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China’s State Council Approves 24 New Cross-Border E-Commerce Zones

Updated:2019-12-31 14:45:25    Source:www.tannet-group.comViews:409

On  December 24, the Chinese State Council released the Announcement of the State Taxation Administration [2019] No. 36  approving the establishment of 24 pilot cross-border e-commerce zones. The documents indicates the details about establishment of the 24 cities and are implemented by the provincial governments.

The 24 cities are – Shijiazhuang, Taiyuan, Chifeng, Fushun, Hunchun, Suifenhe, Xuzhou, Nantong, Wenzhou, Shaoxing, Wuhu, Fuzhou, Quanzhou, Ganzhou, Jinan, Yantai, Luoyang, Huangshi, Yueyang, Shantong, Foshan, Luzhou, Haidong, and Yinchuan.

In October 2019, the State Taxation Administration published a new corporate tax policy for the pilot zone enterprises, effected from January 1, 2020. The document is a general contraction for these trial zones and guide each provincial government to implement. Moreover, there are more details waiting for.

According to the document:

Cross-border e-commerce enterprises subject to tax assessment and collection within the comprehensive pilot zone shall accurately calculate their total revenues, on which corporate income tax will be levied upon assessment at the taxable income rate. The taxable income tax rate shall be four percent.

Where a cross-border e-commerce enterprise subject to the levy upon assessment of income tax in a comprehensive pilot zone meets the conditions for preferential policies for small low-profit enterprises, it may enjoy the preferential income tax policies for small low-profit enterprises;
If the income obtained by it is tax-free income specified in Article 26 of the Corporate Income Tax Law of the People’s Republic of China, it may enjoy the preferential policies for tax-free income.

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