What is the tariff for German imported cars?
1 Answers
The import tariff for sedans is 25%, plus a 17% value-added tax. Additionally, a consumption tax is levied based on the vehicle's displacement. For displacements below 1.5 liters, the tax rate is 3%; for 1.5 to 2.0 liters, it's 5%; for 2.0 to 2.5 liters, 9%; for 2.5 to 3.0 liters, 12%; for 3.0 to 4.0 liters, 15%; and for displacements above 4.0 liters, the rate is 20%. Below is relevant information about import tariffs: 1. Import Tariff: An import tariff is a duty imposed by a country's customs on imported goods and items. Transit tariffs are no longer used by countries, and export taxes are rarely applied. Generally, the term 'tariff' mainly refers to import tariffs. Imposing import tariffs on cars increases their cost, raises their market price, and affects the quantity of foreign vehicle imports. Therefore, many countries use import tariffs as a means to restrict foreign vehicle imports. 2. Function: Proper use of import tariffs can protect domestic industrial and agricultural production and serve as an economic lever to regulate domestic production and economic development.