IC Tariff and VAT Issues
For the import of integrated circuit components and their parts originating from Hong Kong and South Korea, they shall be classified under the corresponding tariff numbers from 85421000 to 85429000 according to their manufacturing processes and specifications. The MFN (Most Favored Nation) tariff rate is 0%, and the import VAT (Value Added Tax) rate is 17%.
If importing integrated circuits specifically used for camera equipment, they should be classified under the tariff numbers for camera equipment or its parts. For the import of integrated circuit components and their parts originating from Hong Kong and South Korea, they shall be classified under the corresponding tariff numbers from 85421000 to 85429000 according to their manufacturing processes and specifications. For express imports from Hong Kong, the MFN tariff rate is 0%, and the import VAT rate is 17%.
If importing integrated circuits specifically used for camera equipment, they should be classified under the tariff numbers for camera equipment or its parts, with a tariff rate ranging from 0% to 12%, depending on the specific tariff number declared at the time of import.
Haisheng International Freight Forwarding Co., Ltd. specializes in tax-inclusive imports from Hong Kong/general trade imports (the largest express import company at Shenzhen Airport).
Four Advantages:
1). Fast delivery time.
2). Strong customs clearance capability.
3). Excellent service.
4). Stable cargo handling.
Mr. Liu Andy
Phone: 13723492344
QQ: 2277077741
TEL: 0755-29954434 ext. 856
Email: [email protected]
MSN: [email protected]
Website: www.hschina.net
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