I heard that many small partners are concerned about the tax-related issues of import and export goods recently. What taxes are involved in import and export goods?

Common types of import and export goods taxes and fees include import and export duties, value-added tax, consumption tax, anti-dumping duty, countervailing duty, etc. The following is a detailed introduction to the tax-related matters of import and export goods!

Tax-related small class

import and export duties

import and export duties
According to Article 53 of the "Customs Law of the People's Republic of China", customs duties shall be levied by the customs according to the law for goods that are permitted to be imported and exported, as well as inbound and outbound articles.

Tariff range
Import tariffs set the most-favored-nation tax rate, agreement tax rate, preferential tax rate, ordinary tax rate, tariff quota rate and other tax rates. Provisional tax rates can be implemented for imported goods within a certain period of time. Export tariffs set export tax rates. Provisional tax rates can be implemented for export goods within a certain period of time.

Import and export tariff calculation formula
The formula for calculating ad valorem tariffs is:
Tax payable = dutiable value × tariff rate
The formula for calculating tariffs based on quantity is:
Tax payable = quantity of goods × unit tariff tax

VAT

VAT
Units and individuals that sell goods or provide processing, repair and replacement services and import goods within the territory of the People's Republic of China are VAT taxpayers and shall pay VAT.

VAT rate
From April 1, 2019, if the general VAT taxpayer has VAT taxable sales or imported goods, if the original 16% tax rate is applicable, the tax rate will be adjusted to 13%; if the original 10% tax rate is applied, the tax rate will be adjusted to 9% . For details, please refer to the Announcement on Policies Concerning Deepening the Value-Added Tax Reform (Announcement No. 39 [2019] of the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs).

VAT calculation formula
The formula for calculating import value-added tax is:
Tax payable = (dutiable price + actual customs duty + actual consumption tax) × value-added tax rate

sale tax

sale tax
Units and individuals that produce, entrust processing and import consumer goods within the territory of the People's Republic of China, as well as other units and individuals that sell consumer goods as determined by the State Council, are taxpayers of consumption tax and shall pay consumption tax.

Consumption Tax Calculation Formula
The formula for calculating the import link consumption tax on ad valorem is:
Tax payable = [(dutiable price + actual duty tax)/(1-consumption tax rate)] × consumption tax rate
The formula for calculating and levying import link consumption tax is as follows:
Tax payable = quantity of goods × unit consumption tax

Anti-dumping duties

Anti-dumping duties
After investigation, the Ministry of Commerce determines that the imported products have entered the market of the People's Republic of China by means of dumping, causing substantial damage or threat of substantial damage to the established domestic industry, or causing substantial obstacles to the establishment of the domestic industry. Anti-dumping measures are taken. The implementation of anti-dumping measures is generally to impose anti-dumping duties, and the rate of anti-dumping duties is determined according to the dumping margin.

Anti-dumping duty calculation formula
The formula for calculating anti-dumping duties is:
Anti-dumping duty amount = customs duty value × anti-dumping duty rate

countervailing duty

countervailing duty
If the Ministry of Commerce determines after investigation that the imported products are subsidized and cause substantial damage or threat of substantial damage to the established domestic industry, or cause substantial obstacles to the establishment of the domestic industry, my country may levy countervailing duties in accordance with the law.

Collection of countervailing duties
The Ministry of Commerce shall make recommendations for the collection of countervailing duties, and the Customs Tariff Commission of the State Council shall make decisions based on the recommendations of the Ministry of Commerce, and the Ministry of Commerce shall make an announcement. The countervailing duty shall be determined separately according to the subsidy amount of different export operators. The amount of countervailing duty shall not exceed the amount of subsidies determined in the final decision.