China may exempt some cosmetics from consumption tax  

財政部：中國或不再征收一般化妝品30%消費稅

記者今天從權威人士處獲悉，財政部正在考慮將化妝品的稅目分類界定為高檔化妝品和一般化妝品，一般化妝品可能將不再征收消費稅，消費稅征收范圍的調整預計在今年下半年公布。 [查看全文]

(ECNS) – China's Finance Ministry is considering classifying cosmetics into high-end and general categories, and removing consumption taxes on the general ones, according to the Legal Daily.

China has been levying consumption taxes of as much as 30 percent for cosmetics, including high-end skincare products.

According to a report by Finance Minister Lou Jiwei, the authority is continuing to improve its reform plan for the consumption tax, and a new policy is expected to come out later this year.

Sun Gang, a research director with the ministry, said the adjustment will remove some daily living items from the scope of its consumption tax and add more goods that cause heavy pollution or use excessive energy.

China has already levied consumption taxes on some products, including those that are harmful to health or society; luxury goods and non-necessities; high-energy consumption and high-end products; non-renewable and non-placeable petroleum products; and financially significant products.