New Deal for Cross-border E-Commerce will be implemented in 37 cities next New Year's Day

The future prospects of cross-border e-commerce are promising.
Recently, the Ministry of Commerce, the General Administration of Customs and the General Administration of Taxation jointly issued the Notice on Improving the Supervision of Retail Import in Cross-border E-Commerce, which will adjust the import policy of cross-border E-Commerce from January 1 next year.
It is reported that the new policy will further expand the scope of goods enjoying preferential policies on the basis of zero tariff within the quota, value-added tax on import links and consumption tax levied at 70% of the statutory tax payable on goods in the import list of cross-border e-commerce retailers, increase 63 items of goods demanded by the masses, and raise the single transaction limit of goods enjoying preferential tax policies from the current 2,000 yuan. To 5,000 yuan, the annual trading limit has been raised from 20,000 yuan per person to 26,000 yuan per year.
At the same time, the scope of application of the policy has expanded from 15 cities such as Hangzhou to 22 new cities such as Beijing, Shenyang, Nanjing, Wuhan, Xi'an and Xiamen, which have set up comprehensive cross-border e-commerce test zones. This shows that the state has fully affirmed the four-year pilot scheme of cross-border import and further determined the status of cross-border import e-commerce industry. According to the statistics of Customs, cross-border e-commerce imports have developed rapidly in recent years. In 2017, China's cross-border e-commerce retail imports increased by 75.5% compared with the same period last year; in 2018, 1-mdash; in October, cross-border e-commerce retail imports increased by 53.7% compared with the same period last year.
From the perspective of the new policy, the current regulatory policy on cross-border e-commerce retail imports has been continued. The requirements of first import licensing, registration or filing are not implemented for cross-border e-commerce retail imports, but for personal imports. This is the third extension of the transitional period policy in two and a half years.
It is noteworthy that the Notice clearly requires that business operators of cross-border e-commerce platforms should register in China, and register at the customs according to relevant regulations, and accept the supervision of relevant departments. It can be seen that both regulatory notice and tax notice emphasize that non-governmental purchasing of cross-border e-commerce imports will be prohibited.
For the launch and implementation of the new policy, Tianmao International said that this is a full affirmation of the innovation of China's cross-border import e-commerce model, and the policy will continue to maintain stability and certainty. Jingdong International also believes that the new policy will help more abundant goods from overseas to enter China through cross-border e-commerce mode, and allow consumers to enjoy more favorable prices. The recent intensive introduction of relevant regulatory policies indicates that the government and relevant institutions are committed to continuously optimizing the business environment and improving relevant rules for cross-border e-commerce. For cross-border e-commerce practitioners, the state and government actively encourage and support the development of cross-border e-commerce.
In recent years, China's total import and export trade is about 4 trillion US dollars. As far as cross-border e-commerce is concerned, its share in total trade is relatively small, but from the international level, cross-border e-commerce is in a process of continuous development, and its future prospects are promising. Li Chenggang, Assistant Minister of Commerce of the Ministry of Commerce, said at a regular briefing on the policies of the State New Office held recently.