How is the import VAT formula calculated? The difference between VAT on export goods and VAT on domestic goods is that VAT on import cannot offset any tax. Calculation formula: tax payable=component taxable price × applicable tax rate component taxable price=tariff dutiable price+tariff+consumption tax. If the imported goods do not pay consumption tax at the same time, the component taxable price is: component taxable price=tariff dutiable price+tariff. Is this a good explanation?
