What taxes should be paid on domestic and imported goods?
There are two main taxes to buy domestic yachts, one is purchase tax, one is 10% tax;
Buying imported yachts, in addition to the above two items, there is a tariff of about 30%- 45%.
1. According to the provisions of Chapter 8903 of China Import and Export Tariff Regulations 2007, the tariff rate of yachts is 30%;
2. Notice of the State Administration of Taxation of the Ministry of Finance on adjusting and improving the consumption tax Policy Fiscal [2006] No. 33 stipulates: The tax rate of yacht consumption is 10%;
3. The value-added tax rate of yacht import is 17%.
4. The relevant taxes paid by imported yachts are:
Customs = customs value/(1-10%) * 30% consumption tax = Customs value/(1-10%) * 10% value-added tax = [customs value/(1-10%) + customs duty] * 17% customs value is the CIF price based on the normal transaction price approved by the customs.
Including (1) commissions and brokerage fees in addition to the purchase commission borne by the Buyer;
(2) charges borne by the Buyer for containers which are considered to be integrated with the goods in the examination and determination of the customs value;
(3) The costs of packing materials and packing services borne by the buyer;
(4) In connection with the production and sale of the goods to the People’s Republic of China, the price of parts, tools, moulds, consumable materials and similar goods provided by the buyer free of charge or below cost and apportioned in an appropriate proportion, as well as the cost of overseas development, design and other related services;
(5) royalties in connection with the goods that must be paid by the Buyer as a condition for the sale of the goods to the People’s Republic of China;
(6) Proceeds obtained by the Seller directly or indirectly from the Buyer from resale, disposal or use of the goods after importation.
