PTL China B2B News share with you the interview with PTL Group’s Logistics Manager-Chris Pan and the guild to the taxes and duties you shall pay when importing goods to China. In the past half year, a lot has happened in China, from rules for oversea transactions to internet “clean up” projects, keep tuned with all the new changes.
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Hello yotam-test,

Hope you have had a good start in 2017, in this March PTL China B2B news you will read about: 

An interview with PTL Group’s Logistics Manager-Chris Pan. Chris  shares her 12 years’ experience managing different clients’ supply chains. We will also interpret the taxes and duties you shall pay when importing goods to China.
Through years, PTL Group tried the best to serve our clients and now we have expended our activities to Shenzhen. In the past half year, a lot has happened in China, from rules for oversea transactions to internet “clean up” projects, we will keep you updated with all the new changes. Enjoy your reading!
 

Supply Chain Management is NOT Merely Managing Import and Export
Interview with PTL Logistics Manager—Chris Pan

 
 

Q: You use the term “Fourth Party Logistics Provider” very often, would you please elaborate the meaning of the term and how it differentiates from “Third Party Logistics Provider”?  
 
A: The concept of a Fourth-Party Logistics (4PL) Provider is an integrator that manages the resources, capabilities, and technology of its own organization and other organizations to design, build, and run comprehensive supply chain solutions. Whereas a third party logistics (3PL) service provider targets at a function, 4PL targets at management of the entire process. A Fourth-party logistics provider can also be considered a consulting firm specialized in logistics, transportation, and supply chain management. In another word, the 4PL stands on a higher level and plays an important role in managing the client’s entire supply chain. Read more
 

Brief Guide to the Latest Import Duty Regulations in China

 
 
 
In 2016, there were several changes in import duty regulations. Goods that are imported into the Chinese territory may be subjected to three types of taxes and duties: value-added tax, consumption tax and customs duty.

Taxpayers of the three types of taxes and duties include all enterprises, units, household businesses and other individuals engaged in production or importation of taxable consumer goods within the territory of the People’s Republic of China.

How to calculate the total taxes and duties when importing goods into China?
Read more
to find out.

 

PTL Group Expands Activities to Shenzhen

 
 
 
We are pleased to inform you that PTL Group has expanded activities and from now on we provide employment solutions in Shenzhen. This is to fully meet the needs of our customers in China.
 

China’s Polluted Air is an Opportunity for Foreign Technology

 
 
The Chinese are finding it hard to breathe. According to the WHO, the proper air quality level for daily living is no more than 25 micrograms of pollution particles per meter cubed of air. During the first days of 2017 in Beijing, the concentration of pollution particles in the air passed 500 micrograms, over 20 times the limit!  
 
In these conditions, PTL Group, as a company that provides shared offices in China and offers services including business and operational support for foreign companies, strictly maintains its air quality and our offices are equipped with all required air filtration equipment. We've been recently awarded first place in a competition held by GEM in Shanghai, which tested the air quality in a large number of co-working spaces in the city.  Read more
 

PBOC Sets New Rule for 3rd Party Payment Vendors, such as Alipay

 
 
 
The past few years have shown that payment through third-party services has become more and more popular among the Chinese population, and this popularity is only set to increase. Today many shops, retailers and restaurants accept third-party mobile payments such as Ant Financials’ Alipay or Tencent Holding’s WeChat Pay.On one hand it is convenient for customers to use third-party payment, but on the other hand it has a higher risk of money laundering and there is less transparency with these companies. Read more
 

Local VPN Service Providers Will Face Shutdown in China

 
 
 
China has begun a crackdown on the use of VPNs, making it harder for internet users to circumvent the Great Firewall. China Ministry of Industry and Information Technology announced a 14-month “cleanup” of internet access services. It will be seen illegal to operate a local VPN service without government approval. This will make it harder for those Chinese internet users to access websites hosted outside China, even may include your websites.  Check here to see if your website loads properly in China
 

China Has Restricted its Rules for Overseas Transactions

 
Financial institutes in China are requested to report to the State Administration of Foreign Exchange (SAFE) when:
 
Amount of overseas & domestic transaction
Who shall report
Financial institutes in China are required to report any overseas and domestic cash transactions over 50,000RMB or 10,000USD  Natural and artificial persons*
Financial institutes in China are requested to report any overseas and domestic bank transactions over 2 million RMB or 200,000USD  Artificial persons
Financial institutes in China are requested to report any domestic bank transactions over 500,000RMB or 100,000USD  Natural persons
 
*Entity (such as a firm) other than a natural person (human being) created by law and recognized as a legal entity having distinct identity, legal personality, and duties and rights. Also called juristic person or legal person.
 

Upcoming Exhibitions in Shanghai

Mar 9-11
Mar 13-16
Mar 14- 16
Mar 21-23
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Mar 30-Apr 1
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Apr 19-21
Apr 21-28
 
 
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Our Dutch Client-SABA Will Exhibit at Interzum Guangzhou March 28-31

 
SABA, the Dutch producer of high-quality and technically progressive adhesives and sealants , will exhibit at Interzum Guangzhou this March. PTL Group has supported their headquarter to manage the preparation of the booth 4 years in a roll. 

Visit their booth in Hall S14, Booth 2F05

 

How Can We Assist You in China?

 
For the past 17 years we've been assisting international companies manage their operations in the Chinese market. We would be happy to assist you as well with our array of proffesional services in China:
 
 
     
 
     
 
     
 
     

About us

“PTL Group is a sales and distribution incubator, and fulfillment logistics provider for SMEs entering China. As a strategic partner, PTL Group supports companies selling advanced technology products in B2B markets by providing managment services and operational infrastructure to its clients. Offering the Managment-in-Trust business model, PTL Group supports companies in different stages of their penetration into the market.

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