Chinese govt is mulling e-commerce tax
Updated: 2013-06-05 17:48
By WANG YING in Shanghai (chinadaily.com.cn)
Legislation of e-commerce tax is undergoing preliminary research, and the final target is to promote the healthy development of this industry, the Ministry of Commerce spokesman Yao Jian was quoted as saying by the Beijing News on Wednesday.
Zhang Jindong, chairman of Suning Appliance, proposed during this year's Two Sessions that the taxation department should tax e-commerce activities.
This proposal was adopted by related government departments, and a 5-percent tax was reported to be levied toward e-commerce trade within this year.