VAT News

China delays new e-commerce tax regime

This is based on reports of high levels of abandoned shipments at ports by consumers faced with rising entry taxes from May.   Freight forwarders have indicated a drop in over 60% on cross-border sales. As a result, the Chinese General Administration of Customs has delayed by up to one year many of the new tax measures designed to ensure there was no advantage to purchasing goods from foreign, online marketplaces.

Related articles

UK MP Calls for Scrapping VAT Applied to Sunscreen

UK MP Chris Bryant calls for scrapping the 20% VAT rate applied to sunscreen products, encouraging more people to regularly use it.

Read more
Greek VAT Reductions Aims to Increase Tourism

On the eve of a European election, Greek Prime Minister Alexis Tsipras proposes a number of significant tax reductions focusing on increasing tourism to the country.

Read more
New 'Super Weapon' Against VAT Fraud In Europe

The Transactional Network Analysis quickly uncovers suspicious transactions and fraudulent VAT activity.

Read more