Import taxes administered by customs: a short overview
Thális Andrade
Lawyer, Foreign trade analyst
,
Enrika Naujokė
Director, Lithuanian Customs Practitioners Association
, Dr. Ilona Mishchenko
Associate Professor of the Maritime and Customs Law Department, National University "Odessa Law Academy"
Customs Compliance & Risk Management (CCRM) Journal, Issue 11, October / November 2021
November 24, 2021
Adobe Stock
Collection of import taxes is one of the main tasks of customs. What are the import taxes in various countries? What is the basis of their calculation? In this article, we overview the taxes in Brazil, the EU, and Ukraine. The provided examples of imported goods reveal that, in some cases, the amount of import taxes might exceed the value of the goods themselves. Therefore, the advice for importers is to check the amounts of import duties payable before purchasing goods abroad.
- Topic: duties, taxes
- Market: EU - European Union , Europe , South America
- Copyright of the journal: CC Learning, UAB