There is no tax refund for shopping in Hong Kong. Hong Kong is basically tax-free on goods, which is why it's known as a shopper's paradise.
But you may have to pay customs duty when you carry goods out of the country:
1. The total value of goods purchased by an individual does not exceed 5,000 yuan, and the goods will be released duty-free by customs when you cross the border.
2. If the total value of goods purchased by an individual exceeds 5,000 yuan, a certain amount of customs duty will be levied on the part that exceeds 5,000 yuan. Therefore, if the value of goods purchased by an individual exceeds 5,000 RMB, please declare to the Customs in advance and pay a certain amount of tariff, and then the goods will be released. If undeclared and detected, the customs duty will be levied at 20% of the total value of the personal belongings.
Expanded Information:
Tariffs (Customs Duties, Tariff) are the duties that are levied on imported and exported goods after a country has passed through a customs inspection. Tariff is a tax levied on importers and exporters by the government's customs office when imported or exported goods pass through a country's borders.
Tax Information
Definition
Tariff is a tax levied by a country's customs on imported and exported goods passing through its customs territory according to the country's laws. Tariffs in all countries generally belong to the highest administrative unit of the country to designate the tax rate of high-level taxes, for foreign trade developed countries, tariffs are often the national tax or even the main revenue of the state treasury. Governments can impose tariffs on both imported and exported goods, but import tariffs are the most important and are the main trade measure.
Second, the collection
The basis for the collection of tariffs is the duty-paid price. Imported goods to the Customs audited value of the transaction based on the cif price for the tariff-paid price; exported goods to the sale of the goods with the foreign fob price minus the export tax, after the Customs review of the price determined by the tariff-paid price.
The formula for calculating the taxable amount of customs duty is: taxable amount = duty-paid price × applicable tax rate.
Characteristics
(1) Tariffs are taxes levied on importers and exporters by the customs set up by the government when imported and exported goods pass through a country's customs territory.
(2) Tariffs are compulsory.
(3) Tariffs are gratuitous.
(4) Tariffs are predetermined.
Four, the role of
1, safeguard national sovereignty and economic interests
2, protect and promote the development of national industrial and agricultural production
3, regulation of the national economy and foreign trade
4, to raise state revenues
Five, tariffs
Tariffs tariffs, also known as the Customs Tariffs, refers to the country's imported goods and the regulations on the imposition of tariffs on imports. Customs duty rules, also known as customs tariffs, refers to a country's imported goods and regulations on the imposition of tariffs on imported dutiable commodities and duty-free commodities to be systematically categorized in a column of the table. It is the basis of customs taxation, is the specific embodiment of a country's tariff policy.
From the content point of view, the customs tariffs generally include two parts: one is the customs tariff regulations, regulations and instructions; the second is the tariff rate table. The tariff rate table in turn consists of columns such as tariff code number, commodity name, and customs rate.
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