November 7, 2016
The China Ministry of Finance and State Administration of Taxation has announced the reduction of cosmetic consumption tax to 15%.
This tax applies to the following high-end cosmetics:
- Nail polish
- Eyebrow pencil
- Lip pencil
- Eye shadow
- Cosmetics kits, including makeup tools such as small mirror, comb
Other cosmetics are not applicable to this tax scheme.
Enforcement of the tax reduction began on October 1, 2016.