part nine customs duty accounting. customs duty definition tariff is determined by the customs...
Post on 21-Dec-2015
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TRANSCRIPT
Customs Duty Definition
• Tariff is determined by the customs according to the related laws, to import and export goods and items as the object of taxation levied a tax on commodities.
Custom characteristics • As independent taxes, duties in addition to
general tax besides the characteristic, also has the following characteristics:
• 1 collection unit for customs
• 2 collection of unity and disposable
• 3 The tax is the import and export of goods and articles
• 4 tariff belongs to the money
The persons obligated to pay customs
duties
• Duty is the consignee of the import goods, the consignor of export goods, the import or export goods of all people.
Tariff tax object • Tariff taxation object is to allow inbound
and outbound goods and articles. Goods refers to the trade of goods; goods refers to trade goods, including inbound passenger carry-on luggage, personal postal articles on various transportation tools, the service personnel carrying imported for personal use items, Gifts Articles and other forms of entry of personal items.
Tariff classification• According to different standards, tariffs can be
divided into different types.• ( a ) according to the tax object classification• Tariffs can be divided into import tariffs, export
tariffs and customs transit.• ( b) according to the standards for classification
of Taxation• Tariffs can be divided into from the amount of
tax, ad valorem tax, tax, tax, selection of composite sliding tax etc..
•c) according to the classified nature of Taxation
•Tariffs can be divided into general tariff, preferential tariff and differential tariff, mainly applicable to the import tariff.
Tariff rate • 1 import tariff
• ( 1) the MFN tariff rates
• ( 2) agreement
• ( 3) preferential tariff
• ( 4) the general tariff rate
• 2 export tariff rates
Tariff tax basis
Tariff on dutiable value for import and export goods to the tax basis. Tariff customs value refers to the Customs Tariff assessed price, by the Customs on the basis of the transaction value of the review identified; if the transaction price cannot be determined, the price paid by the customs in accordance with the law .
Tariff customs valuation
• a ) the dutiable value of import goods determination
• b )determination of customs value of export goods
Tariffs taxable amount calculation
a ) ad valorem taxable amount calculation
Dutiable tax amount = duty-paid price x applicable tax rate
b) from the amount of tax payable calculated
Dutiable tax amount = taxable into (out of ) export quantity of goods x unit of commodity tax
c) composite tax payable calculation •Dutiable tax amount = taxable into (out of ) export quantity of goods x unit of commodity tax +•Customs dutiable value x applicable tax rate• d) sliding tax taxable amount calculation •Dutiable tax amount = duty-paid price x sliding tariff
a ) tariff tax filing deadline
b) the tariff tax deadline
c) the tariff tax payment place
d) tariff refund
e) duty of levying and collection
Tariff tax returns and tax refund,
Import tariff calculation
Export tariff calculation
Agent import and export business tariff calculation
Tariff accounting
MANAGERIAL ACCOUNTING
Content of Reports
Pertains to subunits of the entity and may be very detailed.
May extend beyond double-entry accounting system to any type of relevant data.
Reporting standard is relevance to the decision to be made.
Verification Process
No independent audits.
DIFFERENCES BETWEEN FINANCIAL AND MANAGERIAL ACCOUNTING