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Import duty and tax

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Submitted by Stone on Fri, 09/20/2013 - 12:17

In general, import duty is a tax that the importer has to pay to bring foreign goods into his or her country. Import VAT (Value Added Tax) is a tax charged on imported goods and services.

Duty and VAT are calculated as a percentage of the value of the imported goods, consisting of the product value and the freight & insurance costs.

Import duty rates vary depending on the type of goods; many goods are duty free. Relief from duty and VAT may apply in special cases. Also, in some cases additional duties may be charged, depending of the country of manufacture of the goods.

How to work out import duty & VAT

When importing an item, you may be charged import duty and VAT.

The import duty is calculated as a percentage of the customs value of the goods.

The customs value is made up of:
+ the price paid for the goods (sales tax included);
+ the insurance cost;
+ the shipping cost.

The VAT is calculated as a percentage of the customs value plus the duty paid. Certain minimum thresholds apply, below which no import duty or VAT is due. Also some items are duty free or have reduced VAT rates.

Who is responsible for the payment of import duty and VAT?

The recipient of the goods is responsible for the payment of duties and taxes, unless the invoice specifies that a third party should be billed.

The shipping provider will normally pay the duty and VAT taxes to Customs on behalf of the recipient, and will often charge an advancement fee for providing this service.

In most cases the courier will not release the shipment to the recipient until their charges and any taxes due have been collected.

Will there be any extra charges from the shipping provider?

Additional charges will vary from company to company, however the shipping provider may charge:

a customs clearance fee, or customs handling fee for processing the import declaration
an advancement fee for paying the duty and VAT on behalf of the recipient
an airline handling fee for loading and unloading the goods
a security fee for screening or x-raying the goods

(Source: DutyCalculator)

HS codes & duty rates for Fashion jewelry

Import to country

HS commodity code

MFN duty rate

Sales tax

Additional duties & taxes

Argentina

7117.19.00000P

18%

0%

 

Australia

7117.19.0029

5%

10%

Customs Service Fee (AU$55.20)

Austria

7117.19.0090

4%

20%

 

Bahrain

7117.19.00

5%

0%

Supplementary Duty (SD) (20% CIFD)

Bangladesh

7117.19.00

25%

15%

Regulatory Duty (RD) (5% (CIFD + Supplementary Duty (SD)))

Advance Trade VAT (4% CIFD)

AIT(Advance Income Tax) (5% CIFD)

Belgium

7117.19.0090

4%

21%

 

Brazil

7117.19.00

18%

17%

Airport fee (50% (Storage fee + Handling fee))

Storage fee (1% CIFD)

Handling fee (US$0.015 per KG)

Declaration fee (BRL30.00)

IPI (12% CIF)

PIS PASEP COFINS tax (9.25% (CIF / (1 - 9.25)))

Bulgaria

7117.19.0090

4%

20%

 

Canada

7117.19.9000

9%

Depends on province

Excise (4%)

Chile

7117.19.90

6%

19%

 

China

7117.19.00

17%

17%

 

Colombia

7117.19.0000

15%

16%

 

Costa Rica

7117.19.0090

14%

13%

Golfito Tax (Tourism development tax) (18% CIFD)

Law 6946 (National Emergency Law) (1% CIFD)

Croatia

7117.19.0090

4%

25%

 

Cyprus

7117.19.0090

4%

18%

 

Czech Republic

7117.19.0090

4%

21%

 

Denmark

7117.19.0090

4%

25%

 

Dominican Republic

7117.19.00

20%

18%

Luxury tax (20% CIF)

Exchange Surcharge (13% CIF)

Ecuador

7117.19.0000

30%

12%

FodInfa (Children development fund) (0.5% CIF)

Egypt

7117.19.90

30%

10%

 

Estonia

7117.19.0090

4%

20%

 

Finland

7117.19.0090

4%

24%

 

France

7117.19.0090

4%

20%

 

Germany

7117.19.0090

4%

19%

 

Greece

7117.19.0090

4%

23%

 

Guatemala

7117.19.00

15%

12%

 

Hong Kong

7117.19.00

0%

0%

 

Hungary

7117.19.0090

4%

27%

 

India

7117.19.90

10%

0%

Landing charges (1% CIF)

Countervailing duty (6% (CIFD + Landing charges))

Additional Countervailing Duty (4% (Duty + Landing charges + Countervailing duty))

Indonesia

7117.19.9000

10%

10%

Income tax (7.5% CIFD)

 

Ireland

7117.19.0090

4%

23%

 

Israel

7117.19.90

8%

18%

Import port fee (50.31Import port fee, weight more 50 kg per shipment)

Italy

7117.19.0090

4%

21%

 

Japan

7117.19.0905

4%

5%

LVS (5%)

Jordan

7117.19.00

30%

16%

 

Kuwait

7117.19.00

5%

0%

 

Latvia

7117.19.0090

4%

21%

 

Lithuania

7117.19.0090

4%

21%

 

Luxembourg

7117.19.0090

4%

15%

 

Macau

7117.19.00

0%

0%

 

Malaysia

7117.19.000

0%

0%

 

Malta

7117.19.0090

4%

18%

 

Mexico

7117.19.99

15%

16%

DTA (0.8% CIFD)

Morocco

7117.19.0000

3%

20%

Parafiscal tax (0.25% CIF)

Netherlands

7117.19.0090

4%

21%

 

New Zealand

7117.19.0009J

5%

15%

Import entry transaction fee (NZ$38.07)

Nigeria

7117.19.0000

20%

5%

 

Norway

7117.19.00

0%

25%

 

Oman

7117.19.00

5%

0%

 

Pakistan

7117.19.00

10%

0%

 

Panama

7117.19.00

10%

7%

 

Peru

7117.19.0000

6%

16%

Excise (0%)

Municipal tax (2% (CIFD + Excise + Tariff surcharge))

Philippines

7117.19.20

10%

12%

 

Poland

7117.19.0090

4%

23%

 

Portugal

7117.19.0090

4%

23%

 

Qatar

7117.19.00

5%

0%

 

Romania

7117.19.0090

4%

24%

 

Russian Federation

7117.19.0000

15%, subject to minimum of €4.00 per kg

18%

 

Saudi Arabia

7117.19.00

5%

0%

 

Singapore

7117.19.20

0%

7%

 

Slovakia

7117.19.0090

4%

20%

 

Slovenia

7117.19.0090

4%

22%

 

South Africa

7117.19.8

20%

14%

 

South Korea

7117.19.9000

0%

10%

 

Spain

7117.19.0090

4%

21%

 

Sri Lanka

7117.19.

0%

0%

PAL (Ports and Airport Levy) (5% CIF)

Sweden

7117.19.0090

4%

25%

 

Switzerland

7117.19.00

0% + CHF233.00 per 100 kg

8%

 

Taiwan (ROC)

7117.19.00005

0%

5%

Trade promotion fee (0.04% CIF)

Thailand

7117.19.20000

20%

7%

 

Turkey

7117.19.009029

4%

18%

 

United Arab Emirates

7117.19.00

5%

0%

 

United Kingdom

7117.19.0090

4%

20%

 

United States

7117.19.9000

11%

Depends on state

Merchandize Processing Fee

Venezuela

7117.19.00

18%

12%

 

Vietnam

7117.19.20

25%

10%

 

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