China says to remove consumption tax on non-luxury cosmetic products



China will remove consumption tax on non-luxury cosmetic products with effect from Oct. 1, the finance ministry said on Friday.
The ministry also adjusted the consumption tax on high-end cosmetic and beauty products to 15 percent, the finance ministry said in a statement, without providing further detail.
(Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)
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30 September 2016 in Business, Views: 45
Source: Reuters
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