IMPORT TAXES AND DUTIES ON PRODUCTS IMPORTED FROM CHINA TO EGYPT
Import taxes and duties have a significant impact on the total cost of shipping goods from China to Egypt. Key factors include:
- Value Added Tax (VAT): Calculated as a percentage of the total invoice value, including the cost of goods, freight, and insurance.
- Taxes: Calculated based on the HS (Harmonized System) code of the goods. Tax rates vary by product type, affecting the overall financial impact on the shipment.
| Product Category | Estimated Customs Duty | VAT Rate |
|---|---|---|
| Electronics | 10% – 30% | 14% |
| Textiles | 5% – 20% | 14% |
| Machinery | 2% – 15% | 14% |
| Agricultural Products | 0% – 10% | 14% |
| Auto Parts | 10% – 35% | 14% |
Importing goods from China to Egypt involves several financial obligations, including customs duties and taxes. Here’s a concise overview of the process:
When importing from China to Egypt, you are required to pay customs duties, which are ad valorem taxes based on the Cost, Insurance, and Freight (CIF) value of the goods. These duties can vary widely, from 0% to 100%, depending on the type of goods and their classification.
Furthermore, you will need to pay Value Added Tax (VAT), which is levied at a rate ranging from 0% to 25%. The VAT is calculated on the total CIF value of the import, plus any customs duties (tariffs) and Egypt’s general import tax rate. It’s important to note that if the goods are imported from China, additional tariffs may apply due to specific trade agreements or policies. It’s essential to consult with a customs broker or a logistics expert to understand the exact duties and taxes applicable to your specific shipment.