Welcome to the WholesaleForum.com! Sign in or Register Free to benefit from our full range of free services

Welcome to Wholesale Forum.comWelcome ToWholesale Forum.comFind wholesale buyerstrade buyers and wholesale offers free

For Buyers

Wholesale Forum is the fastest growing online business community dedicated to retailers, auction sellers, surplus and overstock buyers needing a quick and safe solution for sourcing trade stock. Join our free and friendly forums today and gain knowledge, offer your advice, and discover new partnership opportunities:

For Suppliers

For wholesalers, dropshippers, manufacturers, distributors and trade services providers. Advertise your business today on WholesaleForum.com for free to reach potential trade buyers on a more personal level. Promote your latest offers, interact with buyers in real time, distinguish yourself as an expert in your field, and attract sales instantly.

Sign up now More benefits for Buyers
Sign up now More benefits for Suppliers
    1. Annasophea is offline

      Join Date
      Nov 2014
      Location
      United Kingdom
      United Kingdom
      Posts
      1
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #1

      Importing Products from China - Newbie Needs Info on Taxation

      Hello !

      I would like to make a plastic product in China. I decided to deal with one manufacturer in Shenzhen. When I asked for a receipt for the sample fee, they stated that they could send a signed and stamped invoice to me and if I were to get a receipt, there will be a 6% tax added to the price of the sample.

      I was also told that the agreed unit price (should I go ahead to make a large order) does not include the 6% tax.

      I had bought a 20 foot container of products from several manufacturers in Guangzhou 8 years ago, and the issue with a local Chinese tax of 6% had never arisen.

      Please can I get advice - is this 6% tax something new?

      Thank you in advance for your help !
      Want To Be An eBay Powerseller?
      This is the Service You Need.

    2. IMEX Sourcing Services's Avatar
      IMEX Sourcing Services is offline

      Join Date
      Aug 2011
      Location
      China
      China
      Posts
      39
      Thanks
      5
      Thanked
      7 Times in 5 Posts
      #2
      Hi Anna,

      Did the supplier say they would only charge the tax if you paid them into a USD account as opposed to paying them in CNY?

      For international transactions this is not normally the case, however, some of the lower end manufacturers here in China would quote you less if you were to pay them in RMB and add taxes etc, if its an international payment, as that often means, they will have to show it officially in their books.

      Feel free to drop us an email with other details and we might be able to help with this.

      Thanks
      How a New Online Retailer Made Over 3 million Sales in 1yr With These Sources
      IMEX Sourcing Services
      Managing Your China Sourcing & Quality Control Needs
      Sourcing Services Pre Shipment Inspection China Company Verification Visiting China/Canton Fair?
      The Sourcing Blog - All About Sourcing from China

    3. experience is offline

      Join Date
      Dec 2012
      Location
      United States
      United States
      Posts
      148
      Thanks
      2
      Thanked
      49 Times in 34 Posts
      #3
      First let me say that you should have no problem with a signed and stamped invoice being used in lieu of a receipt. HMRC would know perfectly well that you cannot receive the goods unless you have paid for them, and the document offered includes all that is necessary except the words Received, or Paid.

      I would not worry about the issue. Imex has offered a simple explanation for the 6% charge. It is very common for Chinese suppliers to add charges of their own invention to recoup their costs if a transaction proceeds in a way that does not suit their individual financial arrangements.
      To learn safe overseas sourcing and how to buy small (or large) quantities at best prices see→ http://provenchinasourcing.comLearn to find genuine manufacturers and negotiate small orders at prices way below what wholesalers charge. Written after my health enforced retirement and provides insider information from veteran with experience exporting 1978-1987 importing since 1987 Learn to import the easy way

    4. Genie Sourcing is offline

      Join Date
      Apr 2013
      Location
      United Kingdom
      United Kingdom
      Posts
      8
      Thanks
      0
      Thanked
      0 Times in 0 Posts
      #4
      I believe the 6% tax is the new VAT tax that was introduced in China last year.

Sign Up Now

Got something to say? Sign up now and join the discussions.

Tags for this Thread

Similar Threads

  1. Replies: 1
    Last Post: 25 Sep 2013, 07:57 PM
  2. Replies: 1
    Last Post: 19 Jul 2012, 09:00 PM
  3. Chinese Wholesalers & Suppliers - How to get better price from Chinese suppliers?
    By John091 in forum China Product Sourcing & Importing
    Replies: 2
    Last Post: 04 Sep 2013, 03:23 AM
  4. Replies: 0
    Last Post: 31 May 2013, 03:07 AM
  5. Replies: 6
    Last Post: 09 Jan 2014, 04:16 PM
  6. Replies: 1
    Last Post: 14 Nov 2011, 06:11 AM

My Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
All times are GMT -4. The time now is 02:23 PM. - Fixed Width