In recent years, with the advance of globalization, more and more imported goods are pouring into the Chinese market, and people are becoming more and more dependent on these foreign products. However, have you ever thought about what duties and taxes these imported goods need to pay in the process of entering the domestic market? Today, we will come together to understand.
First of all, tariffs are taxes levied on goods imported from overseas. In China's current tariff system, it is mainly divided into two types, the regular rate and the preferential rate, according to the Regulations of the People's Republic of China on Tariffs of the People's Republic of China*** and the People's Republic of China. Regular tax rate refers to the tax rate applicable to imported goods from most countries and regions, while preferential tax rate refers to the tax rate levied on goods from some specific countries and regions. When making customs declaration, naturally, different tax rates are calculated according to the categories of commodities and the importing countries and regions. In addition, individual commodities are subject to other taxes such as environmental protection tax, consumption tax and value-added tax, and for high-value luxury goods, even luxury consumption tax.
Secondly, environmental protection tax is a tax levied on activities such as the emission of pollutants.Starting from January 1, 2019, China formally implemented the environmental protection tax, which is levied on enterprises and individuals that emit pollutants. In terms of imported goods, for certain high-polluting and high-energy-consuming products, it is necessary to control the cost of their entry into China's market through environmental protection tax, so as to achieve the purpose of protecting the environment.
Once again, consumption tax is a tax that imposes a commodity sales tax on consumer goods. Consumption tax is divided into two kinds of proportional tax and fixed tax, and the tax is different for different kinds of commodities. In the case of imported goods, the tax base of the consumption tax refers to the tax-inclusive price, and the proportional tax rate levied varies depending on the type of goods.
Finally, value-added tax (VAT) is a tax levied on goods and services at a certain rate during the production, distribution and consumption of goods. Unlike other taxes and fees, VAT is levied according to the added value of the product, i.e., the tax on the increased sales value in the production chain of commodities, and it is a tax and fee that accumulates step by step in the circulation chain of commodities. For imported goods, the value-added portion is also subject to tax.
In summary, the taxes on imported goods mainly include customs duties, environmental protection tax, consumption tax, value-added tax and other kinds of taxes. In the import trade, the customs declaration personnel will need to be based on different categories of commodities and importing countries and regions, to carry out itemized calculations, and pay the corresponding taxes and fees. Through effective tax policies, China is not only able to introduce more imported goods that meet the needs of the domestic market, but also to ensure the quality and quantity of imported goods, providing consumers with a safer and more secure shopping experience.