• Bellamy's says the tax won't impact its sales.
    Bellamy's says the tax won't impact its sales.
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China is reportedly planning to introduce a new tax on products bought on overseas websites to balance the tax treatment with products bought locally.

Shares in some Australian companies, including organic baby food maker Bellamy's have fallen following the news, according to ABC Rural.

Details of the tax are still unclear, but the move is thought to be about balancing the tax treatment between goods bought online in China and from overseas.

Currently products purchased from overseas websites aren't taxed, whereas products bought from websites based in China are.

In a statement, Bellamy's CEO and managing director, Laura McBain, said she did not anticipate the tax will have a negative impact on sales.

"Our focus continues to be on meeting demand and producing the highest quality organic products; giving mothers piece of mind that they are providing their babies a pure start to life."

The Federal Government is seeking clarity about the tax from its Beijing embassy, according to ABC Rural.

 

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