Understanding the tariff rates for imported goods
Imported goods that come from countries or regions without a reciprocal tariff agreement with the People's Republic of China are subject to ordinary tariff rates. However, imported goods originating from countries or regions with a reciprocal tariff agreement with China are taxed at preferential rates.
For example, food imports are subjected to a 10% tariff, while machinery may face a tariff of 35%. To calculate the import tariff amount, multiply the CIF (Cost, Insurance, and Freight) price by the import tariff rate.
Typically, the import duty rate is 15%. However, as of July 1, 2018, the import tariffs on automobile body-in-white and spare parts have been reduced from 135 tax marks with a levy rate of 25% and 4 tax marks with a levy rate of 20% to 15%. Auto parts have different levy rates ranging from 8% to 25%, resulting in a total of 79 possibilities.
How to calculate import taxes and fees
To determine the tax amount for import duties, multiply the dutiable price of the goods by the import tariff rate. For example, if the dutiable price is 64670 and the import tariff rate is 12%, the import duty tax amount would be 7760.40 yuan. Additionally, customs may also levy Value Added Tax (VAT) on behalf of the customs.
The dutiable value of the goods is essential for calculating the ad valorem duty tariff. Once the dutiable value is determined, the tariff can be calculated using the formula: import tariff amount = dutiable price × import tariff rate. The customs value is converted into Chinese Renminbi (RMB), and amounts below RMB are rounded up. Import taxes must be paid in RMB.
There are two methods to calculate tariffs on imported goods. The first method involves paying duties to customs before the goods are imported. The second method requires paying duties to customs after the goods have been imported.
Tax rates and codes for household beauty and health appliances
- Tax code for household electric fans: 109041601. Household electric fans include ceiling fans, floor fans, table fans, wall fans, tower fans, box fans, and other similar electric fans with power ranging from 5W to 125W.
- Tax code for massage instruments: 1090419000000000000. This code also applies to household beauty and health care appliances, such as power generation appliances, hair dryers, electric hair removers, electric beauty instruments, electric toothbrushes, and other household beauty and health care appliances.
- Tax code for electric razors: 109041901. Electric razors used for household purposes fall under this category. It includes appliances used in barber shops and hair salons. The invoice for electric razors is considered a metal product.
- Hello, dear. I'm happy to assist you with hair dryer taxes. The key phrase for hair dryer taxes is Fan Fan. The tax classification code for hair dryers is 109012701.
Please note that the information provided is for reference purposes, and it is advisable to consult official sources or authoritative websites for the most up-to-date and accurate information on import tariffs and tax codes.
