Import tariffs set ordinary and preferential tax rates. The Chinese people *** and the country does not have a tariff reciprocity agreement on imported goods, according to the ordinary rate of tax; on the Chinese people *** and the country has a tariff reciprocity agreement on imported goods, according to the preferential rate of tax.
Imported goods which are taxed at ordinary rates as stipulated in the preceding paragraph may be taxed at preferential rates with the special approval of the Customs Tariff Commission of the State Council. Any country or region on its imports of goods originating in the Chinese people's **** and the country to impose discriminatory tariffs or give other discriminatory treatment, the Customs imported goods originating in that country or region, may impose a special tariff. The varieties of goods on which special tariffs are to be levied, the rates of such tariffs, and the times of their commencement and cessation, shall be decided by the Customs Tariff Commission of the State Council and shall be published and put into effect.
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Import and export goods shall be categorized into appropriate tariff numbers in accordance with the categorization principles stipulated in the "Customs Import and Export Tariff Rules" and taxed in accordance with the applicable tax rates.
Imported and exported goods shall be taxed in accordance with the tax rate in force on the date of declaration of import or export by the consignee or consignor or their agents.
Imported goods before the arrival of the Customs approved by the first declaration, shall be levied in accordance with the rate of tax implemented on the date of the declaration of entry of the means of transportation carrying such goods.
The import and export of goods and tax refunds, applicable to the import and export of goods originally declared on the date of import or export tax rate. Specific measures by the General Administration of Customs separately.
Second, the calculation of import tariffsThe basic formula for calculating import tariffs is:
Import tariffs = duty-paid price × import tariffs cochineal which is the rate
In the calculation of tariffs, the following points should be noted:
(a) Import taxes paid in the form of RMB. Imported goods in foreign currency transactions, by the Customs and Excise Department in accordance with the issuance of tax payment certificate on the date of the State Administration of Foreign Exchange announced the RMB foreign exchange rate of the median price of the purchase and sale of RMB levy. RMB foreign exchange rate table is not included in the foreign currency, according to the exchange rate determined by the State Administration of Foreign Exchange converted into RMB.
(2) The amount of the tax-paid price is calculated until the yuan, and rounded up to the nearest dollar. The tax-paid amount is calculated up to the cent, and rounded up to the nearest cent.
(3) A single shipment of goods is exempt from duty if the amount of duty is less than RMB 50 yuan. The transaction price of imported goods, due to different transaction conditions and different price forms, commonly used price terms, there are FOB, CFR, CIF three. According to the three commonly used price terms are examples of the calculation of import taxes.
(d) CIF transaction of imported goods, if the declared price in line with the provisions of the "transaction price" conditions, the tax can be calculated directly.
(e) FOB and CFR conditions of imported goods, in the calculation of taxes should be imported first slow answer the declared price of goods into the CIF price, and then calculate the tax according to the above procedures.
Third, tariff reductionOn November 1, 2018, China will reduce import tariffs on 1,585 tax items, and the total tariff level will be reduced from 9.8% to 7.5%. In order to adapt to industrial upgrading and reduce enterprise costs, this is mainly on the people's production and life needs of many industrial products to implement tax cuts, including filial piety know including electromechanical equipment, parts and components and raw materials and other industrial products, *** involving 1585 tariffs, the average tariff rate from 10.5% down to 7.8%, the average rate of reduction of about 26%.