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Tax And Duty From Yiwu Market Import And Export

Views:19     Author:Site Editor     Publish Time: 2020-06-03      Origin:Site

What is the tax or duty to import from Yiwu Market ?

In order to promote economic recovery, recently, the Ministry of Finance and the State Administration of Taxation jointly issued the announcement on increasing the export tax rebate rate of some products, making it clear that since March 20 this year, the export tax rebate rate of 1464 products will be increased, and the current export tax rebate rate will be changed from 5 to 4, respectively 13%, 9%, 6% and 0%. Among them, the export tax rebate rate of 1084 products such as porcelain sanitary wares was increased to 13%; the export tax rebate rate of 380 products such as plant growth regulators was increased to 9%.

Normally export from Yiwu Markets without any Tax or Duty if you donot want.


How To Know The Tax And Duty For Your Import?

Import tariff is a kind of tax levied by the state on import and export goods or articles. As for import and export tariff, we can get familiar with this concept today. About the concept of import and export tariffs and query methods to see it together!

Import tariff rate inquiry

1. Through the website of the Ministry of Commerce, we can query the tax rates of various countries entering China, and the import tax rates of goods originating in China in other countries. For example, for goods originating in China, the import tariff of Argentina is 35%, and VAT is 21%.

2. If you do not know the customs websites of various countries, it is not easy to find them through search engines. It is suggested that the links of Customs websites of various countries can be found through the WCO website, so it is relatively easy to query. Of course, not all the national customs websites provide the tax rate.

3. Query the service network of China free trade area. By querying the service network of China free trade area, you can query the preferential tax rates between China and countries that have signed free trade agreements. In addition, you can also query the schedule of free trade agreement tax reduction. After comparison, it should be noted that if you query the import tax rate of a commodity in another country, you must know the commodity number of the commodity in the other country.

Export tariff rate

China's export tax is one column tax rate, namely export tax rate. The state only imposes export tariffs on a small number of resource-based products and semi-finished products that are prone to competitive price fixing, blind import and need to regulate the export order. In 1992, export duties were levied on 47 kinds of commodities, with the tax rate ranging from 20% to 40%. The current tariff imposes export duties on 36 kinds of commodities, mainly eel fry, some non-ferrous metal ores and concentrates, raw antimony, phosphorus, potassium fluotantalate, benzene, goat skin, some ferroalloys, scrap iron and steel, copper and aluminum raw materials and products, nickel ingot, zinc ingot and antimony ingot. The tariff rate of export commodities has not been adjusted. However, the provisional tax rate of 0-20% is applied to 23 kinds of commodities within the above scope, of which 16 kinds of commodities are free of tariff and 6 kinds of commodities are subject to 10% or less. Like the provisional import tariff rate, the provisional export tax rate is preferred to the export tax rate specified in the export tariff rules. Therefore, there are only 20 kinds of goods which are subject to export tariff, and the tax rate is also low.

There are several types of tariffs

There are two kinds of tariff, one is single tariff and the other is double tariff.

The tariff rate is divided into the preferential nation tax rate and the ordinary tax rate, with 4% and 80% respectively. According to the new tariff regulations, the statutory tariff rates of China's import tariff include comparative favored nation rate, negotiated tariff rate, preferential tariff rate and ordinary tariff rate.

Specific classification

1. Comparative favored nation tax rate:

The comparative favored nation tax rate applies to the imported goods originated from the member countries or regions of the world trade organization which are jointly applying the terms of comparative favored nation treatment with China; or the imported goods originated from the countries or regions with which China has signed bilateral trade agreements on the reciprocal granting of comparative favored nation treatment; and the imported goods originating in the territory of the people's Republic of China.

2. Treaty rate:

The tariff rate of the agreement is applicable to the imported goods originated from the parties to the regional trade agreement with which China has signed preferential tariff clauses. Treaty rates.

3. Preferential tax rate:

The preferential tariff rate is applicable to imported goods originated from countries or regions that have signed special preferential tariff agreements with China. Before 2013, China implemented the Bangkok Agreement special tax rate on imports of 18 tax items originating in Bangladesh.

4. General tax rate:

The general tax rate applies to imported goods originating in countries or regions other than the above-mentioned countries or regions, or imported goods from countries or regions of unknown origin.

The statutory tariff rates of China's import tariff include comparative favored nation rate, negotiated tariff rate, preferential tariff rate and ordinary tariff rate. If you need to inquire about the import tariff, you can check the tax rates of various countries through the website of the Ministry of Commerce, and you can query the commodity tax rates of various countries entering China through the trade tax query of various countries.


Additonal Links For Your Tax And Duty Issues:

https://www.simplyduty.com/import-calculator/

(help you to get to know the duty directly and easily)

https://www.tariffnumber.com/

(HS Code Searching)

www.alibaba.com

(You can search your cargo company, they have good service and garranty)


If you need more information please let us to help you.





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