The types of taxes involved in import agents mainly include import tariffs, import value-added tax, and some commodities also need to pay consumption tax.
Import tariffs are the taxes levied by the customs on imported goods. The tax rate is determined according to the HS code and the country of origin of the goods. For example, the tax rate for ordinary goods may be relatively low, while the tax rate for some luxury goods will be relatively high.
For import value-added tax, the general tax rate is 13% or 9%. Its tax calculation basis is the dutiable value of the goods plus the amount of tariffs. If consumption tax is involved, it also needs to include the amount of consumption tax.
Consumption tax is usually for specific consumer goods, such as tobacco, alcohol, cosmetics, etc. The tax rate is determined according to the specific type. Tax payments for different types of goods do indeed differ. For example, the difference in tax rates between the above-mentioned consumer goods and ordinary daily necessities is quite large. The tax payment process is generally completed by the import agent. They will declare to the customs. After the customs reviews, it will issue a tax bill, and the import agent can just pay the tax. Relatively speaking, the process is professional but not complicated.
Professional consultant answers
Sarah ZhangYears of service：8Customer Rating：5.0
Document expertConsult
The types of taxes involved in import agents mainly include import tariffs, import value-added tax, and some commodities also need to pay consumption tax.
Import tariffs are the taxes levied by the customs on imported goods. The tax rate is determined according to the HS code and the country of origin of the goods. For example, the tax rate for ordinary goods may be relatively low, while the tax rate for some luxury goods will be relatively high.
For import value-added tax, the general tax rate is 13% or 9%. Its tax calculation basis is the dutiable value of the goods plus the amount of tariffs. If consumption tax is involved, it also needs to include the amount of consumption tax.
Consumption tax is usually for specific consumer goods, such as tobacco, alcohol, cosmetics, etc. The tax rate is determined according to the specific type. Tax payments for different types of goods do indeed differ. For example, the difference in tax rates between the above-mentioned consumer goods and ordinary daily necessities is quite large. The tax payment process is generally completed by the import agent. They will declare to the customs. After the customs reviews, it will issue a tax bill, and the import agent can just pay the tax. Relatively speaking, the process is professional but not complicated.
Robert ChenYears of service：6Customer Rating：5.0
Customer service consultantConsult
Import agents may also involve some surtaxes, but usually, they are calculated based on tariffs and value-added tax. Such as urban maintenance and construction tax, education surcharge, etc. However, these taxes sometimes have preferential exemption policies in the import process, and it depends on the actual situation.
Michelle ChenYears of service：3Customer Rating：5.0
Business coordination consultantConsult
For specific imported commodities, such as products made from endangered species, etc., in addition to the regular taxes and fees, special tariffs may also need to be paid. This is mainly to restrict the import of such special commodities. Therefore, it is necessary to determine the nature of the commodities before import.
David LiYears of service：6Customer Rating：5.0
Senior customs declaration consultantConsult
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William YangYears of service：5Customer Rating：5.0
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Emily LiuYears of service：10Customer Rating：5.0
Settlement and payment expertConsult