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> Malaysia Import Duties

samantha_yeanmee
post Jul 11 2016, 03:56 PM

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kherel77 Hi, may I know how much tax I expected to pay if import the following

Item: Kitchenware (pot, frying pan, wok)
Origin: Korea
Gross weight: 3.8kg
Invoice value : approximate RM420

Thank you for your help smile.gif

This post has been edited by samantha_yeanmee: Jul 12 2016, 12:20 PM
samantha_yeanmee
post Jul 12 2016, 12:15 PM

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- repeated post -

This post has been edited by samantha_yeanmee: Jul 12 2016, 12:42 PM
samantha_yeanmee
post Jul 12 2016, 12:42 PM

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QUOTE(samantha_yeanmee @ Jul 11 2016, 03:56 PM)
kherel77 Hi, may I know how much tax I expected to pay if import the following

Item: Kitchenware (pot, frying pan, wok)
Origin: Korea
Gross weight: 3.8kg
Invoice value : approximate RM420

Thank you for your help smile.gif
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QUOTE(kherel77 @ Jul 11 2016, 05:05 PM)
Mostly kitchenware made of stainless steel have 15% import duties + 6% GST

Below only for estimation
Import duties:
(Invoice value + 10% insurance + IATA freight rate) x 15%
(RM420 + RM42 + RM112.50) x 15% = RM86.18

GST:
(Invoice value + 10% insurance + IATA freight rate + Import duties) x 6%
(RM420 + RM42 + RM112.50 + RM86.18) x 6% = RM39.40

Total duties + GST = RM125.58 excluding service charge by courier company if they do the declaration on behalf.
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Thank you so much for your help notworthy.gif

How about if kitchenware that made of ceramic? What is the import duties charged?

And how to calculate the IATA freight rate from Korea? If my invoice value which approximate RM420 is actually RM350 (item) + RM70 (shipping fee charged by seller), does the IATA freight rate will be reduced or still remains at RM112.50?


Thanks again thumbsup.gif thumbsup.gif

This post has been edited by samantha_yeanmee: Jul 12 2016, 12:43 PM
samantha_yeanmee
post Jul 12 2016, 02:26 PM

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QUOTE(kherel77 @ Jul 12 2016, 02:20 PM)
Ceramic have higher import duties...30% + 6% GST
That fee is what you paid to seller & they paid to courier company for freight/delivery charge. IATA freight charge is not to pay, only use in duties & taxes calculation. So your IATA freight charge still remain accordingly to that parcel weight.
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IC.. where can I refer the IATA freight charge rate? Any resources which I can refer to? biggrin.gif
samantha_yeanmee
post Jul 12 2016, 04:01 PM

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QUOTE(kherel77 @ Jul 12 2016, 03:09 PM)
I got it annually from my courier agent. I try to upload it here.

Ohh...wait...that rate I'd given is 2015. 2016 already RM123.75 minimum.

[attachmentid=7068876]
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That's really helpful, thank you notworthy.gif notworthy.gif

 

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