The Tariff Adjustment Is Warm And The Business Is Concerned About The Change Of Tax Rate.

Since January 1st this year, the state has further adjusted the import and export tax regulations, which will have different effects on Wenzhou enterprises.

Wenzhou Customs recently reminded relevant enterprises to pay close attention to new changes in tax rates, and declare truthfully in the declaration of import and export so as to avoid false reporting and concealment because of ignorance.

According to introducing, this adjustment is mainly aimed at the current situation of excessive trade surplus in our country, reducing the import tax rate of some commodities again, increasing and improving the provisional tariff of some products, and adjusting the tariff list of some commodities.

On the import side, the most favored nation tax rate for polyethylene particles such as polyethylene, polyvinyl chloride (PVC) and other plastic particles decreased from 7.6% to 6.5% in the country. In addition, imports of plastic products such as polyethylene, polystyrene, acrylonitrile butadiene styrene (ABS) from the Asia Pacific Trade Agreement countries enjoyed a higher preferential tax rate. This will help our relevant industries to reduce the cost of imported raw materials.

For some enterprises, this is good news.

On the export side, in order to limit the export of energy products, the new import and export tariff has implemented or raised the export provisional tax rate for 333 products, including coke, metal products and steel products. Among them, the export tax rate of some items of tax items increased from 5% to 15%, which will affect the export of steel products in Wenzhou, which will bring pressure to the related enterprises.

In particular, the customs should remind Wenzhou shoe companies to pay attention to leather shoes with shoe upper (tariff list of 6403).

Related enterprises should pay attention to the import and export declaration and processing trade manual when filing. The tariff code catalog 6403 adds "classification according to the length of the bottom of the shoe", and the enterprise should declare it faithfully.

In addition, like stainless steel plates, copper products, and some communication equipment, the tax items are adjusted accordingly.