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Germany is a member of the European Union and thus has a common import customs tariff and complies with trade agreements put in place by the EU. Germany is also a contracting party to the Harmonized System Convention. In regard to trade with non-EU countries, most raw materials enter duty-free, while most manufactured goods are subject to varying rates between 5% and 8%. Germany levies a 15% value-added tax on industrial goods.
Read more: Customs and duties - Germany - tax, import, tariff, system http://www.nationsencyclopedia.com/Euro
Germany is a member of the European Union and thus has a common import customs tariff and complies with trade agreements put in place by the EU. Germany is also a contracting party to the Harmonized System Convention. In regard to trade with non-EU countries, most raw materials enter duty-free, while most manufactured goods are subject to varying rates between 5% and 8%. Germany levies a 15% value-added tax on industrial goods.
Read more: Customs and duties - Germany - tax, import, tariff, system http://www.nationsencyclopedia.com/Euro
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