Traditional Culture Encyclopedia - Weather forecast - I asked my friend Korea to buy a 2 100 Tianqidan suit. Why is the duty-free shop only 1400?

I asked my friend Korea to buy a 2 100 Tianqidan suit. Why is the duty-free shop only 1400?

The price difference is because there is tax on local purchases in Korea, and duty-free shops are tax-free.

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Basic information of Korean tax system:

Korean tax laws and regulations and tax collection and management system. South Korea's tax system is dominated by direct taxes, supplemented by indirect taxes, and is managed by central and local tax sharing systems.

Does the central tax revenue account for 1988? [1] About 85% of the fiscal revenue, of which domestic taxes account for 2/3. The central government is responsible for collecting domestic taxes, customs duties, national defense taxes and education taxes. Among them, the domestic taxes collected by the tax bureau include: income tax, corporate tax, inheritance and gift tax, fixed assets revaluation tax, excess profit tax, value-added tax, wine tax, telephone tax, stamp tax, special consumption tax and securities transaction tax. Local taxes are divided into provincial taxes and municipal taxes. The taxes collected in the province include purchase tax, license tax and registration tax. The main taxes levied in cities and towns include registration tax, license tax, resident income tax, cultivated land tax, slaughter tax, horse racing tax, urban planning tax and public facilities tax.

Major taxes in Korea

(1) Personal income tax. Implement income classification calculation and comprehensive calculation. Taxpayers are divided into residents and non-residents. Residents refer to individuals who have Korean household registration or residence for more than one year, and residents are required to pay taxes on their global income; Individuals other than residents are non-residents, and non-residents only pay taxes on income from South Korea. Taxable income items of residents include: interest income, dividend income, real estate income, operating income, salary income and other personal income. Non-resident taxable income includes: interest income, dividend income, real estate income, lease income, business income, labor income, salary income from providing labor services, pension and retirement allowance income obtained in Korea, income from selling land, buildings or other assets in Korea, income from selling timber, royalties and other income from Korea. Personal income tax adopts excessive progressive tax rate. Implement the method of individual self-declaration and annual tax payment.

② Corporate tax. All company income, including capital gains, should be levied. Taxpayers are divided into domestic companies and foreign companies. If a company with its headquarters or head office in Korea is a domestic company, it shall pay corporate tax on its global income; There are three kinds of foreign companies whose headquarters or head office is located outside Korea, namely, those who have business premises (permanent institutions) in Korea, those who have real estate income in Korea and other foreign companies. Foreign companies only pay taxes on income from South Korea. Corporate tax adopts proportional tax rate, and the specific tax rate varies according to the nature of the company, the nature of income and the amount.

3 gift tax. Anyone who lives in Korea and gets donated property or who doesn't live in Korea but gets property located in Korea is a taxpayer. The tax base is the balance of the property value after deducting the legal deduction. Adopt progressive tax rate.

4 purchase tax. Legal persons and individuals who purchase fixed assets, vehicles, heavy equipment, forests and ships are taxpayers. The tax rate varies according to the tax recipients. If the company purchases non-business premises, the tax rate is15%; Taxable goods purchased by big cities for business purposes are taxed at 10%.

(5) Public facilities tax. The beneficiaries of fire-fighting facilities and gas treatment systems are taxpayers, and differential proportional tax rates are adopted.

Tax system for duty-free shops:

Duty-free shops are shops that sell duty-free goods to passengers who have gone through exit formalities, are about to leave the country or have not yet gone through entry formalities. Mainly distributed in airports, stations, ports and other places at entry and exit ports.

Duty-free shops mainly supply overseas Chinese, overseas Chinese, overseas Chinese, compatriots from Hong Kong, Macao and Taiwan, China citizens visiting relatives abroad and domestic and foreign experts. Buying foreign exchange goods in domestic duty-free shops must meet the following conditions: (1) is a qualified supplier; (2) The only valid documents that meet the requirements, that is, my passport and the Customs-certified Entry Passenger Baggage Declaration Form or Import Duty-free Articles Registration Certificate; (3) Holding foreign currency brought from abroad and declared to the customs; (4) Abide by the customs regulations on the inspection and release of duty-free goods, that is, allow passengers to carry duty-free goods within a limited range of varieties and quantities. Passengers who meet the above conditions can buy duty-free goods at designated duty-free shops. ?

In terms of tax administration, the customs isolation zone belongs to overseas territory, while duty-free goods refer to imported goods exempted from customs duties and import link taxes, as well as domestic goods whose value-added tax and consumption tax sold in duty-free shops are refunded and exempted. Countries that sell duty-free goods in duty-free shops in isolated areas, but collect duty-free goods in customs isolated areas, implement tax-free policies and do not need to levy value-added tax.

Duty-free goods refer to imported goods exempted from customs duties and import link taxes, as well as domestic goods whose value-added tax and consumption tax sold in duty-free shops are refunded and exempted. That is, the taxes exempted from duty-free goods include customs duties, import value-added tax, consumption tax, etc. And not all links are exempt from all taxes. When it comes to tax exemption, it is only for the import link, and when it enters the sales link, it should also be taxed according to regulations. ?

The duty-free policy of duty-free shops selling duty-free goods can be summarized as follows: (1) The behavior of selling duty-free goods in duty-free shops in the customs isolation zone and selling duty-free goods in the city but extracting duty-free goods in the isolation zone is not subject to VAT (in this case, the buyer must leave the country directly after extracting them in the customs isolation zone to be tax-free), but the behavior of selling them in duty-free shops in the city and extracting them from duty-free shops in the city should be subject to VAT (for the time being, the tax rate is 4%).

reference data

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