Duty Free Shops At Entry Ports Will Increase

In 2014, China realized the total retail sales of consumer goods by 26 trillion and 200 billion yuan. In the same year, the number of outbound tourists exceeded 100 million, and overseas consumption exceeded one trillion yuan for the first time.

Zhao Ping, deputy director of the Consumer Economics Research Institute of the Ministry of Commerce, said that if 1/3 or 1/2 consumption returns, it will stimulate social consumption growth by 1 to 2 percentage points.

In this case, boosting domestic consumption demand has become the focus of the State Council's attention.

In April 28th, the Executive Council of the State Council decided that from June 1st this year, China will reduce the import tariff rate of consumer goods such as clothing, footwear, skin care products, diapers and so on, with an average decline of more than 50%.

Shi Yaobin, Vice Minister of finance, said that through the pilot of the 14 tariff items to reduce import tariffs, relevant departments will assess the effect and market effect of policies on meeting the daily needs of the people, and study the next tax reduction list.

In addition to lowering tariffs, the State Council's measures include adjusting the scope of consumption tax.

It is understood that at present, China only levying excise tax on consumer goods such as refined oil, automobiles, cigarettes, liquor, precious jewelry, jewellery, golf and ball sets, high-end watches, yachts, cosmetics and so on, 15 categories of three items.

Shi Yaobin said that the next step is to plan some high-end consumer goods.

Taking into account the scope of consumption tax and taking into account factors such as the increase of residents' consumption level and changes in consumption habits, the scope of cosmetics collection will be adjusted according to the direction of consumption tax reform.

In addition, more duty-free shops will be set up in China.

Lu Peijun, deputy director of the General Administration of customs, said that China will resume and increase the duty free shops at the entry ports according to the wishes of enterprises and the layout of ports.

According to the layout of the entry and exit passengers, combined with the regional layout, we are prepared to add a number of airport duty-free shops, and strengthen the quota management of imported goods. We should reasonably expand the tax-free varieties that our citizens need more, increase the duty free shopping amount appropriately, and facilitate the consumers to enter the port at the port.

Buy foreign products.

The specific plan is being studied urgently.

In addition, Shi Yaobin said that measures will be taken to attract foreign tourists to buy and consume in China, and promote the export of products with international competitiveness.

"Promoting the implementation of tax refund policy for overseas passengers shopping."

Shi Yaobin said that at present, the General Administration of customs and the State Administration of taxation are drafting operational documents separately.