Cross Border Electricity Providers Brutal Growth Facing New Deal Bonded Warehouse Mode Pressure

Recently, the Ministry of Finance issued the "cross border e-commerce retail".

The notice of tax policy said that since April 8, 2016, China will implement the tax policy on retail import of cross-border e-commerce and synchronously adjust the postal tax policy.

The industry believes that the policy can promote fair competition in the cross-border electricity supplier market and reduce the policy uncertainty of cross-border e-commerce development, which is conducive to the long-term development of the cross-border electricity supplier industry.

What will be the impact of the implementation of the new deal on the prices of imported goods? How will the cross-border e-commerce enterprises respond? For this reason, the reporter investigated the impact of the policy, enterprises and the "sea generation".

Rumors of a long time cross-border electricity supplier New Deal official documents finally boots landing.

In March 24th, a notice issued by the Ministry of Finance on the tax policy on retail import of cross-border e-commerce (hereinafter referred to as the notice) said that since April 8, 2016, China will implement the tax policy on retail import of cross-border e-commerce, and adjust the postal tax policy synchronously.

For a while, the industry is constantly discussing. There is a view that the cross-border electricity suppliers in the bonded warehouse mode are facing the pressure of rising prices, and the industry will usher in a round of shuffling.

It is understood that, in fact, the impact of the new deal is different for different modes of cross-border e-commerce enterprises, and the tax burden on cross border commodities is also rising and falling under the new tax system.

In addition, the "positive list" of the cross-border electricity supplier, which is more worried about the industry, has not yet been released. What kind of industry shock this industry believes is very harsh policy will seem to be more concerned.

In 2014, it was known as the first year of cross-border electricity supplier. In 2015, it was a year of great outburst. More and more capital entered the industry with strong vitality at the early stage of development.

Tmall international, Jingdong global purchase, NetEase koala shopping...

In the cross-border e-commerce industry, some start-ups also entered a period of rapid rise.

In January 2015, the Ocean Terminal announced the completion of the B round of $100 million in financing, and in September 2015, the mother and baby Electric Business Honey buds announced the completion of the $150 million D round of financing.

China's e-commerce research center data show that in the first half of 2015, China's total cross-border e-commerce pactions exceeded 2 trillion yuan, an increase of 42.8% over the same period, of which imports accounted for 15.2% and exports accounted for 84.8%.

It is predicted that the scale of cross-border e-commerce pactions in 2015 will reach 5 trillion and 500 billion yuan, an increase of 30.9% over the same period last year.

Behind the rapid development of the industry is the favorable policy that has been released in the past two years.

In July 2014, the General Administration of Customs issued successive announcements on regulatory matters relating to the import and export of goods and articles in cross-border e-commerce, and the announcement on adding codes of customs supervision mode, which is often referred to as "No. 56" and "No. 57" in the industry. It recognizes cross-border e-commerce from the policy level, and also recognizes the general bonded mode in the industry.

In March 2015, the State Council formally approved the decision to build a comprehensive pilot area for cross-border e-commerce in Hangzhou.

With the support of the pilot policy, the scale of cross-border e-commerce pactions in Hangzhou increased rapidly from less than US $20 million in 2014 to US $3 billion 40 million at the end of November 2015.

In January this year, the State Council approved Tianjin.

The 12 cities of Chongqing, Hefei, Zhengzhou, Guangzhou, Chengdu, Dalian, Ningbo, Qingdao, Shenzhen and Suzhou have set up a number of cross border e-commerce comprehensive test zones to replicate the experience of promoting convergence.

It is reported that before the new deal was released, cross border electricity supplier pilot cities enjoy preferential tax policies, that is, overseas products purchased through cross-border e-commerce channels only need to pay postal tax, which eliminates tariffs, value added tax and consumption tax of general import trade.

Before the new deal, our country's postal tax is subject to four tax items, and the amount below 50 yuan will be exempted.

This provides the foundation for the rapid growth of cross-border electricity providers, but also brings a series of problems, among which the unfair tax burden and the loss of tax revenue are the primary problems for regulators.

A commodity with a unit price of less than 500 yuan is required to pay import duties and VAT if it takes the form of traditional general trade, while the cross-border electricity supplier only needs to pay the postal tax, and it will be exempted from the postal tax rate of 10% of most commodities.

In addition, some enterprises will break up the goods into zero items by way of "unpacking" and turn them into taxable items under 50 yuan to avoid tax and commodity import quality inspection, and a large number of fragmented packages will bring regulatory difficulties to customs.

In response, the customs and Trade Commission of the General Administration of Customs issued a letter on strengthening the supervision of cross border e-commerce online shopping bonded import. It reiterated that cross-border bonded imports must be carried out in the customs special supervision area or bonded logistics center in the pilot cities of cross-border electricity suppliers. The non cross border electricity supplier pilot cities should not carry out the online shopping bonded import business. At the same time, it is required to strengthen the analysis and monitoring of cross-border bonded import commodities, e-commerce enterprises and consumers' information data, and crack down on the use of cross-border e-commerce online shopping bonded import channels to "smash up the whole area" to commit illegal and criminal acts of smuggling.