How to Pay Taxes for Import and Re-export Trade? Teach Me Quickly!

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Our company plans to develop import and re-export trade business, and we haven't dealt with this before, so we are not very clear about the tax payment situation. We would like to understand the specific requirements for tax payment in import and re-export trade. For example, what tax types are involved, what are the approximate tax rates, and are there any preferential policies? We hope knowledgeable friends can explain in detail, so that we can have a clear idea and make relevant preparations in advance.
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The tax payment situation for import and re-export trade is relatively complex. Generally, it mainly involves tax types such as customs duties and value-added tax. Regarding customs duties, different commodities have different tax rates, which depend on the commodity's HS code, etc. Their purpose is to protect the domestic industry and regulate import and export trade. Value-added tax is usually 13%, calculated based on the value-added amount of the re-exported goods.

However, in re-export trade, if the goods do not enter the domestic customs territory and are only transited through a third-party port, it does not involve the import stage of the domestic country, and import customs duties and import value-added tax will not be levied.

For some special areas, such as bonded zones, there may be specific preferential policies. Goods entering bonded zones may not need to pay import customs duties and value-added tax temporarily, and will be taxed according to regulations when they are sold out of the zone. However, specific policies vary by region, and local customs and tax authorities' regulations need to be followed.

References: The Covert War of Transshipment Trade: Who Controls the Global Flow of Goods?

If the goods in import and re-export trade actually enter the country, in addition to customs duties and value-added tax, consumption tax may also be involved, such as for specific consumer goods like tobacco, alcohol, and cosmetics. The consumption tax rates vary greatly depending on the commodity; for example, the consumption tax rate for tobacco is relatively high.

If goods are circulated in bonded port areas for re-export trade, there will be tax advantages. For storage, processing, and trading of goods within the port area, customs duties and import stage taxes can enjoy some reduction, exemption, or deferral policies, which will reduce the financial pressure on enterprises.

In tax declaration, attention should be paid to truthfully declaring commodity information, prices, etc. to customs and tax authorities according to regulations. Once the declaration is false, penalties may be imposed. It is also important to keep relevant transaction vouchers, transportation documents, etc. for inspection.

Regarding preferential policies, some regions provide certain tax rebates or subsidies to qualified enterprises to encourage the development of re-export trade. Enterprises can pay attention to the relevant policy documents issued by the local government to see if they meet the conditions for application.

In import and re-export trade, if intellectual property related goods are involved, there may also be intellectual property customs filing and related tax issues. Enterprises should make advance planning and declarations for intellectual property.

Different trade methods, such as general trade re-export and processing trade re-export, have different tax payment details. Processing trade re-export may have different tax treatments for imported raw materials, and attention should be paid to the distinction.

When enterprises engage in import and re-export trade tax payments, exchange rate fluctuations may also affect tax calculations. Especially for settlement in foreign currencies, the tax amount should be converted to RMB at the prescribed central parity rate, and attention to exchange rate changes can avoid additional costs.

Enterprises can hire professional tax consultants who are familiar with import and re-export trade tax policies. They can help accurately calculate taxes, rationally plan taxes, and avoid tax risks.

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