Superimposed taxes push up prices of luxury items in China

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#

At present, luxury goods sold in China are much more expensive than in other markets, even though China is replacing traditional European and American countries to become the main force of luxury goods consumption, and major international luxury brands are also paying greater attention to the Chinese market.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#

The import tariffs on luxury goods in China are indeed creating a major difference in prices of luxury goods in China and abroad, according to analysts.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#

China implements higher import tariff policy on luxury goods and the tax ranges from 6.4-25 percent. In addition, sales of luxury goods in the country attract value-added tax, consumption tax and business tax.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#

Secondly, the distribution costs, including mall rent and a variety of management fees, are included in the final retail price of the products.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#

Marketing costs also account for a portion of higher price of luxury goods in China.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#

Thus, the overall price of luxury items is about 2-3 times higher than import CIF (cost, insurance and freight) price.

 

Superimposed taxes and levy of various types of fees is the main reason for higher prices of luxury items sold in China. At present, luxury goods sold#