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How much is the tax for imported wine?
The current tax rate for imported bottled wine:
(1). Import Tax: 14% (CIF X 14%);
(2). Value Added Tax: 17% (CIF + Import Tax Value) X 17%
(3). Consumption Tax: 10% [ (CIF + Import Tax Value) / (1 – 10%)] X 10%
All the taxes should be paid by RMB.
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