How to calculate tariffs and value-added tax on imported equipment?

2009-12-07View Original

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How to calculate tariffs and value-added tax on imported equipment?

Reply #22009-12-07

The total value-added tax is 17%. The tariff varies according to the classification of the equipment, ranging from 6%, 8%, and 10%. Please consult the customs for details.

Reply #32009-12-07

Give an example: Assume that the CIF price of equipment A is 100W RMB, then the import tariff rate is assumed to be 10%, then the tariff is 100X10%=10. The calculation of value-added tax is: (100+10)X17%=18.7 I don’t know if this is correct?

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