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Title: International Customs Tax Info Thread For Sales Post by: IBGigglin on January 16, 2016, 04:02:43 PM I've been selling physical coins now for a few months from the US to various countries.
A buyer has brought up a good question Im not aware the answer to. Does the receiver have to pay taxes on the declared value of the package on customs label? If so, does this depend on the country? If so, is there a minimum USD increment that if it's labeled under will that void any potential taxes if applicable? Post any situations of international sales you have done with other users and your experiences of this regard. Also post any other useful info about your particular country in regards to abnormal customs regulations/taxes. :) Title: Re: International Customs Tax Info Thread For Sales Post by: BitcoinMarketStore on January 16, 2016, 04:45:05 PM I think is the same for Corrency exchange: If you hold and you have a profit you pay. If have a loss you don't pay.
Title: Re: International Customs Tax Info Thread For Sales Post by: Zeroxal on January 16, 2016, 05:59:02 PM I think is the same for Corrency exchange: If you hold and you have a profit you pay. If have a loss you don't pay. The thread is about customs taxes when receiving a physical bitcoin from overseas. It has nothing to do with currency exchange. Your post is complete bullsh*the and spam...Title: Re: International Customs Tax Info Thread For Sales Post by: BitcoinMarketStore on January 16, 2016, 06:58:34 PM I think is the same for Corrency exchange: If you hold and you have a profit you pay. If have a loss you don't pay. The thread is about customs taxes when receiving a physical bitcoin from overseas. It has nothing to do with currency exchange. Your post is complete bullsh*the and spam...? I post My Experience with italian law. I bought some gold sterling and after sell I must declare my gain on a field of my income statement. Then, before say those word about my post, write your experience or keep silent. Title: Re: International Customs Tax Info Thread For Sales Post by: IBGigglin on January 17, 2016, 12:53:45 AM This thread is for physical internationally shipped coins/packages
Title: Re: International Customs Tax Info Thread For Sales Post by: CrackedLogic on January 19, 2016, 02:38:02 PM I've been selling physical coins now for a few months from the US to various countries. A buyer has brought up a good question Im not aware the answer to. Does the receiver have to pay taxes on the declared value of the package on customs label? If so, does this depend on the country? If so, is there a minimum USD increment that if it's labeled under will that void any potential taxes if applicable? Post any situations of international sales you have done with other users and your experiences of this regard. Also post any other useful info about your particular country in regards to abnormal customs regulations/taxes. :) South African here, Any item with the declared value of over R400(zar) will be taxed -.- I'm not sure of the percentage as my local corrupt post office likes to fiddle with the rate. South Africa ::) https://www.google.com/search?q=400zar+to+usd Title: Re: International Customs Tax Info Thread For Sales Post by: Zeroxal on January 19, 2016, 03:15:09 PM I'm currently having some physical coins delivered from IBGigglin. Did some research on the Internet, found out that anything worth over 20€ will be taxed - he declared it as 90$.
Not sure how much I'd need to now... It's a huge amount of money when you need to add the process fees/handling fees to the tax and some other fees etc... Title: Re: International Customs Tax Info Thread For Sales Post by: monkeynuts on January 19, 2016, 09:31:12 PM UK imports from outside of the EU are as follows
Value over £34, then attracts 20% tax, plus the courier handling fee of between £8 and £14. Under £34 no charge Some couriers just accept the valuations, others check. In the UK parcelforce is the worst for auditing values. Generally, anything shipped by usps express will use parcelforce at this end. Safest always to describe as collectable tokens. Quote values related to metals spot price. |