Understanding the customs clearance tariff thresholds of various countries around the world is very important for international trade, as it can help importers plan their import plans reasonably and avoid unnecessary costs.
What is the tariff threshold? The tariff threshold refers to the minimum amount of tariffs that imported goods need to be paid when entering different countries. From North America to Europe, Asia, Oceania, Latin America and Africa, each country has its own threshold standards.
This article will give you a detailed introduction to the customs clearance tariff thresholds of each country to help you better understand and respond to the tax policies of each country in your trade activities, so as to conduct international trade more smoothly.
The following are the customs clearance tariff thresholds for some countries:
A) the North America
1. United States: Tariff threshold is $800
2. Canada: The starting point for tariff is 20 Canadian dollars
B) Europe:
1. EU member states: According to the new EU regulations, the VAT minimum of 22 euros will be canceled from July 1, 2021. Therefore, goods imported into EU member states are subject to customs duties, value-added tax and customs clearance fees.
2. United Kingdom: The United Kingdom has abolished the minimum limit of value-added tax, so imported goods need to pay customs duties and value-added tax.
3. Iceland: The tariff threshold is 2,000 Icelandic kronor.
4. Norway: The tariff threshold is NOK 350.
5. Russia: The tariff threshold is 10,000 rubles.
C) Asia:
1. Japan: The tariff threshold is 10,000 JPY.
2. South Korea: The tariff threshold is less than US$150.
3. Malaysia: The tariff threshold is MYR 500.
4. Singapore: The tariff threshold is less than 400 Singapore dollars.
5. Thailand: The tariff threshold is 1,500 baht
6. Vietnam: The tariff threshold is VND 1,000,000.
7. Philippines: The tariff threshold is 10,000 Philippine pesos.
8. India: The tariff threshold is 250 Indian rupees.
9. United Arab Emirates: The tariff threshold is US$270.
D) Oceania
1. New Zealand: The starting point for tariff is NZD 1,000.
2. Australia: The threshold for tariffs is less than 1,000 Australian dollars
E) Latin America
1. Mexico: The starting point for tariffs is US$50.
2. Brazil: The tariff threshold is US$50.
3. Argentina: The tariff threshold is US$50.
4. Chile: The tariff threshold is US$30 (for postal transportation only).
F) Africa
South Africa: The tariff threshold is 500 South African Rand.
It should be noted that these tariff thresholds may be adjusted according to changes in national policies. It is recommended that importers pay close attention to the relevant regulations of each country to ensure the smooth conduct of international trade activities.