The lowest threshold for Malaysian tariffs. How much is Malaysia's local import tariffs?
Malaysia Customs Tariff Inquiry
Malaysia (APCE member) http://tr.apec.org/tdb.cgi/ff3235/apeccgi.cgi
[Malaysia Customs Overview]
Regardless of whether individuals or business entities are engaged in the import of goods in Malaysia, they are subject to import duties and taxes. Import taxes and fees are all calculated based on the value of the shipment, which is the CIF. The import tax of a specific commodity is a fee levied at a certain rate based on the sum of the CIF price and the unloading fee. Some commodities are measured in units of measurement, such as weight and volume. At the same time, imported goods are also subject to value added tax, and some goods are subject to consumption tax.
[Malaysia Customs Tariff]
Malaysia's tariff rate is between 0% and 50%, with an average tariff rate of 5.74%. Certain goods are exempt from customs duties, such as laptops, electric guitars and other electronics.
[Malaysian Customs Value Added Tax-GST]
VAT = standard VAT tax rate is 10% × (CIF price + tariff + some applicable consumption tax). Certain products can enjoy a preferential VAT rate of 0-5%. Business tax is sometimes levied on a volume basis, such as unit liters and unit kilograms.
[Malaysia Customs Starting Point]
The value of imported goods (CIF value) does not exceed RM500 and is exempt from customs duties. The exception is tobacco and alcohol products imported from the United States. There are no thresholds for VAT and GST in Malaysia.
【other】
Consumption tax can be levied on an ad valorem basis. Such as unit liter, unit liter alcohol, unit kilogram, unit stick (cigarette). The specific product consumption tax rates are calculated as follows:
10% -105.0%
0.1 $ -34 $ / liter
22.5 $ -42.5 $ / liter alcohol
0.22 $ / piece
7.5 $ / kg-220 $ / kg
Malaysia: If the recipient holds a tax-exempt certificate and needs to apply for tax-free import, it must be clearly indicated on the delivery list (preferably on the waybill) and the shipping agent must be clearly notified before shipment to facilitate Local arrangements.
Malaysia import tariff system:
As a member of the World Trade Organization, Malaysia generally has lower tariffs. Although the tariff rate of most items is below 25%, the value range of the tariff rate is very wide. Tariffs on basic foods are very low, not exceeding 5%. The average tax rate for major goods is about 5%. Tax rates for intermediate products and transportation equipment average below 20%. The tax rate for consumer goods is higher, some as high as 60%. The tariff rate of high-priced motor vehicles is higher than 100%.
In all, of the total of about 600 imported items, only 91 have tariff rates exceeding 50%. As a member of the ASEAN Free Trade Area (AFTA) under construction, Malaysia ’s tariff concessions will implement the “Generally Effective Preferential Tariffs” (CEPT) plan in the AFTA regulations. Malaysia's main imports are divided into three categories. The first category is raw materials and production materials, including electronic components, textiles, plastics, machine parts, petroleum, fertilizers, pesticides and food, accounting for 42.6% of the total imports. The category is machinery and equipment, including metal products, machinery and transportation equipment, electronic instruments, heavy machinery and telecommunications equipment, accounting for 34.5% of total imports; the third category is daily necessities, including motorcycles, bicycles, jewelry and food, which together account for 21.9% of total imports. Malaysian imports are subject to a 5% surcharge based on the CIF value. Some basic goods such as fish, cereals, salt, petroleum products, rubber, paper and printed matter are exempt from additional taxes. Consumption taxes on beer, alcohol and other beverages, tobacco, gasoline, mineral oil and sugar, tires, playing cards, air conditioners, batteries, television receivers, motor vehicles and motorcycles, matches, etc. are levied on ad valorem or ad valorem basis.
Malaysia import controls:
1. Import documents.
(1) Commercial Invoice: The original invoice used for the calculation of customs duties is required to be completed and signed in English. The invoice must include the following items: mark, number, quantity and type of package, detailed product name, non-technical name or internal label code, gross and net weight, FOB, CIF fee, and CIF price (if it is a different customs tariff item, Each item must also be specified separately at the CIF price), place of shipment, and country of origin. The product description on the package must be the same as the invoice, and the invoice must be in triplicate.
