Import tax is a type of tax that the government imposes on goods produced in other countries and territories. So what is import tax? How is import tax calculated? See the article below for detailed answers.
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Table of Contents Hide
1. Overview of import tax
What is import tax?
Import tax in English?
Purpose of import tax
2. Import tax regulations you need to know
Time of import tax calculation
3. Current import taxes
Classification by tax calculation method
Classification by tax purposes
4. Detailed calculation of import tax
Method of calculating import tax by percentage
Absolute import tax calculation method
Mixed import tax calculation method
5. Important notes when brazil telegram data determining import tax calculation price
6. Some frequently asked questions about import tax
Why are import duties and taxes/VAT still charged on online purchases instead of being included in the total shipping cost?
Why pay customs duties?
Do I have to pay customs duty when receiving a gift?
What additional charges may I incur discovery commerce: marketing of the future or a dummy? after customs clearance?
1. Overview of import tax
What is import tax?
Import tax is an indirect tax levied by a country/territory on goods imported from abroad.
When goods are transported by means ws data of transport to the border gate, customs officers will check the goods with the declaration and calculate the amount of import tax to be collected according to regulations. Import tax must be paid before customs clearance so that the importer can circulate the goods domestically. To calculate import tax, taxable goods are assigned a classification code called the Harmonized System Code (assigned and continued to be developed by the World Customs Organization).
Import tax in English?
Import tax in English is tariff or import levy
Purpose of import tax
The most basic purpose of import tax is to increase revenue for the budget, in addition import tax also aims to:
Makes imported goods more expensive than domestically available substitutes, reducing the trade deficit;
Counteract dumping by increasing the price of imported goods of dumped goods to the general market level;
Against tariff barriers from other countries imposing taxes on exports, especially during trade wars;
Protection for important production sectors (such as agriculture);
Protect new industries until they are strong enough to compete internationally;
The basis for trade negotiations when implementing trade incentives or retaliation because of it