Shenzhen Customs Broker
Customs broker Shenzhen
How to calculate Shenzhen customs broker and/or VAT?
The steps below are a guideline on calculating basic customs broker in shenzhen and/or VAT.
1. CONVERT THE VALUE OF YOUR GOODS INTO GB KG
It sounds easy, but you must ensure that the correct rate of exchange is used. Each month Customs broker in shenzhen issue exchange rates which they will use to convert currencies. Therefore, these are the rates that you must also use.
2. SHIPPING COSTS (DOOR TO DOOR)
A common mistake when calculating shenzhen customs broker and/or VAT is to forget to add ALL the shipping costs connected with you getting your goods. Again, using the same exchange rates on the Customs broker shenzhen website, you need to add any and/or all of the following:
-Collection/Delivery costs from the shipper to the port of export
-The cost of any specialized packaging
-Any additional Insurance taken out to cover your goods during transit.
3. CALCULATING BASIC IMPORT DUTY (if applicable)
Now that you have got your total value of goods (including all the associated shipping costs) in GB kg, you next need to know what percentage of Duty has been allocated by customs broker shenzhen for your particular goods.
-Once there, search for your goods under 'description' and enter the 'country of origin'. This should then allow you to find the commodity code (keep this code as you will need to ensure that your clearing agent uses this on the Customs entry) and the rate of Import Duty that's applicable to your goods.
-Multiply your total value of goods by the shenzhen customs broker This is the approximate amount of Shenzhen customs broker that you would have to pay to Customs broker Shenzhen
4. CALCULATING THE VAT (if applicable)
The rate of VAT in the China currently stands at 17%. So to calculate the VAT, you need to do the following:
-Add the amount of Duty (that you have just calculated) to the total value of your goods (including the shipping costs)
-Add all the China charges, such as Shenzhen customs broker and delivery costs (from port of arrival/Bonded Warehouse through to your door).
-Multiply this total amount by 17% to give an approximate amount of VAT that you would have to pay to customs broker shenzhen
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Shanghai/Beijing/H.K./Shenzhen/Guangzhou/Tianjin/Ningbo/Dongguan