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China says to remove consumption tax on non-luxury cosmetic products
September 30, 2016 / 2:32 AM / a year ago

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

Beijing, Sept 30 (Reuters) - 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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