High-grade cosmetics tax impose consumption tax to 30%

For the Ministry of Finance has issued the consumption tax adjustment scheme, a tax on the skin and hair care products range of high-grade skin care cosmetics on the tax items, tax rate of consumption tax and adjust the class cosmetics. New items industry and yachting, golf, and high-grade watch the ball, and the big cars, adjusting tax items related to the industry have said, this will increase pressure for China's fledgling luxury industry. The new consumption tax adjustment rules, tax the originally belongs to the skin and hair care products range of high-grade skin care cosmetics on the items. This means that the original at the rate of % of high-grade skin care cosmetics, will impose consumption tax according to the rates % of cosmetics. To this, the world's largest cosmetics company l 'oreal China public relations manager Zhou Genliang said, because there is no see for specific how to define 'high-end cosmetics', so cannot see the adjustment to the influence of the industry. 'But we will pay close attention to policy adjustment. 'In addition, the detailed rules will originally % of consumption tax cancel the skin care and hair care products, there is no doubt that brought good news to the industry. Zhou Genliang said, because the skin send conduct industry competition is fierce, enterprise cost pressure is very big also. The consumption tax cancelled this product, are beneficial to the development of the industry as a whole. When asked about whether l 'oreal hair care products that protect skin will consider price, Zhou Genliang said that constitute the product cost factor is very complex, so the key factors of product price is also more, now it is too early to talk about prices would fall.