Planning to find an agency company to import goods, and want to know what taxes are involved in agency import and the differences in tax payment for different goods. The best answer points out that agency import generally involves customs duties, with the tax rate determined by the HS code and country of origin, calculated as dutiable price × customs duty rate; value-added tax is mostly 13%, calculated as (dutiable price + customs duty) × tax rate; specific goods require consumption tax, with various calculation methods. Different goods have different tax payments due to different HS codes.
What Exactly Is Agency Import? Come and Find Out!
Resolved
I've recently become quite interested in import and export trade, and I often hear the term "agency import," but I don't quite understand what it specifically means. Can anyone explain in simple terms what agency import actually refers to? What aspects does agency import involve in practice? Is it as simple as finding an intermediary to help handle import-related matters?
Trade Expert Insights Answers
Agency import refers to a trade service model where enterprises or individuals with import needs, due to a lack of import qualifications, experience, or resources, entrust a professional agency (such as Zhongmaoda) with relevant qualifications and capabilities, to handle import business on their behalf.
In practical operations, agency import involves multiple stages. Firstly, during the business negotiation phase, the agency assists the importer in discussing terms such as price and delivery date with foreign suppliers. Secondly, it involves handling relevant import procedures, including but not limited to applying for import licenses, customs declarations, and commodity inspections, to ensure that goods legally and compliantly enter the country. Furthermore, it involves logistics and transportation arrangements, where the agency is responsible for transporting goods from abroad to designated locations within the country. Additionally, it includes foreign exchange settlement, where the agency assists the importer in completing foreign payments. In summary, agency import is not simply finding an intermediary for help, but a comprehensive trade service that can make the import process smoother and more efficient.
Simply put, agency import means an importer finds a professional company to help import goods. For example, if an importer doesn't understand customs declaration procedures, the agency can use its experience to handle it, taking care of everything from the goods arriving at the port to being delivered to the importer.
Agency import means a professional agency handles import matters for clients. For instance, if a client lacks import/export rights, the agency can sign contracts and handle customs clearance on their own behalf, and also help find foreign suppliers, making importing more worry-free.
Agency import refers to an import enterprise entrusting its import business to a professional agent. The agent is responsible for sourcing goods internationally, negotiating terms, and also handling issues like transportation and customs duties, saving time and effort for the importing enterprise.
In fact, agency import is about leveraging an agency's resources for importing. Agencies are familiar with international markets and can help importers screen quality suppliers, and are also proficient in various import policies, reducing import hassles.
Agency import means the importer relies on the agency's capabilities to complete imports. Agencies have advantages in logistics, can reasonably arrange transportation routes, reduce transportation costs, and ensure cargo safety.
Agency import means the importer entrusts an agent to handle import challenges. The agent handles document review, ensuring all import documents are accurate, preventing cargo detention due to document issues.
Agency import is a model where importers seek help from agents. Agents can control the quality of various import stages, such as inspecting cargo quality, ensuring imported goods meet domestic requirements.
Agency import means letting an agency act as the "housekeeper" for imports. From overseas procurement to preparation before domestic sales, agencies can be involved, providing one-stop import services.
Agency import means the importer relies on an agency for imports. Agencies can leverage their network to secure better purchasing prices, increasing the importer's profit margins.