In the news: E-commerce sites get new tax rates, the NDRC eases outbound investments, a Chinese electric car maker beefs up and social insurance payments are lowered

April 20, 2016 | BY

Katherine Jo &clp articles

This week a new tax policy targeted imported goods purchased online, the NDRC simplified its outbound approval process, a Tencent-backed company poached three BMW execs and the government reduced companies and workers' social security burdens

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Cross-border e-commerce tax rules hit luxury goods

A new tax policy on foreign goods, which came into effect on April 8, no longer treats imported retail goods purchased online as personal postal articles, which generally enjoy a more favorable tax