TYPES OF DUTIES FOR GOODS FROM CHINA:
HOW TO REDUCE OR AVOID THEM
Emergent entrepreneurs are increasingly looking at Chinese production. Export of popular goods from the Celestial Empire and their sale in Russia brings good income, so cooperation with partners from China is developing at a rapid pace.
In every kind of business, there are its pitfalls, and trade deals with Chinese enterprises are no exception. Knowledge of the customs legislation of both countries solves one of these problems. It is a question of calculating duties on goods from the Celestial Empire.
WHICH PRODUCTS ARE THE DUTIES IMPOSED ON?
THE CUSTOMS OFFICERS ARE GUIDED BY THE FOLLOWING:
It is enough to look at the list of products to understand what purposes it is intended for (household, personal).
If an entrepreneur imports the same product several times, then it makes sense to attribute it to the items intended for sale.
30 kg of jewellery or pendants on phones are unlikely to be intended for one person.
THE CUSTOMS LEGISLATION OF CHINA ALSO ASSUMES DUTIES ON GOODS EXPORTED FROM CHINA AND VAT. AT THE CHINESE CUSTOMS, THE TAX AMOUNT IS CALCULATED ON THE BASIS OF THE TOTAL COST OF CARGO. SAMPLES OF GOODS, DEFECTIVE ARTICLES AND ADVERTISING MATERIALS ARE NOT TAXED.
DUTY AMOUNT ON CARGO FROM CHINA
THERE ARE 3 WAYS TO CALCULATE DUTIES:
If the cargo weight is more than 31 kg, the "extra" kilograms are multiplied by 4 Euros. This will be the amount of the duty.
If the cargo value is above 1,000 Euros, the difference is deducted from it and the duty of 30% is imposed.
In case of exceeding of both indicators, the duties are calculated separately by weight or cost, and the biggest one must be paid.
Oversized equipment or expensive appliances are subject to duties that are calculated differently. This requires knowledge of the product code. It can be found on the official website of the Eurasian Commission, and then the duty, excise and tax of 18% are charged on the total value of goods.
POSSIBILITIES TO AVOID DUTIES:
TIPS FOR ENTREPRENEURS
It is not recommended to bypass customs taxes, but there are legal ways to avoid them:
- WAY
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Method 1 Big order can be divided into few small ones and titled in the name of relatives/friends.
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Method 2 Help of intermediaries who themselves will be able to export goods for a certain fee.
The second method guarantees to reduce the customs fees for entrepreneurs, if he/she contacts 4YOU GLOBAL. The company's personnel includes specialists who accompany business transactions for more than 8 years and perfectly know the customs laws of Russia and China, as well as any changes in them.