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Specific Methods And Changes Of Imported Cotton Quasi Tax In 2014

2013/12/20 8:48:00 25

Cotton Slip Tax In 2014

recently, the Ministry of Finance announced the implementation plan of < a href= "http://www.91se91.com/news/index_q.asp" > tariff < /a > in 2014, decided to continue to implement the sliding tax on a certain quantity of cotton imported from the tariff quota, and appropriately adjusted the relevant formula parameters, and the applicable tax rate has been raised. 
 1. 2014, the specific way and change of import cotton sliding quasi tax 
 1. when the duty paid price of imported cotton is higher than or equal to 15 yuan / kg, the provisional tax rate is 0.570 yuan / kg; 
 2. when the duty paid price of imported cotton is less than 15 yuan / kg, the provisional ad valorem duty rate is calculated as follows: 
 Ri=9.337/Pi +2.77% * Pi -1 (Ri<=40%) 
 > .
 Ri- provisional ad valorem tax rate, the upper formula calculation results after the decimal fourth, four, five to retain the top 3; 
 Pi- customs duty paid, the unit is RMB / kg. 
 there are three revisions to this plan compared with 2013: first, increase the provisional tax threshold from 14 yuan / kg to 15 yuan / kg; two, adjust the constant 8.87 of the formula to 9.337; three adjust the constant 2.908% to 2.77%. 
 strong > two, import a href= "http://www.91se91.com/news/index_c.asp" > strong > cotton > /strong > /a > strong > price calculation < > > > > > > > > > strong >
 1, calculation method 
 dutiable price Pi (yuan / kg) = outer cotton quotation (cent / pound) x 0.0220462 * exchange rate 
: 1 cents / pound =0.0220462 USD / kg 
 import cotton price after tax = duty paid price x 1000 x (1+ tariff rate) x (1+ value-added tax) + port charges 
 > value-added tax rate =13% 
 port cost =200 yuan / ton 
 2, calculation example .
 the exchange rate is calculated at US $1 =6.1305 yuan (customs import and export tariff exchange rate in December 2013). 
 1: if the price of cotton is 57 cents / pound 
 duty paid price (Pi) =57 * 0.0220462 * 6.1305=7.704 yuan / kg 
 calculated according to the sliding quasi tax plan in 2014: 
 because of 7.704 yuan / kg <15.000 yuan / kg, the provisional tariff rate is .
 Ri=9.337/Pi+2.77% * Pi-1 
 = 9.337/7.704+ 2.77% * 7.704-1 
 =42.5% 
 42.5%>40.0%, so the highest tax rate is 40%. 
 import cotton price after tax =7.704 * 1000 x (1+40.0%) x (1+13%) +200=12387 yuan / T 
 calculated according to the sliding quasi tax plan in 2013: 
 because of 7.704 yuan / kg <14.000 yuan / kg, the provisional tariff rate is .
 Ri=8.87/Pi+2.908% * Pi-1 
 = 8.87/7.704+ 2.908% * 7.704-1 
 =37.5% 
 import cotton price after tax =7.704 * 1000 x (1+37.5%) x (1+13%) +200=12173 yuan / T 
 the new scheme is 214 yuan / ton higher than the old one. 
 2: if the price of cotton is 93 cents / pound 
 duty paid price (Pi) =93 * 0.0220462 x 6.1305 =12.569 yuan / kg 
 calculated according to the sliding quasi tax plan in 2014: 
 because of 12.569 yuan / kg <15.000 yuan / kg, the provisional tariff rate is .
 Ri=9.337/Pi+2.77% * Pi-1 
 = 9.337/12.569+ 2.77% * 12.569-1 
 =9.1% 
 import cotton price after tax =12.569 * 1000 x (1+9.1%) x (1+13%) +200=15696 yuan / T 
 calculated according to the sliding quasi tax plan in 2013: 
 because of 12.569 yuan / kg <14.000 yuan / kg, the provisional tariff rate is .
 Ri=8.87/Pi+2.908% * Pi-1 
 = 8.87/12.569+ 2.908% * 12.569-1 
 =7.1% 
 import cotton price after tax =12.569 * 1000 x (1+7.1%) x (1+13%) +200=15415 yuan / T 
 the new scheme is 281 yuan / ton higher than the old one. 
 3: if the price of cotton is 105 cents / pound 
 duty paid price (Pi) =105 * 0.0220462 * 6.1305=14.191 yuan / kg 
 calculated according to the sliding quasi tax plan in 2014: 
 because of 14.191 yuan / kg <15.000 yuan / kg, the provisional tariff rate is .
 Ri=9.337/Pi+2.77% * Pi-1 
 = 9.337/14.191+ 2.77% * 14.191-1 
 =5.1% 
 import cotton price after tax =14.191 * 1000 x (1+5.1%) x (1+13%) +200=17055 yuan / T 
 calculated according to the sliding quasi tax plan in 2013: 
 because of 14.191 yuan / kg >14.000 yuan / kg, the provisional tax rate is 0.570 yuan / kg .
 import cotton price after tax = (14.191+0.570) x 1000 x (1+13%) +200=16880 yuan / ton 
 the new scheme is 174 yuan / ton higher than the old one. 
 case 4:55.5 cents / lb below, 111 cents / pound tax rate is the same, 40% duty and 0.570 yuan / kilogram tax respectively, the old and old sliding price is exactly the same after tax. 
 three, new and old sliding quasi tax plan analysis chart 
 .
< center > < img border= "0" alt= "" align= "center" src= "/uploadimages/201312/20/20131220090520_sj.JPG" / > /center >
 .
 from the view of the old and old sliding quasi tax rates, the tax rate of 55.5 cents / pound or below 111 cents / pound is the same, 40% duty and 0.570 yuan / kilogram tax respectively, but the 0.570 yuan / kilogram tax volume and 40% tariff start point plan are all less than the 2014 plan; the 2014 sliding rate of 55.5-111 cents / pound is higher than that of 2013 sliding rate; 58.5 cents / pound (2014 tax 40% tax threshold) time difference reaches the maximum, 4.8 percentage points, and then the gap is narrowing gradually. 
 .
< center > < img border= "0" align= "center" alt= "" src= "/uploadimages/201312/20/20131220090545_sj.JPG" / "> /center >
 .
 from the price after tax, after the 55.5 cents / pound before and 111 cents / pound, the old and old sliding price is exactly the same after tax; the difference is the largest at 58.5 cents / pound (the 40% threshold of 2014 plan), reaching 431 yuan / ton. It can be seen that the higher the price of the enterprise < a href= "http://www.91se91.com/news/index_s.asp" > Import < /a > the higher the cotton grade, the smaller the impact of tax adjustment.