- New customs law in China consolidates measures, policies, and announcements
- Law takes effect on 1 December 2024
- Changes include requiring e-commerce businesses to act as tariff withholding agents
- Goods from one country/region deemed to originate there, multiple countries/regions based on most recent changes
- Statute of limitations for customs challenges tax paid is three years
- Focus on e-commerce companies paying customs duties
- Clearer definition of country of origin for better understanding of duty rates
- Extension of statute of limitations period for customs audits
- Companies should seek professional advice for compliance and minimize customs risks and penalties.
Source: bdo.global
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
