What is the definition of cost in VAT?Should I use selling price or cost for calculation of tax?

Home | Sign in | Join Now

Visit us :

| Help | 中文站

Home > I Want to Ask

member access

Customs Info Services

China Customs Information Integration System

An ETCN newly-launched system of Customs Tariffs & Restrictions infomation integration.

Detail Info Video Demo

√HS Classification
√Regulations & Restrictions
√HS Schedule
√Customs Declaration Norms
√Tariffs & Duties
√China Compulsory Certification
√Landed Cost Calculator
√Anti-Dumping /Anti-Subsidy
√Average Import Price
√Export Tax Rebate

Customs Data Services

China Customs Data Customization

HS Code
Quantity
Unit
Value
Country
Industry
Import/Export
Product Description
Month/Year
Destination/Origin

Statistics Report

Analysis Report

Data Integration Solutions

Supporters

Co-Sponsor

What is the definition of cost in VAT?Should I use selling price or cost for calculation of tax?

What is the definition of cost in VAT? I am going to import to my customer in china. Should I use selling price or cost for calculation of tax?

By

frankie.tsang

20/01/2010

Keywords:

definition ofVAT calculation of tax

2010-01-20

Dear Sir or Madam,

Thanks for your attention to ETCN.

Import duties should be calculated based on the CIF price.

VAT= (CIF price+ import tariff duty)× VAT rate

If you need further information, we highly recommend our chargeable product "China Import Tariff".

This product includes the following 5 useful products：

* HS Code classification

* Calculate Import Tariffs & Duties

* Import Restrictions

* Commodity Average Price

* Export Drawback Rates

If you have any other question, please feel free to contact us.

About Us | Help | Contact Us | ETCN Announcement | Advertise with Us | China Trade | Links | Sitemap

Partners: China Customs | China Customs Statistics | China International E-Commerce | Customs-info

© 2009-2011 ETCN All rights reserved.

ICP No.: Jing090265

京公网安备110105013206号