x Many private, import -export enterprises do not understand the role, concept, regulations, classification of tariff taxes, ...?
X Business you wonder why it is necessary to pay Tariff import tax?
X your import -export business wants to know what component Tariff includes?
Proship.vn we will help you understand what Tariff's term is? What is Duty in import and export? What is the role of import tax? What are the Tariff charges?
What is Tariff's term? What types of tariff are there?
Want to better understand the Tariff term and popular tariff types, and Proship read the following content:
Tariff concept, Duty in import and export
What is Tariff? Tariff means import tax or tariff. The tax that a country or territory applies to goods imported from abroad.
When the vehicle is transported to the border gate, the customs officers will check the goods and calculate the amount of tax payment based on the declaration information in the customs declaration and according to the available regulations.
You already know what import tax is. So, what is Duty in import and export? Duty is an import tax indicator (Imports Duty), meaning that the tax on goods bought from another country brought back.
Tariff import tax classification
Tariff imported import taxes:
According to the calculation method:
- AD Valorem Tariff (AD Valorem Tariff);
- SPECific Tariff.
According to the tax rate:
- Preferential tax rates;
- Special preferential tax rates;
- Normal tax rate.
According to the purpose of taxing:
- Tariffs increase budget revenue;
- Protection tariffs;
- Prohibited tariffs.
Tariff's role in goods export
What is Tariff that has been answered, so what is the reason to submit Tariff? Because Tariff plays an important role in import and export, strongly affecting import and export activities and domestic economic development. Specifically, the role of Tariff:
Protect the domestic manufacturing industry
Tariff helps reduce competitive pressure from cheap imports, encourages domestic production and maintains jobs for domestic workers.
Increase budget revenue
Tariff is a stable source of revenue for the national budget, helping the State have more finance to invest in other important areas such as education, health and infrastructure.
Clearly define responsibilities and benefits
In the Tariff fee schedule, the responsibilities and interests of the parties in the process of transporting goods, thereby helping to create transparency and ensure the parties comply with the law.
International trade adjustment
The government can use Tariff to adjust the amount of goods imported into the domestic market, limiting the goods that adversely affect the economy or public health.
Contribute to promoting economic growth
When protecting key industries, Tariff contributes to stability and promoting economic growth, helping domestic industries to grow stronger.
What are the Tariff charges?
The Tariff fee schedule is a detailed document on the rates and the unit applied to each type of goods and regulations related to the charges of transportation and import of domestic goods. So, what are the components in the Tariff fee schedule? That is:
Rates
Tariff fee schedule provides details of the rates of each type of goods and transportation services, determined based on weight, size, means of transport, distance and other related factors.
Surcharge and conditions
The fee schedule also includes surcharges such as port surcharges, insurance, loading and unloading and handling special goods, and special conditions related to transportation.
Calculation unit
Fee schedule lists specialized measurement units used to calculate charges for each type of goods such as tons, containers, volume M3, ...
Effect and change
Information about the application time, processes and procedures for changing, updating the fee schedule should be clearly stated.
Regulations and terms
Regarding shipping charges, including payment, delivery time, responsibility of the shipping and shipping, as well as the compensation conditions, detailed in the fee schedule.
Application time and validity
The time for applying the rates and other terms is clearly stated in the fee schedule, helping users to understand the effectiveness of the fee schedule in a specific time period.
Special condition
Special requirements on packaging, storage and handling of goods, as well as industry conditions and requirements from the shipper, are specified in the fee schedule.
What effect does Tariff affect the price of goods?
Proship has helped you understand what Duty is in import and export, what is Tariff, what is import tax. So, does Tariff have any effect on the price of goods on the market? Here are the main effects:
Increase goods prices
Regarding goods price increase, Tariff influences:
- Production cost:
Tariffs can increase the cost of input materials for domestic manufacturers, leading to the fact that they have to raise the final product price to compensate for costs.
- Domestic prices increased:
When a country applies tariffs on imported goods, the price of these items usually increases compared to global prices. This happens because importers will transfer tax burdens to consumers by increasing retail prices.
Affect global trade
Regarding global trade, Tariff affects:
- Supply chain interruption:
The application of tariffs causes disruption in the global supply chain, affecting the price and supply of many different types of goods.
Trade tensions among major countries have clearly shown this when the price of many basic items fluctuates strongly due to tariff decisions.
Reduce competitiveness
About reducing competitiveness, Tariff affects:
- Import shift:
When the price of goods is imposed on taxes, importers can search for supply from countries that are not taxed, reducing the competitiveness of domestic goods. This can reduce export turnover and market share for domestic businesses.
Long -term impact
Regarding long -term impact, Tariff affects:
- Change of commercial model:
The change in price due to tariffs can lead to changing the trade model among countries. Countries may have to adjust export and import strategies to adapt to these changes.
Above are related terms such as Tariff , what is import tax, what duty is in import and export, the components of Tariff fee schedule, ... as well as the role of Tariff in import and export activities. Any questions related to tax rates, fees, surcharges, kbhq, goods clearance, ... Contact 0909 344 247 for answers and direct advice on cheap multimodal shipping services.
