To be convenient for wine producers and exporters to learn about Chinese current tax of import wine, the following for your reference:

Current Tax of import wine

· Customs Duty: 14% (CIF x 14%)

· Compose Price = （CIF + Customs Duty）÷(1- Consumption Tax)

· Value Add Tax: 17% :

VAT=Compose Price× 17%

· Consumption Tax: 10%

Consumption Tax = Compose Price × 17%

  Example：

If the CIF price of wine is 100 RMB, how much tax should be paid when import:

   Customs Duty = 100× 14% = 14 (RMB)

   Compose Price = （100 + 14）÷ （1-10%） = 126.67 （RMB）

   Value Add Tax = 126.67 × 17% = 21.53 (RMB)

   Consumption Tax = 126.67 × 10% = 12.67 （RMB）

   Total = 14 + 21.53 + 12.67 = 48.2 （RMB）

 Therefore, the tax is 48.2% of the wine CIF price.