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First series of reforms on tax guarantee for cross-border e-commerce retail imports implemented in Xiamen

LMS
ftz.xm.gov.cn|Updated: April 9, 2024

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Xiamen Custom's officers process cross-border e-commerce goods. [Photo/Xiamen Daily]

An electronic guarantee application submitted by Xiamen Lugangtong Supply Chain to the bank was recorded in the cross-border e-commerce management system of Haicang Customs, a subsidiary of Xiamen Customs, on April 7. 

This marks the successful launch of the tax guarantee reform for cross-border e-commerce retail imports in the jurisdiction of Xiamen Customs.

The General Administration of Customs recently digitalized tax guarantees in the retail import sector of cross-border e-commerce. Fifteen customs agencies, including Xiamen Customs, have taken the lead in launching pilot projects nationwide.

Under this new model, cross-border e-commerce enterprises apply to banks, and upon receiving instructions, the banks complete the credit approval process. The electronic version of the guarantee is then sent to the customs for record-keeping. This simplifies the process of handling guarantee business, further enhancing the efficiency of customs clearance for cross-border e-commerce.

In order to support the development of emerging business models such as cross-border e-commerce, Xiamen Customs has optimized the layout of the cross-border e-commerce industry for exports. 

Priority has been given to the addition of five new cross-border e-commerce supervision centers in the vicinity of airports, seaports, and comprehensive bonded zones, optimizing customs clearance processes to ensure that cross-border e-commerce export parcels are processed immediately upon arrival and given priority for inspection. 

For eligible export goods, convenient measures such as "list-based release and summary statistics" are applied, helping enterprises to enjoy comprehensive "one-stop" services for warehousing, logistics, customs clearance, and more.