Coming into November, a batch of new regulations will also be officially implemented In China . individual industrial and commercial households must not be in arrears, and the new version of drug recall management methods will affect your life and my life. Let’s take a look.
【New National Regulations】
Excise tax on e-cigarettes
The “Announcement on the Collection of Consumption Tax on Electronic Cigarettes” issued by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation will be implemented from November 1, 2022. The announcement made it clear that e-cigarettes will be included in the scope of consumption tax collection, and e-cigarette sub-items will be added under the tobacco tax item. Electronic cigarettes are subject to the ad valorem rate-setting method to calculate and pay taxes. The tax rate for the production (import) link is 36%, and the tax rate for the wholesale link is 11%; the consumption tax on electronic cigarettes brought or delivered by individuals shall be levied in accordance with the relevant regulations of the State Council.
Post time: Oct-31-2022