Import agency generally involves customs duties, value-added tax, and some commodities also need to pay consumption tax.
Customs duties: The tax rate depends on the tariff classification and place of origin of the goods. The tax rates of different goods vary greatly, and the dutiable value is usually determined based on the CIF price (cost, insurance and freight).
Value-added tax: The value-added tax rate for most goods is 13%, and for some specific goods such as agricultural products, it is 9%. The calculation formula is (dutiable value of customs duties + amount of customs duties) × value-added tax rate.
Consumption tax: It is levied on high-consumption or special consumer goods such as tobacco, alcohol, and cosmetics. The tax rates vary according to different commodities, and there are three calculation methods: ad valorem method, specific quantity method, and compound tax method. For example, for cosmetics, the ad valorem method is usually used, and it is calculated by (dutiable value of customs duties + customs duties) ÷ (1 - consumption tax rate) × consumption tax rate. Due to different classifications and characteristics of different types of goods, there are indeed differences in tax payment situations.
Professional consultant answers
James LiuYears of service：10Customer Rating：5.0
Foreign trade tax refund consultantConsult
Import agency generally involves customs duties, value-added tax, and some commodities also need to pay consumption tax.
Customs duties: The tax rate depends on the tariff classification and place of origin of the goods. The tax rates of different goods vary greatly, and the dutiable value is usually determined based on the CIF price (cost, insurance and freight).
Value-added tax: The value-added tax rate for most goods is 13%, and for some specific goods such as agricultural products, it is 9%. The calculation formula is (dutiable value of customs duties + amount of customs duties) × value-added tax rate.
Consumption tax: It is levied on high-consumption or special consumer goods such as tobacco, alcohol, and cosmetics. The tax rates vary according to different commodities, and there are three calculation methods: ad valorem method, specific quantity method, and compound tax method. For example, for cosmetics, the ad valorem method is usually used, and it is calculated by (dutiable value of customs duties + customs duties) ÷ (1 - consumption tax rate) × consumption tax rate. Due to different classifications and characteristics of different types of goods, there are indeed differences in tax payment situations.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
The value-added tax in the import link is different from that in the domestic sales link. The import value-added tax paid by the import agency can generally be deducted as input tax amount as long as it complies with the regulations. Remember to ask the agency to provide relevant tax payment certificates for subsequent operations.
Joseph ZhouYears of service：10Customer Rating：5.0
Senior foreign trade managerConsult
If the imported goods are specific tax-reduced or tax-exempt goods, they can enjoy customs duty reduction or exemption preferential policies within the specified scope, but relevant regulatory regulations should be noted, such as not being allowed to transfer without permission during the supervision period.
Amanda YangYears of service：3Customer Rating：5.0
Cost control consultantConsult
For consumption tax taxable commodities, the consumption tax should be accurately calculated, otherwise it may affect the cost and pricing. Moreover, the time when the tax liability of consumption tax occurs is based on the day of customs declaration for import.
Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult
When paying taxes for import agency, attention should be paid to the declaration period. The declaration periods of customs duties, value-added tax, and consumption tax are generally within 14 days from the date when the means of transport declares entry into the territory. Late payment may result in late payment fees.
William YangYears of service：5Customer Rating：5.0
International logistics consultantConsult
Some special commodities, such as medical devices, may involve other related fees in addition to regular taxes and fees. Industry regulations should be understood in detail before import.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
If the goods originate from countries or regions that have signed preferential trade agreements with our country, they may be applicable to preferential customs duty rates, which can save costs. The situation of relevant agreements should be confirmed before import.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
The collection and management of the value-added tax levied on behalf of the import link apply to relevant regulations such as the Domestic Value-Added Tax Provisional Regulations. These policies should be familiarized with to avoid tax risks.
Elizabeth LiYears of service：3Customer Rating：5.0
Compliance and risk managerConsult
When the goods are involved in anti-dumping or countervailing situations, anti-dumping duties and countervailing duties may be levied additionally. Relevant developments should be paid attention to before import.