The import tax rate is the rate of import tariffs.

Import tariffs are duties levied by a country's customs on imported goods and items. Countries no longer use transit duties, and export taxes are rarely used. The so-called tariffs mainly refer to import tariffs. Imposing import tariffs will increase the cost of imported goods, increase the market price of imported goods, and affect the quantity of imported foreign goods. Therefore, countries impose import tariffs as a means of restricting the import of foreign goods. Appropriate use of import tariffs can protect domestic industrial and agricultural production, and can also be used as an economic lever to regulate domestic production and economic development.

As proposed by the Customs Tariff Commission of the State Council and submitted to the State Council for approval, China will reduce the import tariff rates on some daily consumer goods such as clothing, shoes, skin care products, and diapers starting from June 1, 2015. The average drop is more than 50%.

Calculation method:

1. Calculation of import duties and taxes

The basic formula for calculating import duties and taxes is:

Import Tariff amount = Dutiable price × Import tariff rate

The following points should be noted when calculating tariffs:

1. Import taxes are paid in RMB. If the imported goods are priced in foreign currency, the customs shall calculate and levy the tax in RMB based on the central parity of the RMB and foreign exchange quoted prices announced by the national foreign exchange administration department on the date of issuance of the tax payment certificate. Foreign currencies not included in the RMB foreign exchange quotation list shall be converted into RMB at the exchange rate determined by the national foreign exchange administration department.

2． The amount of the duty-paid price is calculated up to yuan, and the amount below yuan is rounded off. The paid tax amount is calculated to the nearest cent, and is rounded off to the nearest cent.

3. The tariff amount for one shipment of goods is less than RMB 50 and is exempt from tax. The transaction price of imported goods has different price forms due to different transaction conditions. Commonly used price terms include FOB, CFR, and CIF. Here are examples of the calculation of import taxes based on three commonly used price terms.

(1) For imported goods traded with CIF, if the declared price meets the specified "transaction price" conditions, the tax can be calculated directly

For example:

A company imported 100

000 kilograms of steel wire rods from Germany. The transaction price was CIF Tianjin Xingang US$125,000.

What is the tax payable?

The known foreign exchange price on the date when the customs issued the tax payment note:

100 US dollars = 847.26 RMB (buying price)

100 US dollars =857.18 RMB (selling price)

The tax is calculated as follows:

(1) Review the declared price, meet the "transaction price" conditions, and determine the tax rate: Steel wire rod is included Tax number 7310, the import tariff rate is 15%.

(2) Convert the price of goods into RMB based on the foreign exchange rate on the day when the tax payment form is issued.

The foreign exchange rate of the day is:

The central parity of foreign exchange buying and selling is 100 US dollars = (847.26+857.18)/

2=852.22 RMB

That is, 1 US dollar = 8.5222 RMB

Duty paid price = 125 000 × 8.5222 = 1 065 275 RMB

(3) Calculate the tariff: 1 065 275 RMB × 15%=159

791.25 RMB.

(2) For imported goods traded on FOB and CFR terms, when calculating taxes, the declared price of the imported goods should first be converted into CIF price, and then the taxes should be calculated according to the above procedures

For example:

my country imported a batch of medium-thick steel plates from abroad totaling 200,000 kilograms. The transaction price was FOB London 2.5 pounds per kilogram. The known unit freight was 0.5 pounds and the insurance rate was 0.25%,

How much is the duty payable?

The known foreign exchange price on the date when the customs issued the tax payment note:

1 pound = 11.2683 RMB (buying price)

1 pound =11.8857 RMB (selling price)

(1) Convert the goods price into RMB based on the foreign exchange rate on the date when the tax payment form is issued.

The foreign exchange rate on the day is:

The middle price of foreign exchange buying and selling = (11.2683+11.8857) RMB ÷ 2 = 11.577 RMB

That is, 1 pound = 11.577 RMB Yuan

Duty paid price = (FOB price + freight)/(1-insurance rate) = (2.5+0.5)/(1-0.25%)

=3.0075 pounds

(2) Calculate tariffs: According to the tax classification, medium-thick steel plates are goods originating in Japan and are subject to the most-favored-nation tax rate, and the most-favored-nation tax rate is 10%.

Rule: Import duties and taxes for this batch of goods = 3.0075 pounds × 11.577 × 200

000 kilograms × 10% = 696356.55 yuan.