Russian official introduction of overseas internet shopping parcel entry restrictions

Summary: Russia's Ministry of Finance announced in late June: Russia officially issued overseas network to purchase parcel entry restrictions. The provision is intended to impose a tariff of 30% per cent on parcels of more than 150 euros or more than 10 kg, and the preceding requirement is 1000 euros or

Russia's Ministry of Finance announced in late June: Russia officially issued overseas internet shopping parcel entry restrictions. The provision is intended to impose a tariff of 30% per cent on parcels of more than € 150 or more than 10 kg, before which tariffs are levied for more than 1000 euros or more than 31 kg. The provisions will come into effect within 30th after publication.

It is reported that in May this year, Russian President Vladimir Putin had asked the Russian authorities to adjust overseas network to purchase parcels tax exemption conditions.

In the new deal, the industry believes that China's cross-border electricity business enterprises will have a huge impact, because Russia is currently a cross-border electricity business enterprises, one of the most important market.

It is understood that the Russian Treasury issued this new regulation, it may be that Russian online retailers have complained that the thresholds imposed on foreign retailers give them an unfair advantage, on the one hand, the price of overseas goods is lower than that of their domestic retailers, on the other hand they have to pay taxes and tariffs if they import goods from abroad. In order to gain a price advantage in competition, the current tariff rules are tantamount to encouraging domestic retailers to evade tax and tariff payments.

In addition to the new rules will be more than 150 euros of goods to be taxed, the weight of more than 10 kilograms of goods will be taxed a value of 30% of the tax.

Russia's tariff restrictions on overseas internet purchases will have a huge impact on China's cross-border electricity dealers. At present, China has a large number of cross-border electricity dealers in the Russian market, if the imposition of heavy taxes, many Chinese online purchases will lose the price advantage, which will gradually lose the Russian network to buy customers.

In this context, the Chinese industry analysts said that for China's cross-border power companies, in the future, if the Russian market to obtain opportunities, localized operations will be the main trend, that is, China's cross-border electricity dealers in Russia set up overseas warehouses, or even set up a branch to conduct local operations, the bulk shipments to the Russian warehouse, Then in the local warehouse will be online shopping parcel Express. In fact, it also faces the problem of too much upfront investment and some uncertain policies and geographical risk factors. It seems that the new rules of Russia's overseas online purchases are really going to give China's cross-border electricity dealers a headache for a while.