What are the import duties and taxes on goods from China to Romania?

 

When importing goods from China to Romania, the following duties and taxes may apply:

Customs Duties:

· Tariff Classification: The applicable duty rate is determined by the Harmonized System (HS) code of the imported goods. Duty rates vary widely depending on the type of product.

· Most Favored Nation (MFN) Rates: As an EU member, Romania applies the EU’s Common External Tariff rates to imports from non-EU countries, including China. These rates can be found in the EU’s TARIC (Integrated Tariff of the European Union) database.

Value Added Tax (VAT):

· Standard Rate: The standard VAT rate in Romania is 19%.

· Calculation: VAT is calculated on the CIF (Cost, Insurance, and Freight) value of the goods plus any applicable customs duties and other charges.

Excise Duties:

· Applicable to specific goods such as alcohol, tobacco, and energy products. These are additional to the standard customs duties and VAT.

Anti-Dumping Duties:

· May be applied to certain products if there is a determination that they are being dumped (sold below fair market value) and causing harm to the EU industry.

Environmental and Product Compliance Fees:

· Some goods may be subject to additional fees related to environmental regulations or product compliance standards (e.g., electronics, batteries, packaging).

Example Calculation: For illustrative purposes, here is a simplified example calculation for a shipment valued at €10,000 (CIF value):

Customs Duty:

· Suppose the duty rate for the product is 5%.

· Customs Duty = €10,000 x 5% = €500.

VAT:

· VAT is calculated on the total value, including CIF value + customs duty.

· VAT = (CIF value + Customs Duty) x 19% = (€10,000 + €500) x 19% = €10,500 x 19% = €1,995.

Total Import Cost:

· Total Cost = CIF value + Customs Duty + VAT = €10,000 + €500 + €1,995 = €12,495.

For precise rates and calculations, it is recommended to consult the Romanian Customs Authority or use the EU’s TARIC database to find the specific duty rates applicable to your goods.

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