It should also be noted that in order to simplify the customs process, Korea Customs Service implemented the Single Window System, which allows all procedures related to imports to be carried out in a single portal and in a dematerialized manner.
Regarding customs charges, the South Korean Customs Tariff follows the Harmonized Commodity Description and Coding System (HS), with most duties calculated on an ad valorem basis over the CIF (Cost, Insurance and Freight / Cost, Insurance and Freight) of the goods.
In the case of Community goods, the EU-South Korea Free Trade Agreement, which eliminated most customs duties on goods, is in force, as mentioned above.
In addition to customs duties on imported goods, South Korea still applies additional charges, namely:
* Value Added Tax (VAT), at a rate of 10%;
* Special Consumption Taxes on certain goods, at variable rates (eg wines - Liquor Tax 30%; malt beer - Liquor Tax 72%);
* Education Tax on the amount paid as Special Consumption Taxes, at variable rates.
The customs tax related to the entry of Portuguese products (or any other Community country) in South Korea, can be consulted by product and, in an updated way, regarding the moment of exportation, on the Market Access Database website, in the Tariffs theme. Products originating in the European Union are subject to EU (European Union) column rights. By clicking on the specific tariff code of the product (more detailed classification), interested parties have access to other tax levies in addition to customs duties.
In this regard, it should be noted that the aforementioned Free Trade Agreement only accepts as proof of the origin of the goods (to benefit from exemption / reduction of customs duties) the origin declaration on the invoice. There is no alternative to the EUR.1 Circulation Certificate (issued by the Tax and Customs Authority - AT, in Portugal), as is the case in most free trade agreements concluded by the EU.
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