Can Malaysia Import Duties Be Deducted?

Businesses that frequently import goods from China are likely familiar with import taxes (Custom Duty/Import Tax). Import tax is the duty imposed by a country's customs on imported goods or items. However, when a country imposes tariffs, it raises the cost of imported goods, thus increasing the market price of these goods.

When goods arrive in Malaysia, in addition to the Sales and Services Tax (SST), customs will also levy import duties on the goods. Therefore, in such cases, businesses may see a reduction in their profits.

Returning to the main topic of today's blog, can Malaysian import duties be deducted? Let's follow along step by step to understand.
 

Goods & HS Code

Each item and product has its own HS code, and we can use the website http://mysstext.customs.gov.my/tariff/ to check the import tax rates for goods.

However, dealing with customs documents for imports and exports can be challenging for novice importers. I suggest leaving this task to professional shipping agents to handle for you.

Surely, businesses hope to reduce the deduction of import duties so they can minimize costs and maximize profits. Let's continue reading to learn more.
 

Way To Deduct Taxation



Method 1:

For high volume or full container load shipments:

If businesses are importing a full container load, they can request a Certificate of Origin from the manufacturers in China. This certificate, also known as Form E, serves as proof of origin for the goods.

With the Form E, businesses can pay tariffs based on the tariff rates displayed in the ASEAN-China Free Trade Area (ACFTA).


Method 2:

Looking for reliable and experienced freight forwarding companies.

Experienced freight forwarding companies offer sea freight LCL/FCL services that can help reduce import taxes for businesses.

So, which reliable freight forwarding companies are available?

You might consider using our sea freight LCL/FCL services, as we have over 10 years of experience in transportation and provide comprehensive freight forwarding services.

For detailed information, please contact our professional representatives by today!