1. Import tax is paid in RMB. If the imported goods are denominated in foreign currency, the customs shall calculate the transaction price in RMB according to the central parity of RMB foreign exchange announced by the State Administration of Foreign Exchange on the date when the tax payment certificate is issued. Foreign currencies not listed in the RMB foreign exchange quotation sheet shall be converted into RMB at the exchange rate determined by the state foreign exchange administration department.
2. The customs value shall be calculated in RMB yuan and rounded to the nearest yuan. After tax payment, the tax shall be calculated to minutes and rounded off as follows.
3. China laws and regulations stipulate that consumption tax is levied on luxury goods, high-end consumer goods, petroleum consumer goods, tobacco and alcohol and other special consumer goods. The highest tax rate is 45% and the lowest is 3%. Therefore, if you buy luxury goods and high-end consumer goods from abroad and return to China, you should check the tax rate in advance to avoid paying a large amount of consumption tax.
Import tariff is the tariff levied by a country's customs on imported goods and articles. Countries no longer use transit tariffs and export taxes are rarely used. The so-called tariffs mainly refer to import tariffs.
Imposing import tariffs will increase the cost of imported goods, raise the market price of imported goods and affect the import quantity of foreign goods. Therefore, all countries regard import tariffs as a means to restrict the import of foreign goods. Proper use of import tariffs can protect domestic industrial and agricultural production, and can also be used as an economic lever to regulate domestic production and economic development.
References:
Baidu encyclopedia-import tariff