*** Please click on the red "Follow" us above. Your attention is the motivation for our efforts! Thanks! ***
When doing foreign trade, you cannot avoid tariffs. Now that the Sino-US trade war is in full swing, the United States is making a fuss about tariffs. Today, Baiyun.com has compiled some tariff thresholds and query methods for countries around the world. We hope it will be helpful to you.
1. Taxes
Taxes generally include two aspects, tariffs (DUTY) and value-added tax (VAT); different countries have different VAT rates. For example, the UK is 20%, Australia is 10%, and the United States has none. VAT.
This is also one of the important reasons why many customers choose American warehouses when they first try to use overseas warehouses. In addition, the same product has different tariff rates for different materials, and the exact same product has different tariff rates in different countries. The VAT collection must be CIF, that is to say, freight and tariffs need to be added. The specific calculation method is as follows:
UK: tax = tariff + value-added tax VAT (20%)
tariff = value of goods x tariff rate
value-added Tax = (value + freight + tariff) x 20%
United States: tax = tariff = value x Tariff rate
United States: Tax = Tariff + VAT GST (10%)
Tariff = Value of goods Tariff) x The local VAT rate
is generally not taxed on small packages shipped directly from China (international express small package line) and EMS.
According to experience, the declared value is filled in at about 70% of the ex-factory price of the goods (note that it is the ex-factory price). Customs clearance is relatively smooth for and . Declaring a value that is too low may
result in customs seizing fines and forcing customs clearance to be based on the local market level. Adjust the declared value, if it is too high it will affect your cost of paying taxes.
If there is any change, the latest tax rate adjusted by the local country shall prevail
2. Total cost of overseas warehousing process:
First-leg logistics (sea and air freight DHL/UPS/EMS) fees and taxes + local distribution fees + order processing Fee + warehouse rent.
3. Things you should pay attention to when express delivery to several countries:
(1) Customs fastener inspection
United States: If the declared value is greater than USD200, tariffs may be incurred; you will be required by the customs to make a formal customs declaration For imported express shipments, the recipient must provide customs clearance authorization within 10 days of arrival, otherwise the shipment will be transferred to a custody warehouse and incur a monthly fee of not less than USD300;
India: All shipments required by local customs to be detained for customs inspection must be The recipient must provide authorization before customs clearance can begin. A daily storage fee of 45 rupees will be incurred from the day the goods arrive;
South Africa: Customs clearance takes a long time, and high-value goods with a declared value of USD60 or more and electronic products will be detained for inspection and a commercial invoice must be provided. Pairs of finished shoes are not accepted and must be punched or cut;
Bangladesh : All packages must be cleared by the recipient themselves or a service provider authorized to confirm the customs clearance fee can clear customs on their behalf, and import duties will be incurred.
(2) Tax-free certificate
Thailand, Malaysia : If the recipient holds a tax-free certificate and needs to apply for tax-free import, it must be clearly marked on the delivery list (preferably it should be marked on the waybill at the same time) and must be clearly marked on the waybill. Before the shipment, clearly notify the freight forwarder to handle it so that the local area can be notified of relevant matters.
(3) Free Trade Zone
Malaysia: Customs can only arrange special car delivery, which will incur additional costs;
United Arab Emirates : For Jebel Ali-Free Zone, Dubai Airport-Free Zone, etc. must be accompanied by the original invoice with the sender's header and stamp. For packages above
10KG, an additional fee of 20AED (approximately RMB40) will be charged before delivery can be delivered after purchasing a bill of lading certificate (there is no private package delivery service in the UAE Free Trade Zone) .
If you think the articles we have compiled are helpful to you, please click the red "Follow" us above, thank you!
If you have any questions or want us to post something, please leave a message below. Your "follow" and message are the best encouragement to us! Thanks!
