Are bonded goods not taxable? What is the difference between bonded and non bonded?

The Customs Law of the People's Republic of China defines "bonded goods" as "goods that enter the country without going through tax formalities with the approval of the customs, and are stored, processed and assembled in China and then re-exported from the country." ”

2.What are the characteristics of bonded goods?

1.Specific Purposes. China's Customs Law restricts bonded goods to goods imported for two specific purposes, namely, first-class activities (storage) and processing and manufacturing activities (processing and assembly).

Distinguish between bonded goods and goods temporarily imported for other purposes (such as engineering construction, scientific experiments, cultural and sports activities, etc.).

2.Temporary tax exemption. Article 43 of the Customs Act provides:

Goods temporarily imported or temporarily exported with the approval of the Customs, as well as bonded goods specially approved for import, shall be temporarily exempted from customs duties after the consignee and consignor of the goods have paid a deposit equivalent to the tax or provided a guarantee. "Bonded goods enter the country without going through tax payment procedures, which is temporarily exempt, not exempt, and the customs will decide to levy or exempt the goods after the final flow of goods is determined.

3.Re-shipment. This is an important prerequisite for the formation of bonded goods.

Legally speaking, bonded goods have not gone through the import and tax payment procedures as general goods, therefore, bonded goods must be re-exported in their original state or processed products, which is not only the principle of customs supervision of bonded goods, but also the legal obligation that operators must fulfill.

There are two differences between bonded and non-bonded, first, the concept is different, and second, the management is different.

First, the concept is different: bonded, simply put, when the materials or equipment are imported, they are exempt from taxation, and they are still subject to customs supervision, and domestic sales are not allowed without approval. It is not bonded, that is, domestic purchase or general ** import, which is not subject to customs supervision.

2. Different management: In terms of management, it should be noted that for bonded and non-bonded materials, they can be stored separately according to bonded warehouses and non-bonded warehouses when they are in stock.

Extended information: 1. The difference between bonded and non-bonded materials Bonded materials refer to imported materials that are not taxed (including value-added tax, customs duties, etc.) and finished products that are bonded for export, and other materials (taxed imports and domestic purchases) are non-bonded materials; Bonded materials must be materials under customs supervision, and materials under customs supervision are not necessarily bonded materials; Bonded materials can be converted into non-bonded materials after passing the tax payment procedures: bonded materials can not be directly sold domestically, and can only be converted into non-bonded materials after paying taxes, and the relevant accounts will be handled according to general domestic sales; Processing ** bonded imported materials and parts will also produce leftovers, remaining materials and parts, defective products, by-products and disaster-stricken bonded goods in the process of processing, which also belong to customs supervision materials

Leftovers: refers to the processing of ** enterprises engaged in processing and re-export business. For the purchased materials, you can distinguish whether it is bonded procurement when you place the PO.

For PO is bonded procurement, it will be entered into the bonded warehouse when the receipt is inspected, and for the non-bonded purchase, it will be entered into the non-bonded warehouse.

2. Within the unit consumption approved by the customs (hereinafter referred to as the unit consumption), the amount of waste, scrap and scrap materials generated in the processing process and can no longer be used for dry processing of the finished products exported under the contract; Remaining materials and parts: refers to the processing enterprises in the process of processing and returning business leftover, can continue to be used for processing finished products of imported materials and parts; Reply to the comment and learn the article (1) Bonded is for goods, generally speaking, bonded goods, it refers to the goods that have been approved by the customs to enter the country without going through tax payment procedures, and are stored and processed in the territory and then re-shipped out of the country; (2) Non-bonded, that is, domestic purchases or general imports are not subject to customs supervision. The difference between bonded and non-bonded materials Bonded materials refer to imported materials that are not subject to tax (including value-added tax, customs duties, etc.) and finished products that are exported in bonded terms.

Bonded: All goods imported from abroad are processed and exported, and the procedures for export tax rebates in the future are avoided, and the accounts are temporarily recorded at the time of import, and the customs duties are exempted first, which is called bonded.

Non-bonded: goods that enter the bonded area from abroad and have completed the import procedures for tax declaration. or goods that enter the bonded area from outside the zone and have not yet gone through the export declaration procedures.

Bonded (bonded; Under bonded), the bonded system is an internationally accepted customs system. It refers to a customs supervision business system in which the goods imported by domestic enterprises approved by the customs are stored, processed and assembled in designated places within the territory under the supervision of the customs, and the payment of various import taxes and fees is suspended. Not tax-exempt.

Tax exemption is a tax term, that is, exemption from taxation, and the object of tax exemption is generally a specific category of goods licensed by the national policy or the situation that the unit does not need to pay import tax when importing goods; Bonded is a customs term, which is specifically used for customs duties, which refers to the policy that the goods are temporarily exempted from import link tax because they need to be re-exported, and the importer pays a guarantee and returns it when the importer exports again.

Difference Between Tax-Free and Compulsory

1. The information filled in when issuing an invoice is different.

Tax exemption requires the purchaser's Unified Social Credit** to be filled in the combined "Purchaser's Taxpayer Identification Number" column. The buyer is a certificate of the enterprise, and when requesting the merger, it shall provide the seller with a unified social credit**.

