CSI News (Reporter Zhang Jing) The Ministry of Finance website issued a notice on November 24th stating that since December 1, 2017, the im
port tariffs on some co
nsumer goods will be reduced by a provisio
nal tax rate. The scope covers food, health care products, pharmaceuticals, daily chemical products, clothing and footwear, household equipment, cultural entertainment, daily grocery and other co
nsumer goods, involving a total of 187 eight-digit tax number, the average tax rate decreased from 17.3% to 7.7%. The provisio
nal tax rate on im
ports of various formulas has dro
pped from 20% to zero, and Baby diaper
s and Diaper
s have fallen from 7.5% to zero. Lip and eye cosmetics have been reduced from 10% to 5%, and fingernail cosmetics have been reduced from 15% to 5%.
The Ministry of Finance said that with the development of social economy, scientific and technological progress and demographic changes, the people's consumption needs are constantly escalating. This time, the import tariffs on consumer goods are reduced, and some high-quality products and characteristic superior products that are closely related to people's daily needs and closely related to people's daily lives are not conducive to enrich domestic consumption choices and guide the transformation and upgrading of domestic supply systems.