What are Japanese taxes? Japanese tax review

【Overview】

Whether individuals or business entities engage in the importation of goods into Japan, they must pay import duties and other taxes. All import duties and taxes are calculated based on the freight value, i.e., the CIF price. However, some imported goods are levied on a unit of measurement. At the same time, some imported goods are subject to sales tax, lvs.

【tariff】

Japanese tariffs range from 0% to 30%, with an average rate of 4.49%. In addition to the landed price, some tariffs are calculated based on different units of measurement. For example, "30% or 4,300 yen per pair, whichever is greater" or a certain amount of yen per unit weight. Certain goods are exempt from tariffs, such as books, laptops, and other electronic products.

【Consumption Tax】

Consumption tax = standard consumption tax rate 8% × (CIF price + tariff). Consumption tax is a tax levied on alcohol, tobacco and gasoline.

【Tax threshold】

Japan has a threshold for the taxation of imported goods, such as: if the value of imported goods (CIF price) does not exceed 10,000 yen and the total tariff does not exceed 100 yen, the tariff is exempted; if the value of imported goods (CIF price) does not exceed 10,000 yen and the total consumption tax does not exceed 100 yen, the consumption tax is exempted. However, the exemption of tariffs and consumption taxes does not apply to the following products: leather products (leather bags, handbags, gloves, etc.), knitted clothing (T-shirts, sweaters, etc.), footwear (skating boots, leather shoes, leather-soled shoes, etc.).