To support innovative development of foreign trade, China will continue two preferential tax policies

For 2024 trade fairs to be held between 2025 and 2025, import duties, import value-added tax and consumption tax will be exempted for import exhibits sold within the specified quantity or amount during the fair period.

The items subject to the tax policy do not include tobacco, alcohol, automobiles, commodities listed in the catalogue of import of major technical equipment and products not exempt from duty, endangered animals and plants and their products, and a state ban on imports.

For the 2023 period from 30 January to 31 December 2025 under customs control codes for cross-border e-commerce (1210,9610,9710,9810) , and from the date of export within 6 months due to unsaleable, returned goods returned to the country in their original state (excluding food) , import duties and import link value-added tax, consumption tax;

The export tariff levied at the time of export shall be refunded; the value-added tax and consumption tax levied at the time of export shall be executed in accordance with the relevant tax provisions on the return of goods for domestic sale.

In contrast to previously announced policies, the latest rules extend the deadline for companies to declare exports under customs codes for cross-border e-commerce from January 29 to December 31,2025 under the original 2024.

This will provide sustained momentum and confidence for the faster development of foreign trade in Yiwu!