When cross-border e-commerce companies do cross-border imports, they need to calculate product taxes. How to calculate import taxes is a problem that has always troubled cross-border e-commerce companies. With the continuous development of the cross-border e-commerce industry, tax regulatory authorities in various countries have become more and more strict in tax management of cross-border e-commerce. The relevant information on import tax calculation has been compiled below, hoping to help cross-border e-commerce sellers. Solve the problem of how to calculate import taxes.
1. Basic knowledge.
1. Tax type.
(1) General trade: consumption tax + import value-added tax + consumption tax = tax.
(2) CC: Postal tax is exempted if the tax amount is less than 50 yuan.
(3) BC/BBC: (Import value-added tax + consumption tax)*70%+tariff*0.
2. Price type.
(1) Sales price including tax – inclusive price + insurance price + freight = tax base price = tax + duty-paid price.
(2) Sales price excluding tax – inclusive price + insurance price + freight = tax base price = duty-paid price.
Note: Goods sold at a tax-inclusive price need to calculate the tax based on the tax-inclusive price, and finally submit the duty-paid price for customs use.
2. Tax calculation.
1. Tax calculation of general trade tax.
The sum of consumption tax, customs duties and import value-added tax is equal to the general trade tax.
2. Formulas for various types of taxes.
(1) May include tariffs at ordinary rates, provisional rates, and most-favored-nation rates.
Calculation formula: Tariff = Tariff rate * Dutiable price.
Applicable tax rate: Duty-paid tax rate; imported products with MFN tax rate need to subtract the provisional tax rate if they have a tentative tax rate; products with MFN tax rate need to subtract the MFN tax rate.
(2) Consumption tax.
Calculation formula: consumption tax = ad valorem consumption tax = sales * proportional tax rate = (tariff + duty-paid price) / consumption tax proportional tax rate * (1 – consumption tax proportional tax rate).
Applicable tax rate: determined based on the declared unit price and HS code.
(3) Value-added tax.
Calculation formula: VAT = VAT rate * (tariff + consumption tax + duty-paid price).
Applicable tax rate: determined based on the hscode of imported goods: 13% – applicable to most products sold on the platform; 9% – applicable to some agricultural products; 3% – applicable to some pharmaceuticals; Zero percent – family planning products.
Cross-border e-commerce sellers need to strictly abide by the relevant local tax laws and regulations, and consciously pay taxes and declare taxes to the local tax authorities in accordance with relevant regulations. The above collection of relevant information on how cross-border e-commerce sellers calculate import taxes is hoped to help cross-border e-commerce sellers learn how to calculate import taxes and maintain good tax records.