Is the calculation of import furniture agency taxes and fees too complicated? Come and ask me quickly!
Solved#Import agent#
I want to find an agent to help import furniture, but I don't know how to calculate the taxes and fees specifically. I heard that different types of furniture have different tax rates and there are some other expenses. I wonder if there are any professionals who can explain in detail how the import furniture agency taxes and fees are calculated? For common solid wood furniture, leather sofas, etc., what taxes and fees will be involved in addition to customs duties? I hope to get a clear answer. Thank you.
Professional consultant answers
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
The taxes and fees involved in import furniture agency mainly include customs duties, value-added tax, and some may also involve consumption tax.
Customs duties: The tax rate is determined according to the material and use of the furniture, and there are large differences among different types. For example, the customs duty rate for general ordinary solid wood furniture may be around 0 - 10%. The specific rate can be found by querying the Import and Export Tariff of the People's Republic of China.
Value-added tax: The usual tax rate is 13%, and the calculation formula is (dutiable value + customs duty amount) × value-added tax rate.
Consumption tax: It is only levied on specific furniture categories, such as some high-end furniture inlaid with precious materials. The tax rate is generally 5% - 10%, and the calculation method is (dutiable value + customs duty amount) ÷ (1 - consumption tax rate) × consumption tax rate. The dutiable value is generally based on the CIF price determined by the customs. In addition, there may be some miscellaneous fees such as customs declaration fees and agency fees during the agency process, and the specific amount depends on the pricing of the agency company.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
When calculating the import furniture taxes and fees, the commodity code should be determined first so as to accurately find the corresponding customs duty rate. For leather sofas, if they are ordinary civilian ones, the customs duty may be relatively lower; if they are high-end luxury brands, the tax rate may change.
Andrew HuangYears of service：7Customer Rating：5.0
Supply chain optimization expertConsult
In addition to the above main taxes and fees, there may also be some port miscellaneous fees, such as port construction fees, terminal handling fees, etc. However, these fees are generally relatively small, and the specific amount depends on the port regulations.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
If furniture is imported from a country that has signed a free trade agreement with China, some products may enjoy zero-tariff preferential treatment, but the corresponding certificate of origin needs to be provided.
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
The customs is very strict in determining the dutiable value of imported furniture and will refer to the price of similar products in the international market. Therefore, the declared price should be reasonable, otherwise it may be revalued and affect the taxes and fees.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
The value-added tax for import furniture agency is generally 13% regardless of the use and type of furniture, but it should be noted that it is calculated according to the specified dutiable value.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
For the consumption tax, the key to determining whether it is levied is to see if the furniture belongs to the high-end luxury category. This should be understood clearly in advance, otherwise it will affect the cost accounting.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
During the import furniture agency process, the agency fee also needs to be considered. Different agency companies have different charging standards, and it is best to compare several companies.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Sometimes there are tariff quotas. The customs duty rates are different within and outside the quota. Relevant policies should be paid attention to before import.