
table of contents
What is a tariff?
Simply put, "tariffs" are taxes levied when importing goods from overseas.
What it's like
There are customs duties, which vary from country to country and are set by each country itself.
Tariff rates vary depending on the item and country of origin, and tend to be set higher for items that a country wants to protect.
Why is it necessary?
Tariffs have two main purposes. As tariffs are a form of national tax, they provide a source of funds for public services that are essential to our daily lives.
In addition, if cheap products from other countries are imported without tax, domestic industries will decline. In order to protect such domestic industries, tariffs are imposed.
Types of tariffs
There are two types of tariffs: "fiscal tariffs" and "protective tariffs." Fiscal tariffs are tariffs that contribute to a country's financial resources, while protective tariffs are tariffs imposed to protect a country's industries.
In addition, the tariff imposed by the importing country at the time of import is called the "import tariff," and the tax imposed by the exporting country at the time of export is called the "export tariff." Japan does not have an export tariff system.
How tariffs are determined
As mentioned above, tariffs vary from country to country and are set by each country.
Tariffs vary depending on the item, and in Japan, a tariff system has been established that follows common rules with WTO member countries.
In addition, there is a system called the HS code defined by the WTO, which is used to classify product names.
Japanese tariff rates
Japan's tariff rates are divided into "nationally set tariff rates" and "agreed tariff rates."
National tax rates are set by the Customs Tariff Act and the Temporary Tariff Measures Act. The Customs Tariff Act sets out basic tax rates that are applied over the long term unless there are special circumstances.
The Temporary Tariff Measures Act is a provisional tax rate that is applied preferentially for a certain period of time when a basic tax rate has not been established.
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This time, we have covered the following: "What are the tariffs imposed on overseas imports and exports? What are Japan's tariff rates and points to be aware of?"
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category:Export Business
Tags: Customs Duties