According to the national tariff policy and relevant laws and regulations, the customs has the right to levy tariffs on some imported and exported goods, which is a turnover tax. Tariffs have three very significant characteristics: gratuitous, mandatory, and predetermined.
my country’s Customs Law stipulates that the consignee and consignor of imported and exported goods and the owner of inbound and outbound goods are the taxpayers of tariffs. It also stipulates that enterprises with the right to engage in import and export business and customs declaration enterprises approved for registration by the customs are also statutory taxpayers.
The purpose of my country’s customs to levy export tariffs is to regulate the excessive and disorderly export of certain commodities, avoid the disorderly export of important resources and raw materials in our country, and help protect the national economy and manage foreign trade.
At present, there are two types of export tariffs levied in my country: ad valorem tax and specific tax. Salesmen should have a basic understanding of the amount, type and calculation method of tariffs to be paid in order to improve customs clearance efficiency.
1. Ad valorem tax
The tariff calculated according to the price of imported and exported goods is ad valorem tax. The price mentioned here is not the transaction price of the goods, but the tax-paid price.
Amount of export tariff payable = Dutiable price of export goods x Export tariff rate
Dutiable price of export goods = FOB price – Export tariff
Dutiable price of export goods = FOB price ÷ (1 + Export tariff rate)
2. Specific tax
The tariff that calculates the tax according to the measurement unit of the imported and exported goods is specific tax. This tariff calculation is relatively simple, and the tax amount will not change with the change of commodity prices.
Amount of export tariff payable = Quantity of goods x Unit tax
my country’s customs regulations: taxpayers should pay taxes within 7 days after the customs makes a collection decision, and statutory holidays and weekends are not counted as days. Once the taxpayer fails to pay the tax within the time limit, it constitutes a tariff arrears, and the customs will impose a late payment fee on the taxpayer. The specific amount is determined by the number of days overdue, and the calculation formula is as follows:
Tariff late payment fee amount = overdue tariff amount x late payment fee collection rate x number of days overdue
The payment of tariffs is not only related to whether the export goods can be effectively cleared and whether the company’s business can be successfully completed, but also a powerful means to protect the domestic economy, stabilize the market, and increase fiscal revenue. Therefore, salesmen should pay taxes in time during the tariff payment period to avoid being charged late payment fees.