Agency import generally involves customs duties, value-added tax, and some goods may also have consumption tax.
Customs duty is a tax levied by the customs on imported goods. The calculation of the tax amount is based on the product of the dutiable value and the applicable tax rate. The dutiable value is usually determined based on the CIF price (cost, insurance, and freight). The customs duty rates for different goods are different, and can be found by referring to the Import and Export Tariff of the Customs of the People's Republic of China.
Value-added tax is a turnover tax levied based on the value-added amount generated during the circulation of goods. The payable amount of value-added tax for imported goods = (dutiable value of customs duties + customs duties + consumption tax) × value-added tax rate, and the general tax rates are 13%, 9%, etc.
Consumption tax is levied on specific consumer goods, such as cigarettes, alcohol, cosmetics, etc. The calculation methods are divided into ad valorem, specific duty, and compound tax. If the imported goods fall within the scope of consumption tax, consumption tax needs to be paid. In short, the types of taxes and tax rates to be paid should be determined according to the specific category of imported goods.
Professional consultant answers
Amanda YangYears of service:3Customer Rating:5.0
Cost control consultantConsult
Agency import generally involves customs duties, value-added tax, and some goods may also have consumption tax.
Customs duty is a tax levied by the customs on imported goods. The calculation of the tax amount is based on the product of the dutiable value and the applicable tax rate. The dutiable value is usually determined based on the CIF price (cost, insurance, and freight). The customs duty rates for different goods are different, and can be found by referring to the Import and Export Tariff of the Customs of the People's Republic of China.
Value-added tax is a turnover tax levied based on the value-added amount generated during the circulation of goods. The payable amount of value-added tax for imported goods = (dutiable value of customs duties + customs duties + consumption tax) × value-added tax rate, and the general tax rates are 13%, 9%, etc.
Consumption tax is levied on specific consumer goods, such as cigarettes, alcohol, cosmetics, etc. The calculation methods are divided into ad valorem, specific duty, and compound tax. If the imported goods fall within the scope of consumption tax, consumption tax needs to be paid. In short, the types of taxes and tax rates to be paid should be determined according to the specific category of imported goods.
William YangYears of service:5Customer Rating:5.0
International logistics consultantConsult
In addition to the above, some specific goods may also involve special tariffs such as anti-dumping duties, which depends on the specific products and relevant policy regulations. If the imported goods enjoy preferential agreements in the country of origin, the customs duty rate may be preferential.
Emily LiuYears of service:10Customer Rating:5.0
Settlement and payment expertConsult
Generally, for agency import, it is mainly customs duties, value-added tax, and consumption tax. Pay attention to accurately declaring the value of the goods, otherwise, if the calculation basis for customs duties and value-added tax is wrong, it will be very troublesome later. At the same time, understand the commodity code in advance to determine the tax rate.
Elizabeth LiYears of service:3Customer Rating:5.0
Compliance and risk managerConsult
The types of taxes paid for agency import are similar to those for normal import. For consumption tax, it is for specific consumer goods, such as high-end watches. Just calculate according to the corresponding formula.
Robert ChenYears of service:6Customer Rating:5.0
Customer service consultantConsult
If it involves cross-border e-commerce agency import, there may be some special regulations. However, the basic types of taxes are still customs duties, value-added tax, etc., but there may be differences in the declaration process and the application of tax rates.
James LiuYears of service:10Customer Rating:5.0
Foreign trade tax refund consultantConsult
In the import link, customs duties and value-added tax are more commonly payable. Consumption tax depends on the product attributes. If ordinary daily necessities are imported, there is generally no consumption tax. First, determine the product classification.
Andrew HuangYears of service:7Customer Rating:5.0
Supply chain optimization expertConsult
Sometimes there may be additional taxes and fees in the import link, such as urban maintenance and construction tax, education surcharge, etc. However, these are generally calculated based on the actual amount of value-added tax and consumption tax paid, and these additional taxes and fees are generally not levied on imported goods. It depends on the local policies.
Jennifer WangYears of service:4Customer Rating:5.0
Market development consultantConsult
Remember to pay attention to the relevant policy adjustments of the customs. The tax rates or taxation methods for some goods may change in different periods. When importing through an agent, clarify with the agent the responsibility for bearing and declaring taxes and fees.
Michelle ChenYears of service:3Customer Rating:5.0
Business coordination consultantConsult
For some imported goods for specific purposes, such as for scientific research, there may be tax exemption policies. Before agency import, confirm clearly the use of the goods and the corresponding tax policies to avoid overpayment of taxes.
Joseph ZhouYears of service:10Customer Rating:5.0
Senior foreign trade managerConsult
Agency import may also involve customs supervision handling fees, but this is not commonly levied. It is usually levied on specific duty-reduced, duty-free, and bonded goods, etc., and is calculated as a certain percentage of the CIF price of the goods.