Who Pays Import Tax?

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Discuss this Article. In the US, the importer pays this money to the US customs office. The importer then raises his wholesale prices to the retailers who then pass these increased prices on to consumers. So ultimately (as with all taxes) it is the consumer who pays the import tariff.

What does import tax mean?

Import duty is a tax collected on imports and some exports by a country's customs authorities. A good's value will usually dictate the import duty.

Who pays tariffs on Chinese imports?

Thus, if the U.S. imposes a tariff on Chinese televisions, the duty is paid to the U.S. Customs and Border Protection Service at the border by a U.S. broker representing a U.S. importer, say, Costco. The Chinese government pays nothing, just as the U.S. government pays no tax to Canada for that nation's tariffs on imported dairy products.

Who pays for the engagement ring?

The most traditional way to go about this would be the bride pays for the man's wedding ring plus a gift and the groom pays for the engagement ring and matching wedding band for the bride.

How Duty And Tariffs Work On Alibaba

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