China - Customs Guide. Duty and Tax Threshold VAT and duty is applicable when combined they total over 50 RMB Minimum Tresholds & Duty rules Duty Calculation.

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Presentation transcript:

China - Customs Guide

Duty and Tax Threshold VAT and duty is applicable when combined they total over 50 RMB Minimum Tresholds & Duty rules Duty Calculation Duty is calculated exclusively on CIF* value Most Commonly Imported Items with Duty Rates Clothing - 16% Natural health products - 20% Cosmetics – 5% Wallets/handbags - 20% CD & DVDs - 0% Auto parts - 10% Footwear - 24% Jewelry (imitation) - 17% Vitamins – 20% Costumes/festive goods - 0% Free Trade Agreements Hong Kong, China-European Free Trade Association Free Trade Agreement New Zealand-Hong Kong, China Closer Economic Partnership Agreement New Zealand-People's Republic of China Free Trade Agreement New Zealand-Taipei, China Economic Cooperation Agreement People's Republic of China-Chile Free Trade Agreement People's Republic of China-Costa Rica Free Trade Agreement People's Republic of China-Iceland Free Trade Agreement People's Republic of China-Singapore Free Trade Agreement People's Republic of China-Switzerland Free Trade Agreement People's Republic of China-Thailand Free Trade Agreement Singapore-Taipei, China FTA *CIF (Cost, Insurance, Freight: The import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight, and the cost of insurance.

Tax Rules, Import Restrictions & Drawback Tax Calculation Tax is calculated on the CIF value plus applicable duties Types of Tax VAT only Tax Rates Standard VAT rate is 17% Some products qualify for a reduced VAT rate of 13% Common Import restrictions Radio Transmitting Receivers Jewelry Perishables More information on Import Restrictions can be found at Returns & Drawback No current drawback solution

Examples Examples to China Example 1 Sweater of 100 RMB Example 2 Sweater of 500 RMB Value of the good 100 RMB500 RMB Duty applied Clothing 16% (100*0,16) = 16 RMB Clothing 16% (500*0,16) = 80 RMB Tax applied VAT 0,17% (100+16)*0,17 = RMB VAT 0,17% (500+80)*0,17 = RMB Total cost of goods, duty & tax paid by a client (excl shipping costs) 100 RMB = = less than 50 RMB RMB =