New E-Commerce Law Will Force Vendors to Pay More Tax
China’s E-Commerce Law will finally take effect on the first day of 2019. The law will affect not only big platforms like Alibaba and JD.com, but also online merchants that are facing the prospect of either raising prices or quitting the industry, analysts said.
The legislation, which has been drafted and amended over five years, has closed some loopholes in the world’s largest online retail market — worth $4.2 trillion last year, according to data from the National Bureau of Statistics.
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