Temporary tariff rate may be applied to imported goods within a specified period of time.

The GSP rate is half of the MFN rates and subject to tariff quotas.

Calculating formula for ad valorem is duty payable customs value x tariff rate

In cases where imported goods, to which contractual tariff rate or preferential tariff rate is applicable are subject to temporary rate, the lower tariff rate shall apply.

A problem in carrying out a study of peak tariffs is that a substantial proportion of peak tariffs are specific rates or combined rates.

Export duties are in the form of export tariff rate, and temporary tariff rate may be applied to export goods within a specified period of time.

There are important cases where tariff quotas carry peak rates or even rates exceeding 30 per cent.

Figure 14 Average tariff

For import goods subject to TRQ administration as specified by the State, the TRQ rate will be applied within the tariff rate quota, and the provisions of article 10 and 11 of this set of regulations shall come into play in terms of the application of tariff rate of imported goods going beyond the tariff rate quota allowed.

Calculating formula of import duties is import duties customs value x import tariff rate

Tariff headings, tariff lines and tariff rates specified in the Customs Import and Export Tariff of the People's Republic of China (hereinafter referred to as the Customs Tariffs ) and Table of Tariff Rates of Import Duties of the People's Republic of China of Entry Articles (hereinafter referred to as the Table of Tariff Rates of Import Duties of Entry Articles) drafted by the State Council are an integral part of this set of regulations.

Regarding tariff barriers, a number of products of export interest to developing countries remain subject to peak rates and tariff escalation in various markets (see box on peak tariffs).

Tariffication of former quantitative restrictions, levies and similar non tariff protection measures resulted in extremely high rates exceeding in most cases 30 per cent and reaching up to 30 per cent and more for MFN trade above tariff quotas (see table 9).

Meanwhile, with the reduction of general tariff level, especially the import tariff reduction of medicine and consumer goods, the taxable items and tax rate for import tax on imported goods would be reduced accordingly.

Chapter II Establishment and Application of Tariff Rates of Import and Export Goods

Tariff rate adjustment must balance production needs with consumer demands.

In cases where export goods, to which export tariff rates are applicable are subject to temporary tariff rate, the temporary tariff rate shall apply.

In 1998, the Commission examined two issues related to the common scale (a) an update of the common scale, and (b) a response to the Assembly s request to review staff assessment rates vis à vis national and local tax rates.

The most common are tax holidays but they can include reduced rates on taxes of all kinds, including import duties.

Measures governing goods subject to retaliatory customs duties, country or region of application, tariff rate, period, and method of levy shall be determined and published by the State Council Tariffs Commission.

In application of the agricultural safeguard clause, the US tariff specifies additional duties so that imports above the tariff quotas are subject to progressively higher tariff rates the lower the actual export price.

The introduction of new or increased oil taxation shall be ruled out.

One of the most efficient tax raising methods is the US payroll tax, for which the marginal tax rate is close to the average rate (because deductions are absent and there is little graduation in the rate structure). Therefore, cutting the payroll tax rate in 2011 2012 and making the rate schedule more graduated (on the Medicare side) were mistakes from the standpoint of efficient taxation.

Furthermore, Japan applies a rate of 30 per cent on tanned and prepared leather.

2. Staff assessment rates vis à vis local taxes

Other issues relate to the treatment of rates on unbound tariff lines, the extent of the binding coverage, the methodology to be used to the establish the base rate, or final bound rate, and the conversion of specific rates to ad valorem or percentage format.

1410 Low duties

1510 Low duties

1520 High duties

Tariff rate and customs value applied on the day when the customs issues the payment of duties is applicable to imported articles.

In this system of this taxation there are no reduced rates based on the family situation of the taxpayer.

The tariff data now integrate the current tariff situation in these countries in 1996 1997 with respect to most favoured nation (MFN) and GSP rates, and, to the extent possible, suspended MFN rates, as well as the agreed rates resulting from the Uruguay Round negotiations.

In conclusion, it seems necessary to substantially improve transparency of tariffs with regard to specific rates.

The United States has a wide range of tariffs on processed fruit and vegetables, which are high for some products (e.g.24.4 per cent MFN rate on dried onions).

30. The Government has reformed the tax structure, reducing overall rates while widening coverage through improved efficiency in collection.

There are dozens of types of taxes, some of which are double what is paid by Israelis, such as the television tax, which amounts to US 120 per year.

33. A further concern is the decline in tax revenues forecast for 1999, owing to the repeal of the Act on a Single Property Tax, tariff reductions, the ending of the commercial and agricultural enterprise tax, which is expected to occur in mid 1999, and the planned cut in income tax rates.

Several cases were mentioned where customs modernization had a significant positive impact on revenue collection. In fact, even in cases where tariff rates have been reduced, customs automation has more than offset the losses from these reductions, leading to an overall increase in duties collected.

1. Taxation and customs

The US applies a widespread system of combined MFN and tariff quota rates in this area, together with safeguards consisting of additional duties which rise progressively, if import prices are below a certain threshold.

The US now has the highest corporate tax rate of these countries. Even after incorporating various deductions, credits, and other tax reducing provisions, the effective average and marginal corporate tax rates in the US what corporations actually pay are higher than the OECD average.

Our country will reduce the MFN tariff rate for some goods from November 1, and the general tariff level will be reduced to 7.5 .

This rate refers to the effectively applied tariffs for imports from developing countries.

Moreover, since the tight restrictions on some imports were accompanied by low or zero tariffs on others, the average tariff rate and overall coverage were quite low.

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