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China Considers Levying Tax on E-commerce Businesses
China is considering collecting tax on electronic commerce enterprises, and a policy framework is expected to be tabled in the second half of this year, according to sources with the State Bureau of Taxation.
The tax collection on e-commerce businesses will be based on the country's current taxation system so as to avoid ``big financial risks,'' the Xinhua News Agency quoted an unidentified official of the administration as saying at a symposium in Chongqing Municipality on June 12.
The taxes will be levied on a fair fashion, and will not influence the market's rational distribution of resources, according to the official.
He did not elaborate on the taxation policies.
The administration has established a research group to make explicit rules regarding taxation on e-commerce firms, he said.
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