1. At the time of customs declaration, the customs declaration officer shall fill in the declared goods name and the tax return number on the application form of the customs declaration form.
2. After the customs review, the import duties and the value-added tax receivable shall be calculated according to the tax rate corresponding to the tax number.
The customs tax includes two parts: 1. Import duty 2. Value-added tax, for example: importing a certain machine worth 10,000 US dollars. The machine is based on customs tariff, the tax number is 84131100. The import duty rate is 12%. The tax rate is 17%. How much tax does it cost to import this machine? First, the Customs converts the declared foreign exchange into RMB based on the exchange rate on the day of the date when the Customs-specific payment is issued. The exchange rate on December 2, 1999 was USD1=RMB8.2785000, so the import price of this $10,000 machine was 82,785 yuan, which is also the “duty-paid price†for calculating import tariffs.
Tax amount of import tariff = duty-paid value of import tariff x import tariff rate = 82,785x12% = 9,934.20 yuan While collecting import duties, the customs also collects value-added tax. The VAT rate of this machine is 17%.
Please note that the VAT to be paid is not 82,785x17%, because the duty-paid value of VAT is not the duty-paid price of import duties.
The duty-paid value of the VAT on behalf of the value-added tax = the duty-paid price of the import tariff + the tax amount of the import tariff = 82,785 + 9,934.20 = 92,719 yuan.
The amount of tax on the value-added tax = the duty-paid value of the value-added tax x the value-added tax rate = 92,719x17% = 15,762.23 yuan. Therefore, the total amount of tax to be paid for importing this machine = 9,934.20 + 15,762.23 = 25,696.43 yuan.
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