Foreign Trade IndustryExport goodsFinished byThe tax priceThis value is usually determined in two ways, namely the tax-exempt price based on the transaction price and the customs valuation of export goods.

In the first place, the taxable price based on the transaction price refers to the taxable price determined by the customs authorities on the basis of the transaction price of the goods sold abroad. The price should include the transportation of the goods to the place of export and their related costs, insurance fees, but including the export customs duty shall be deducted. The transaction price of the export goods refers to the price implemented or paid by the seller when the goods are exported to the country when they are sold. If the transaction price of the export goods contains a commission paid to abroad, it should be separately listed and deducted.

Secondly, where the transaction price of the export goods cannot be determined, the transaction price shall be estimated by the customs authorities according to the following methods: (1) the transaction price of the same goods exported simultaneously or approximately simultaneously to the same country or region; (2) the transaction price of the similar goods exported simultaneously or approximately simultaneously to the same country or region; (3) the price of income calculated by reasonable methods based on the costs, profits and general costs of the production of the same or similar goods within the territory of the customs authorities.

In practical operations, enterprises need to provide the customs with the following materials: 1) list of imported goods; 2) import contracts and invoices; 3) other materials prescribed by the country (such as:Export tax refundApplications, goods transportation documents etc.)

In short, for the tax price of export goods, enterprises need to understand the calculation of the tax price, while providing relevant import materials to check with customs to ensure compliance with exports.