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China Issues Public Notice on Deemed Profit Tax for E-Commerce Exporters

|Approved Changes|China
China

China's State Taxation Administration has issued Announcement No. 36 of 2019 on the introduction of preferential taxation based on a deemed profit rate for the export of retail goods by qualifying e-commerce enterprises. The preferential policy is meant to promote cross-border e-commerce and includes a flat 4% tax rate on revenue of enterprises that meet the following conditions:

  • the enterpri…

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