1. What is the import tariff rate?
Import tariffs include ordinary tax rates and preferential tax rates. Imported goods originating from countries or regions that have not concluded a tariff reciprocity agreement with the People's Republic of China will be taxed at ordinary rates; goods originating from countries or regions that have a tariff reciprocity agreement with the People's Republic of China Imported goods from a country or region are taxed at preferential rates.
Imported goods that are taxed at ordinary rates as stipulated in the preceding paragraph may be taxed at preferential rates with special approval from the Customs Tariff Commission of the State Council. If any country or region imposes discriminatory tariffs or gives other discriminatory treatment to its imported goods originating in the Republic of China, the customs may impose special tariffs on the imported goods originating in that country or region. The types of goods subject to special tariffs, tax rates and the start and stop times shall be determined by the Tariff Commission of the State Council and promulgated for implementation.
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Imported and exported goods should be classified into appropriate tax numbers in accordance with the classification principles stipulated in the "Customs Import and Export Tariffs", and in accordance with Taxes are levied at the applicable rates.
Imported and exported goods shall be taxed at the tax rate in effect on the date the consignee or consignor or their agent declares import or export.
If the imported goods are declared in advance with the approval of the customs before they arrive, they shall be levied according to the tax rate in effect on the date of declaration of entry by the means of transport carrying the goods.
For tax surcharges and refunds on imported and exported goods, the tax rate in effect on the date the imported or exported goods were originally declared for import or export shall apply. The specific measures will be stipulated separately by the General Administration of Customs. 2. Calculation method of import tariffs
The basic formula for calculating import tariffs is:
Import tariff amount = duty-paid price × import tariff rate
In calculation The following points should be noted when paying customs duties:
(1) The form of import tax payment is RMB. If the imported goods are priced in foreign currency, the customs shall calculate and levy the tax in RMB based on the central parity of the RMB and foreign exchange quoted prices announced by the national foreign exchange administration department on the date of issuance of the tax payment certificate. Foreign currencies not included in the RMB foreign exchange quotation list shall be converted into RMB at the exchange rate determined by the national foreign exchange administration department.
(2) The amount of the duty-paid price is calculated up to yuan, and the amount below yuan is rounded off. The paid tax amount is calculated to the nearest cent, and is rounded off to the nearest cent.
(3) One shipment of goods with a tariff of less than RMB 50 is exempt from tax. The transaction price of imported goods has different price forms due to different transaction conditions. Commonly used price terms include FOB, CFR, and CIF. Here are examples of the calculation of import taxes based on three commonly used price terms.
(4) For imported goods traded with CIF, if the declared price meets the prescribed "transaction price" conditions, the tax can be calculated directly.
(5) For imported goods traded on FOB and CFR terms, when calculating taxes, the declared price of the imported goods should first be converted into CIF price, and then the taxes should be calculated according to the above procedures. 3. Tariff reduction
Starting from November 1, 2018, my country will reduce import tariffs on 1,585 tax items, and the overall tariff level will be reduced from 9.8% to 7.5%. In order to adapt to industrial upgrading and reduce enterprise costs, this tax reduction is mainly implemented for many industrial products needed for people's production and life, including mechanical and electrical equipment, parts and raw materials and other industrial products. ***1585 tax numbers are involved, with an average tax rate It dropped from 10.5% to 7.8%, with an average decrease of about 26%.