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How Import Taxes Work VAT, Duties and Customs Clearance  Form

How Import Taxes Work VAT, Duties and Customs Clearance Form

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Video instructions and help with filling out and completing How Import Taxes Work VAT, Duties And Customs Clearance Form

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Instructions and help about border force form bor286

[Music] this is presented by hps trade japanese freight forwarder in thailand hello it's eno this time i'd like to explain an essential process for import basic knowledge of customs duty when working on the freight forwarding process we receive high volumes of inquiries for import customs duty this is a very important part of the import process as the declaration and payment for customs duty needs to be completed in line with each country's treaty and law first what is customs duty you may often hear the word customs duty on the daily news customs duty is defined as tax imposed by the country for imported foreign goods as the country imposed such as consumption tax and income tax paid by an individual and corporate tax paid by a company customs duty is just another one of these taxes collected customs duty will become funds for the country however the main purpose of imposing custom duty is to protect domestic products if cheaper foreign products are imported and are sold on the market

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