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Avon lipstick products are displayed inside the newly completed U.S. headquarters for Avon Products Inc. on September 14, 2011 in New York City.

China Eases Consumption Tax on Cosmetics

Charissa Echavez   | Oct 03, 2016 01:51 AM EDT

China is cutting down or eliminating tax on all cosmetic products, the finance ministry announced on Friday, the country's latest move to accelerate the transition toward a more consumption-led economy.

China implements tax reform, switches from business tax to value added taxes.

China to Apply VAT Program Across All Sectors

Charissa Echavez   | Mar 26, 2016 05:35 AM EDT

Financial and taxation authorities of China announced on Thursday that it will apply its value-added tax pilot program across all sectors to consolidate the fiscal and taxation reform in China.

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