Today we discuss an the implications of taxes and duties when you are importing goods into China Import duty and taxes are due when importing goods into China and this is extremley topic to consider and have a thourough understanding of when planning to do business in China
China does not have a national sales tax on retail items like other countries and so it imposes import duties value added taxes and consumption taxes These duties can be very large and require large upfront capital outlays
Wine Example
Customs Duty 14 14 of the CIF x
VAT 17 CIF Customs Duty × 17
Consumption Tax 10 [ CIF Customs Duty 1-10 ] × 10
Tim Nybo Nick Ramil
The Elevator Online Resource To Entrepreneurship in China
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