How much cosmetics or exemption of consumption tax, consumers?

by:Lisson     2020-11-25
Recently, there are news: the state administration of taxation is studying the consumption tax reform, and the consumption tax shall be exempted for perfume, lipstick and other cosmetics products, increase the luxury tax, and the rare fur, such as high-end electronic products listed in the tax payment within the directory. In this case, cancel the consumption tax, will lead to daily consumption of cosmetics price? With reference to the provisional regulations on consumption tax of the People's Republic of China ( Referred to as the regulations) : cosmetic items of products such as lipstick, perfume now has to be a % of the consumption tax. And precious jewelry, jade, top tax rate and the tax rate of golf, baseball, yacht are %, and %, high-grade watch these rates are lower than cosmetics. Treasury money kosovo researcher Xu Anta said publicly, shall cancel the cosmetic items, and to add for high-end skin care products, private jets, rare fur, high-grade electronic products and other luxury items, and can consider the current tax items of high-grade watches and other products together into the taxable items. Tax in the industry a said: 'consumption tax is for the production enterprises, the VAT is for sales companies, in fact, by consumers' tax burden in the final price maybe not too big proportion of prices. So, even cancel the consumption tax, cosmetics prices will not drop too much. 'Familiar with the duties in the field of industry insiders have said:' such as increasing luxury items, because most of high-grade watches, private jets and other goods are imported, in the final price also include customs. 'And general high profit bonus for this kind of goods, price is expensive, even charge a % - % of consumption tax, also won't for buyers too much negative impact on consumer behavior. 'So, for cosmetics from consumption tax, its price cut space may be limited, it is difficult to bring substantial benefits to consumers. Editor: Karen
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