When the bonded company provides the parent company's invoice, the buyer's taxpayer identification number should be filled in the "buyer's taxpayer identification number" column, and the invoice that does not meet the requirements shall not be used as a tax voucher.

2. The scope of inclusion is different.

The tax exemption includes: the wages of administrative and technical personnel, personnel who procure, store and drive various machinery and vehicles, handling and unloading workers before materials arrive at the site warehouse, full-time trade union personnel, medical personnel and other personnel who are paid by construction management fees or non-operating expenses.

The bonded includes: the income obtained by individuals engaged in design, decoration, installation, drawing and testing, testing, medical treatment, law, accounting, consulting, lecturing, journalism, broadcasting, auditing, calligraphy and painting, sculpture, film and television video, performance, performance, agency services and other services.

3. The core points are different.

Tax exemption brings new opportunities to enterprises, but also may bring new problems, such as the implementation of new laws and new policies, which may have a beneficial or adverse impact on corporate marketing, and grasping the development trend of the environment is an important prerequisite for enterprises to formulate strategic plans.

Bonded avoids head-to-head competition with reputable brand-name goods. Brand-name products are in a high degree of commodity protection.

Non-bonded refers to the goods that enter the bonded area from abroad and have completed the import procedures for tax declaration; or goods that enter the bonded area from outside the zone and have not yet gone through the export declaration procedures.

The counterpart to non-bonded is bonded. All items imported from abroad are processed and exported, and the procedures for export tax rebates in the future are avoided, and the accounts are temporarily recorded at the time of import, and the customs duties are exempted first, which is called bonded.

Extended Information: Free Trade Zone

The bonded zone, also known as the bonded warehouse zone, is lower in level than the comprehensive bonded zone. This is an area set up by a country's customs or approved by the customs to be registered, subject to customs supervision and management, and can store goods for a longer period of time. It is an economic zone established with the approval of the relevant departments and subject to special supervision by the customs.

1. Management and taxation.

According to the current relevant policies, the customs implements closed management of the bonded area, and the entry of overseas goods into the bonded area is subject to bonded management; Goods from other parts of the country entering the bonded zone shall be regarded as leaving the country; At the same time, the foreign trade and economic cooperation, foreign exchange management and other departments also implement relatively preferential policies for the bonded zone, and at the same time, the bonded zone has the functions of import and export processing, international logistics, bonded warehousing commodity display, etc., and enjoys the policy of "exemption, tax exemption and bonded", and implements the operation mode of "inside and outside the customs".

2. Approval and operation.

1) According to the laws and regulations on industrial and commercial registration, the registration of the business scope of the enterprise shall be supervised by the administrative department for industry and commerce. However, for the determination of the business scope that requires pre-licensing approval, the applicant is required to first approve and declare the business content, and then carry out industrial and commercial registration. If the business scope of an enterprise in the bonded zone involves a pre-approval project, it also needs to be reported to the relevant departments for permission before it can be implemented.

It can be made clear that the registration and filing of enterprises in the bonded zone with the customs is not an administrative license. Moreover, the filing is after the completion of the business license.

2) If the business scope of the enterprise in the bonded zone involves domestic **, if it does not involve the licensed ** project, it can also be included in the business scope of the business license of the enterprise without any approval. However, in practice, many industrial and commercial departments in bonded zones do not confirm business licenses for such businesses. The reason for this is still the particularity of bonded area management, and non-bonded zone business will not be conducive to the supervision of bonded business by the customs and relevant departments.

Non-bonded means that no import tax has been paid, but a guarantee has been made. If these are mainly used for export, there is no need to levy them, otherwise the export will have to be deducted. Non-bonded on the contrary, two extended concepts are given below:

Bonded goods: goods that enter the bonded zone from abroad and have not yet gone through the import procedures for tax declaration. (After that, the goods are declared and transported from the bonded area to outside the zone, which is the real import at this time, so it should be denominated in foreign currency).

or goods that enter the bonded area from outside the zone and have completed the export declaration procedures. (It is already an export in the true sense, so it should be denominated in foreign currency).

Non-bonded goods:

Goods entering the bonded zone from abroad and having completed the import procedures for tax declaration.

or goods that enter the bonded area from outside the zone and have not yet gone through the export declaration procedures.

No. The bonded system is an internationally accepted customs system. The so-called bonded refers to the value-added tax and consumption tax that do not involve customs duties and imports in the bonded area.

Bonded refers to the goods that have been approved by the customs to enter the country without going through the tax formalities, and are stored, processed and assembled in the territory and then re-shipped out of the country.

Bonded is not exempt from tax, the two are completely different concepts. "Tax exemption" is simply understood as exemption from taxation, and the object of tax exemption is generally a specific category of goods or units that are licensed by the national policy and do not need to pay import tax when importing goods.

The goods in the bonded area have the function of display, but there is no function, the first situation is regarded as imported goods to pay tariffs, that is to say, bonded goods can be sold in China after going through the customs inspection procedures of the Xiangju Bureau, but they need to pay the tax payable, including import value-added tax, consumption tax, and customs duties.

According to the Customs Law of the People's Republic of China, bonded goods are for goods, generally known as bonded goods, which refer to the goods that have been approved by the customs to enter the country without going through tax payment procedures, and are stored, processed and assembled in the territory and then re-shipped out of the country.