Get Ready? All These New Rules Are Implemented Today!
The Ministry of Industry and Information Technology has requested three Chinese telecommunications companies to trial mobile SIM card nonlocal cancellation service by November 1, 2018. China Unicom, China Telecom and China Mobile will officially provide this service from January 1, 2019.
Of course it’s really convenient for the foreigners who like to travel many places around China. But you should notice that the mobile number contains too much personal information, and please handle it carefully in case of scams happened or being used by swindlers.
The “Personal Income Tax Law of the P.R.C”, as amended by the Fifth Session of the Standing Committee of the 13th National People’s Congress, will be officially implemented on January 1, 2019. From October 1, 2018, the tax threshold has been raised to 5,000 yuan. According to the newly revised tax law, a number of special additional deductions were also formally implemented.
Individual Tax deduction
The deduction for individual taxes is mainly for the middle class with wages and salaries as the main source of income. The final draft of the special tax deduction method has increased the deduction limit, expanded the deduction range, made more people benefit.
A few days ago, the National Health and Health Committee issued a notice stating that since January 1, 2019, the birth certificate (sixth edition) would be launched official.
According to the website of the Hong Kong Government, the international trade negotiator and deputy minister of the Ministry of Commerce of China, has signed the “Goods Trade Agreement” with the Hong Kong Financial Secretary Mr Paul Chan.
From January 1, 2019, goods originating in Hong Kong will be fully duty-free when imported to Chinese Mainland. It means that Hong Kong products can be bought at a lower price starting 2019!
The Ministry of Finance announced that starting from January 1, 2019,
China will adjust the import and export tariffs on some commodities,
impose a temporary import tax rate on 706 commodities,
and no longer impose export tariffs on 94 commodities.
The adjustment plan for the provisional tax rate for import and export in 2019 is mainly divided into two aspects: adjusting the import tariff rate and the export tariff rate.
Among the agreed tax rates
Since January 1, 2019, the treaty rates for China and New Zealand, Peru, Costa Rica, Switzerland, Iceland, South Korea, Australia, Georgia, and Asia-Pacific trade agreements have been further reduced.
The “E-Commerce Law” will be officially implemented on January 1, 2019. At that time, all purchasing and micro-businesses will need to apply for the business license of both the destination and the Chinese, and pay the corresponding tax.
The “Daigou”(代购) who acts as a purchasing agent and sells goods in WeChat Moments, will be monitored by the government strictly and subjected to highest 2 million fine once they violate the rules.
The State Administration of Markets, the National Standardization Administration, and the Office of the Inter-Ministerial Joint Meeting of the National Electronic Document Management (National Cryptography Administration) jointly issued six national standards for the “Electronic License”, which will be officially implemented on January 1, 2019.
The standard specifies the overall technical framework for the application of electronic licenses, a uniform license classification rule and basic information for licenses. Each E-license is given an “identity number” and its uniqueness is ensured, making the sharing of government information resources and services more standardized, more convenient and more efficient.