How to Calculate Tariffs for Parallel Imported Vehicles?

[MacMalachi]

Tariffs for parallel imported vehicles are calculated under two scenarios: 1. When the tariff rate is reduced to 15%, the calculation method for imported vehicle tariffs is: Total tax rate = 133.4% x consumption tax rate ÷ (1 - consumption tax rate) + 33.4%. 2. When the tariff rate increases to 40%, the total formula for tariff calculation changes to: Total tax rate = 162.4% x consumption tax rate ÷ (1 - consumption tax rate) + 62.4%. Import duty (import-tax) is also known as import tariff. It refers to a type of tariff imposed by the customs of the importing country on goods and items entering the country from abroad. It is the most significant type of tariff. Import duty is levied when foreign goods enter the customs territory or national border, or when foreign goods are transported from free ports, free trade zones, or bonded warehouses to the domestic market for sale and undergo customs clearance procedures.