Value-added tax 17%, customs duty 6.5%.
Assuming that the price of importing polypropylene plastic (PP 1102K) from Saudi Arabia is 1,200 US dollars per ton, the price converted to RMB:
1,200×1.17×1.065×6.2 (exchange rate) + 100 yuan (customs clearance fee and freight) ≈ 9,400 yuan per ton.
Additionally, the customs and freight charges will change according to the distance of transportation.
Calculation of taxable price and tax amount
According to the Provisional Regulations on Value-added Tax of the People's Republic of China, value-added tax (VAT) is levied by the tax authorities, and VAT on imported goods is levied by the customs. Taxpayers exporting goods are subject to a zero tax rate. VAT on goods brought in by individuals or mailed in for their own use is levied together with customs duties.
The formula for calculating the constituent taxable price is: Constituent taxable price = Customs duty-paid price + Customs duty + Consumption tax.
The formula for calculating the amount of value-added tax (VAT) is: taxable amount = component taxable price × VAT rate.
Expanded Information:
China's value-added tax (VAT) is levied on all VAT-dutiable goods on an ad valorem basis, with a basic rate of 17%, but the VAT rate is lower at 13% for some important materials that are related to the economy and people's livelihood. The basic rate is 17%.
The VAT rate for the following types of goods is 13%:
1, grain, cooking oil and vegetable oil;
2, tap water, heating, cooling, hot water, gas, liquefied petroleum gas (LPG), natural gas, biogas, and coal products for residential use;
3, books, newspapers, and magazines;
4, feedstuffs, chemical fertilizers, pesticides, agricultural machinery, and agricultural films;
5, and agricultural films. /p>
5, metal ores and non-metallic ores and other products (excluding gold dust and wrought gold, which are zero-rated);
6, other goods prescribed by the State Council.
Baidu Encyclopedia-Value Added Tax
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