Consumption Tax And Tax Saving Strategy For Imported Goods

In accordance with the relevant regulations of the Provisional Regulations of the People's Republic of China on consumption tax promulgated by the State Council, from January 1, 1994 onwards, the import goods are levied on the collection of product tax, value-added tax, industrial and commercial consolidated tax and special consumption tax to be added value added tax and consumption tax.

The consumption tax shall be paid to the goods declared to enter the People's Republic of China customs territory.

The consignee of the imported goods or the units and individuals that go through the customs formalities shall be the taxpayers of the import goods consumption tax.

In the course of actual implementation, the Customs has imposed a consumption tax on imported goods in accordance with the customs manual on import and export duties and import duties.

Through the import tariff (tax rate) table, we can see that the taxable differential tax rate of up to 45% of the consumption tax determines that the tax planning of its enterprises occupies an important position. Especially with the in-depth development of reform and opening up, people's living standards have greatly improved, and the consumption level tends to be internationalized. Therefore, the demand for imported consumer goods is growing.

The composition tax rate is (= duty paid duty + customs duty) / (1 consumption tax rate). The tax payable shall be composed of the taxable price, the consumption tax rate and the tax rate. If we plan to save taxes from the motive of paying less taxes, because the consumption tax rate is specific to the specific imported consumer goods, we can only plan the elements in the formula.

Therefore, as long as we can reduce the molecule, we can reduce the taxable price and reduce the taxable amount to achieve the purpose of saving taxes.

In addition, according to the tax law, if the following circumstances exist, it should be taxed at the highest rate of the applicable tax rate.

(1) when taxpayers are engaged in taxable consumer goods with different tax rates, that is, when they import and produce taxable consumer goods above two types of tax rates, they shall separately calculate the import volume (Sales) or sales volume of taxable imported consumer goods with different tax rates, and can not be accounted for separately. They shall be taxed at the highest tax rate. (2) taxpayers have not taxed taxable consumer goods and non taxable consumer goods, and taxable consumer goods with different tax rates at the highest rate respectively.

For example, when a foreign trade company imports cosmetics, it imports skin care and hair care products at the same time. If it does not separate accounting, it will be taxed according to the highest rate of 30% of cosmetics. This increases the tax burden of imported skin care products. If the company imports cosmetics and skin care and hair care products into import packages, the consumption tax will be paid on the basis of the total consumer goods and the highest tax rate of 30%.

This tells us that when importing customs declaration, we must pay attention to the combination of imported consumer goods.

Otherwise, it will probably bring you extra tax burden.

Wei