Foreign cosmetics consumption tax adjustment response have reduce the price

The Xinhua News Agency in Shanghai (Reuters) - Reporter He Xinrong, Gong Wen) Before and after the New Year's day, estee lauder cosmetics companies in the United States and South Korea amorepacific cosmetics company announced plans to cut in the Chinese market, up to %. Both companies have said that the price is for cosmetics consumption tax adjustment policy in response to China. , according to a statement from the amorepacific day release from month day, four major brands cut % % to the suggested retail price of an item. Previously, estee lauder, announced that from month day, estee lauder, clinique and charm to the brands will cut part of the suggested retail price of cosmetics and fragrance products, range from % %. Notice, according to the Ministry of Finance issued by China from (date) (month) (year), the removal of ordinary beauty, decorate class cosmetics to impose consumption tax, will 'cosmetics' name of tax items changed its name to 'high-end cosmetics'. Levying scope including high-end cosmetics, cosmetics, high-end skin care products and complete sets of cosmetics, define the standard for production, Imports) Link sales ( Tax payment) Price ( Including VAT) In the yuan/ml ( G) Or RMB/piece ( Zhang) And above. Tax rate adjustment for %. According to third party statistics, China's cosmetics market, public accounts for % cosmetics, high-end cosmetics accounted for more than %. 'Consumption tax adjustment tax reduction for cosmetics industry have, or would promote cosmetics price cut. 'Changjiang securities research report said. Cosmetics industry psoriasis, according to the consumption tax adjustment and the tariff cut, just triggered one of the reasons for foreign cosmetics price cut, other factors include: cross-border electricity and overseas online shopping market fast development, make the cosmetics increasingly transparent price system, reversed transmission foreign companies to adjust the price range in China. Statistics show that some foreign cosmetics spreads to % at home and abroad, and about the % reduction is not high. Editor: huang rui