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2020-11-03

Breaking News | Import Tax

Taiwan uses the Customs Cooperation Council Nomenclature (CCCN) to classify goods and set duty rates. Customs Duties or Import duty and taxes will be pending and need to be cleared while importing goods into Taiwan either by a private individual or a commercial entity. The import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance. Along with Import duty, import goods are also subject to sales tax which is also known as VAT (Value Added Tax),  trade promotion tax, commodity tax and excise tax.

 

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