July 31 2019

State Council Introduces New Measures to Promote Development of Cross-border E-commerce Zones

Premier Li Keqiang chaired a State Council executive meeting on July 3, 2019.

The meeting said the Chinese government will support pilot free trade zones in undertaking more experiments with reform and opening-up, and refine policy incentives for cross-border e-commerce to facilitate more innovative models in foreign trade.

On top of the 35-existing cross-border e-commerce zones, such zones will be launched in more cities in light of local needs. Retail goods that are exported from these pilot zones will see their value-added tax exempted in the absence of a valid purchase certificate. Simpler methods for verifying and collecting corporate income tax will be introduced.