Russia Import Duty, Tariff Rates & Duty Calculation Explained

Import duty in Russia is a tax imposed on goods imported into the country. The duty is levied on the value of the imported goods and VAT is also applicable at a rate of 20%. The import duty rate varies by product and is determined by the Russian government. Importers must comply with the regulations and pay the required duties to clear their goods through customs. The duty is typically paid in RUB and is an essential aspect of international trade in Russia.

The import duty in Russia can be calculated in two ways: ad valorem and specific. Ad valorem duty is a percentage of the goods' value, while specific duty is a fixed amount per unit of the goods. The method of calculation depends on the type of goods being imported. For example, some goods may be subject to a 10% ad valorem duty, while others may be subject to a specific duty of 100 RUB per unit. The duty rate varies by product and is determined by the Russian government.

HS codes play a crucial role in determining the import duty rate in Russia. HS codes, also known as Harmonized System codes, are an international standard for classifying goods. Each product is assigned a unique HS code, which determines the duty rate and other regulations applicable to the goods. Importers must ensure that they use the correct HS code for their goods to avoid any errors or penalties. The HS code is used to determine the duty rate, VAT, and other taxes applicable to the goods.

The country of origin of the goods can have a significant impact on the import duty rate in Russia. Goods from countries with which Russia has a preferential trade agreement may be eligible for a reduced or zero duty rate. Importers must ensure that they comply with the rules of origin to take advantage of these preferential rates. The VAT rate of 20% is still applicable, but the reduced duty rate can result in significant cost savings. The duty rate varies by product and the country of origin.

To calculate the import duty in Russia, importers must follow these steps: determine the HS code of the goods, determine the value of the goods, determine the duty rate, calculate the duty amount, and add the VAT amount. For example, if the value of the goods is 10,000 RUB and the duty rate is ad valorem, the duty amount would be a percentage of the value. The VAT amount would be 20% of the value plus the duty amount. The total amount payable would be the duty amount plus the VAT amount.