How to calculate the TGC NC?
How to calculate the TGC NC?
The General Consumption Tax (TGC) is a VAT-type tax that has been applied to the consumer prices of goods and services since October 1, 2018 in New Caledonia. The TGC replaced seven indirect taxes with a single four-rate tax (3%, 6%, 11% and 22%).
How to calculate import taxes?
The formulas of calculation :
- customs duties = (actual value of the object + shipping costs + insurance) x customs duty rate;
- VAT = (actual value of the object + postage + insurance + customs duties) x percentage of VAT;
- administration fees = 10 to 25 euros depending on the carriers.
Who pays the TGC?
The TGC is a “VAT” type tax, paid by the final consumer but collected by businesses. All businesses, as economic players, are affected by this tax.
What TGC rate?
The General Consumption Tax (TGC) is a VAT-type tax that has been applied to the consumer prices of goods and services since October 1, 2018 in New Caledonia. The TGC came to replace seven indirect taxes by a single tax with four rate (3%, 6% 11% and 22%).
Who has to pay the excise duty?
Due payment excise duty They are paid by authorized warehousekeepers with the customs and indirect tax service in the country in which they are located.
How to calculate Quebec customs fees?
The total amount of fresh to pay at the customs for a personal import is calculated in the same way as that for a commercial importation, but also includes a provincial tax such as QST (sales tax in Quebec), equal to 9.975% of the value of the imported goods.
What is consumption tax?
This tax relates to consumption, that is to say to the quantity of products acquired and not to the value of the goods purchased. Good to know: originally, the introduction of this tax was intended to discourage the consumption of certain products by introducing a tax to purchase them.
How much is the liquor tax?
The tax consists of a fiscal right and social security contributions. Thus, for example: For alcoholic beverages containing more than 18% alcohol, social security contributions are €559.02/degree/hL.
How to calculate excise duty?
Calculation of excise duty Excise duty is calculated on the ex-factory value of the products concerned by the tax. This is a percentage applied to the quantity of products purchased.
How to calculate alcohol excise?
Excise and CSS calculation: [accises (en L) + CSS (en L)] x volume of alcohol (in L) = €23.6023 x 0.42 = €9.92 Price excluding duties and taxes: Price including VAT – (VAT + excise duties & CSS) = €32 – (€5.33 + €9.92) = €32 – €15.25 = €16.75
