Tax pol­icy on cos­met­ics changed

China Daily (USA) - - POLICY REVIEW -

The State Ad­min­is­tra­tion of Tax­a­tion re­cently is­sued a no­tice on tax­a­tion man­age­ment for high-end cos­met­ics. Ac­cord­ing to the doc­u­ment, since Oct 1, the tax rate of high-end cos­met­ics was low­ered from 30 per­cent to 15 per­cent, and or­di­nary cos­met­ics prod­ucts have be­come tax-free.

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