Customs import and export taxes and fees are always miscalculated, and this article teaches you the formula for calculating taxes and fees, with tariff risk guidelines

Customs import and export taxes and fees are always miscalculated, an article teaches you the formula for calculating import and export taxes and fees, with tariff risk guidelines

Customs import and export tax calculation is an important part of international trade, involving customs duties, value-added tax and consumption tax. Generally, the formula for calculating customs duties is: customs duty = dutiable value of imported goods × tariff rate, where dutiable value includes the purchase price of goods, freight and insurance premiums, etc. In addition to paying attention to customs duties, enterprises also need to pay attention to the calculation of VAT and consumption tax to ensure full compliance, such as the risk guidance of tariffs, to ensure that the declared commodity information is accurate, so as to reduce the additional costs and legal risks arising from misstatement or omission. (There is a way to collect the information at the end of the article)

Customs import and export taxes calculation formula and examples

People's Republic of China Customs Import and Export Goods Declaration Form Filling Specification

Tariff risk guidance and solutions

There are many preferential tax policies for export tax rebates that are not displayed in the article, if you want to know more about import and export taxes and fees, please see below!