16 July 2019
China Adds New Cities and Benefits to Pilot Cross-Border E-Commerce Programme
A further tranche of mainland cities is to be added to the 35 that are already participating in the Cross-border E-commerce Comprehensive Pilot Zone Programme, according to a statement released by the State Council following its 3 July Executive Meeting. Although the additional cities have yet to be officially identified, it is believed they will also benefit from a number of supplementary privileges that are to be extended to all such zones in line with a resolution adopted during the same session.
Among these additional entitlements are VAT-free exporting regardless of whether or not a valid VAT invoice can be presented and the adoption of a streamlined approach to assessing / collecting enterprise income tax. Improvements are also to be made to the cross-border e-commerce statistical system, while the building of service platforms for the further development of cross-border e-commerce and the required ancillary services, including logistical support, will be prioritised. Support will also be given for the establishment of a greater number of overseas warehouses and e-commerce platforms are to be assisted in the implementation of the appropriate intellectual property safeguards.
Overall, a greater effort is also to be made to implement a prudent, yet accommodating, regulatory regime. In particular, this will focus on tackling the problem of counterfeit and substandard goods, while also looking to ensure the rights and interests of businesses and consumers are duly observed. In terms of the broader picture, international exchanges and wider co-operation are to be encouraged, while the appropriate authorities will look to actively participate in the drawing-up of a cross-border e-commerce international regulatory regime.
Source: State Council of China