China will impose consumption tax on electronic cigarettes

China will collect consumption tax on electronic cigarettes, of which the tax rate of production (import) will be 36%.

According to the website of the Ministry of Finance on October 25, the Ministry of Finance, the General Administration of Customs, and the General Administration of Taxation issued an announcement on levy of electronic cigarette consumption tax.

Announcement shows that the electronic cigarette is included in the scope of consumption tax collection and adds electronic cigarettes to the smoke tax.Electronic cigarettes are calculated to calculate taxes from the price rate.

Among them, the tax rate of the production (import) link is 36%, and the tax rate of the wholesale link is 11%.The taxpayer exports electronic cigarettes and is suitable for export refund (free) tax policies.In addition, electronic cigarettes will also be listed to Bianmiminyin's imported goods without tax exemption list and taxes.