Calculation formula of value-added tax on imported equipment

Value-added tax payable on imported goods = (customs duty paid price+tariff 10 consumption tax) × value-added tax rate, which constitutes tax payable = customs duty paid price+tariff+consumption tax.

Import value-added tax refers to the value-added tax levied in the import link, which belongs to a kind of turnover tax. Unlike the general value-added tax, which levies value-added tax on production, wholesale and retail, the import value-added tax is a kind of value-added tax that specifically levies value-added tax on import.