ≤ 20,000 RMB (after tax) Per order value > 2000 RMB (after tax) 2%-10% of Tariff + 17% of value-added tax + 30% of consumption tax Annual purchasing value > 20,000 RMB (after tax) Since Oct 1 China cosmetic consumption tax has been reduced to 15% from 30% and is only applicable for “high-end cosmetics” including high-end makeup cosmetics, skin care cosmetics and cosmetic kits (see CL News on Sep 30). With the reduction of the consumptio

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