(2) Certificate of origin Certificate of origin is only for goods from federal countries.
(3) Bill of lading shipping bill of lading does not need notarization. The use of an instruction bill of lading is permitted, provided that the address of a notified person is stated.
2. Special regulations.
All details regarding the description, metric weight and country of origin must be stated on the label of the packaged goods in Bahasa. English is only allowed in the second language. All packaged products must be printed with the following: the name of the producer, importer or wholesaler, the place of origin, the contents of the package and the name of the product. Food, drugs, livestock, and meat must also include sanitary and quarantine regulations, including labeling regulations. Mark the following in Malaysian: country of origin, product description, weight, shelf life, name and mailing address of the importer. Cigarette packages must be clearly marked with health warnings in Malaysian.
3. Treatment of uncollected goods.
Goods not picked up by the buyer within the time limit can be kept in the customs warehouse for 21 days. The consignee must be notified within the time limit and the goods must be picked up within 7 days, otherwise the customs will auction them. The proceeds of the auction are used to pay customs declaration fees, storage fees and all other expenses. Air cargo must be collected within 72 hours, otherwise high storage fines will be imposed. If the goods are not picked up after 3 months, they will be returned.
Malaysia Freeport and its management system:
Malaysia's free trade zone is mainly concentrated in areas with more developed land and sea transportation along the west coast. The well-known trade zones are Penang, Sungai Wye, Batu Rotan, Tanjung Kling, Labuan, Pray, Ulukron, and Passy Gudang, Port Johor, Kinta, Bintulu, etc. Most of these trade areas have the following two characteristics: 1. Rapid development. So far, 18 trade zones have been established. Malaysia has become one of the fastest and fastest-growing developing countries in the world to set up a free trade area. 2. The establishment of a licensed manufacturing warehouse outside the free trade zone is intended to allow investors to set up factories in places where it is impossible or inappropriate to set up export industrial processing zones for the production of export industrial products. Franchised manufacturing warehouses operate in the same manner and provide preferential tariff treatment as in the free trade zone. The vast majority of enterprises that enjoy preferential treatment in the franchise manufacturing industry are concentrated in Sembawang's Senawang, Zhigancen in Kedah and industrial areas in Johor.
Malaysia's tax system is well developed, and its main tax system is derived from the tax systems of the United Kingdom and Australia. The federal and state governments of Malaysia implement a tax sharing system, and the Federal Ministry of Finance manages and is responsible for formulating tax policies. Federal taxes are divided into direct taxes and indirect taxes, which are collected directly by the Inland Revenue Department and the Royal Revenue Department under the federal state capital. Direct taxes include corporate / personal income tax, petroleum income tax, real estate profit tax, etc .; indirect taxes include stamp duty, domestic tax, customs duty, import tax, etc. Foreign companies and individuals pay the same taxes as Malaysian businesses and citizens. In April 2015, Malaysia replaced sales tax and service tax with consumption tax, and the tax structure was adjusted. On November 23, 1985, the Chinese and Malaysian governments signed the Agreement between the Government of the People's Republic of China and the Government of Malaysia on Avoiding Double Taxation of Income and Preventing Tax Evasion in Beijing. The latest document on the avoidance agreement, "Exchange of Letters between the Government of the People's Republic of China and the Government of Malaysia on the Avoidance of Double Taxation of Income and the Prevention of Tax Evasion" was officially signed in Beijing on November 1, 2016, with immediate effect.
The current types of taxes in Malaysia are: consumption tax, personal income tax, corporate income tax, withholding tax, real estate profit tax, petroleum income tax, domestic tax, etc. Different taxation methods are different.
Malaysia Consumption Tax:
The Malaysian government formally passed the Consumption Tax Act in June 2014, and began to implement the consumption tax on April 1, 2015 to replace the original sales and service tax. The new consumption tax rate is 6%, while the original tax rate ranges from 5% to 16%. 4,000 commodities such as rice, fish, meat, and newspapers are not subject to taxation.