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Title: Duty, Tariff, VAT Rates Post by: minefarmbuy on December 09, 2019, 03:54:40 AM Import Rates by Country/Region for Asic units from China. Please reply with additions and relevant sources be added to this first post.
United States: 2.6% duty, 25% tariff Canada: 5% Additional rate per province for consumer imports.
EU VAT Austria: 20% Belgium: 21% Bulgaria: 20% Croatia: 25% Cyprus: 19% Czech Republic: 21% Denmark: 25% Estonia: 20% Finland: 24% France: 20% Germany: 19% Greece: 24% Hungary: 27% Ireland: 23% Italy: 22% Latvia: 21% Lithuania: 21% Luxembourg: 17% Malta: 18% Netherlands: 21% Poland: 23% Portugal: 23% Romania: 19% Slovak Republic: 20% Slovenia: 22% Spain: 21% Sweden: 25% United Kingdom: 20% Serbia 20% VAT Africa South Africa 15% VAT Vietnam: 10% Title: Re: Duty, Tariff, VAT Rates Post by: Biffa on December 09, 2019, 07:51:33 AM EU country VAT rates
Austria 20 Belgium 21 Bulgaria 20 Croatia 25 Cyprus 19 Czech Republic 21 Denmark 25 Estonia 20 Finland 24 France 20 Germany 19 Greece 24 Hungary 27 Ireland 23 Italy 22 Latvia 21 Lithuania 21 Luxembourg 17 Malta 18 Netherlands 21 Poland 23 Portugal 23 Romania 20 Slovak Republic 20 Slovenia 22 Spain 21 Sweden 25 United Kingdom 20 Canada: Import duty 5% Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on December 09, 2019, 02:03:30 PM Wow, biffa where did you compile this from?
Title: Re: Duty, Tariff, VAT Rates Post by: Biffa on December 09, 2019, 04:17:50 PM I live in Europe, but mine in Canada and the US
Title: Re: Duty, Tariff, VAT Rates Post by: digital$ on December 09, 2019, 08:53:45 PM South Africa...15%
Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on December 10, 2019, 04:23:42 AM I live in Europe, but mine in Canada and the US Appreciated. South Africa...15% Thank you as well. Title: Re: Duty, Tariff, VAT Rates Post by: favebook on December 10, 2019, 01:21:10 PM Serbia has 20% VAT and you can always count on additional ~70$ for customs clearance
Title: Re: Duty, Tariff, VAT Rates Post by: taserz on December 11, 2019, 03:11:56 PM This data is 2 years old but is still pretty relevant since most did not change.
Code: Import to country Sales tax Title: Re: Duty, Tariff, VAT Rates Post by: philipma1957 on December 11, 2019, 03:25:30 PM USA has changed to 27.6-37.6% if china made 27.6 if cuba or korea 37.6%
and 2.6 % if mining gear is from other countries then the ones above and was always 2.6% if over 2500 and any old thing from anyplace. plus your state if it has sales tax wants a piece. in NJ it is around 7% on any import of any kind = some exceptions are clothes. any price any place. Title: Re: Duty, Tariff, VAT Rates Post by: taserz on December 11, 2019, 03:48:25 PM All nice tax write offs!
Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on December 11, 2019, 05:31:41 PM Tazerz you state sales tax? Or are these duty import taxes?
Title: Re: Duty, Tariff, VAT Rates Post by: mgoz on December 11, 2019, 09:21:20 PM USA has changed to 27.6-37.6% if china made. Not true. It's 2.6% and Section 301 ruling still 25%. What minefarmbuy referenced previously that showed 35% was for goods from Cuba or North Korea. Title: Re: Duty, Tariff, VAT Rates Post by: philipma1957 on December 11, 2019, 10:10:24 PM Not true. It's 2.6% and Section 301 ruling still 25%. What minefarmbuy referenced previously that showed 35% was for goods from Cuba or North Korea. changed it. Still 27.6% plus 7% for NJ = 34.6% a lot of coin to pay the government. Title: Re: Duty, Tariff, VAT Rates Post by: Steamtyme on December 14, 2019, 04:16:43 AM For Canada. The 5% is only the base rate and what is expected for a business or importing to a business, that is the GST {Goods and Services Tax}. Everyone has to pay this on import. A registered business is exempt from paying PST {Provincial sales tax} on the items they purchase for their business - that or they make a claim for reimbursement.
So for any personal purchases you get hit much harder in most provinces, which varies by province. See below the additional % you can expect to pay for personal import of mining gear. Some of the provinces below use an HST tax system so I'm unsure how they go about handling this portion of taxation but I always assume the officials will get their dollars from you at some point. Alberta 0% British Columbia (BC) 7% Manitoba 7% New-Brunswick 10% Newfoundland and Labrador 10% Northwest Territories 0% Nova Scotia 10% Nunavut 0% Ontario 8% Prince Edward Island (PEI) 10% Québec 9.975% Saskatchewan 6% Yukon 0% My personal experience has always been that I pay a lump sum to whoever the carrier is before it leaves their warehouse for delivery. Better source: https://en.wikipedia.org/wiki/Sales_taxes_in_Canada Title: Re: Duty, Tariff, VAT Rates Post by: Ze777 on December 23, 2019, 07:57:56 PM You guys can update this for Romania,it is 19% VAT rate,and NO additional duties. They wanted to do -1%, making it 18% for 2019 but that went out the window ,we`ll see what 2020 will bring.
Can confirm this 100% Cheers :D Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on April 15, 2020, 02:22:44 PM Naderland 21% Confirmed, and already on list thank you. Title: Re: Duty, Tariff, VAT Rates Post by: favebook on April 15, 2020, 02:46:42 PM Tho, you didn't add Serbia, you only added Siberia (which I am not sure if we have data on).
Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on April 15, 2020, 02:52:22 PM Tho, you didn't add Serbia, you only added Siberia (which I am not sure if we have data on). Typo, is corrected. Title: Re: Duty, Tariff, VAT Rates Post by: Gabrics on September 07, 2020, 02:44:58 PM EU VAT you can usually claim back (or not pay) as a EU VAT registered company.
Not that it helps miners with the power rates all over the EU... Title: Re: Duty, Tariff, VAT Rates Post by: favebook on September 07, 2020, 06:24:21 PM EU VAT you can usually claim back (or not pay) as a EU VAT registered company. Not that it helps miners with the power rates all over the EU... Same here in Serbia, but not every miner has company under his name or wants to be connected to company. Also, there is a lot of laws that might make it harder for you to do that or even forbid you from doing that. In Serbia, miners are categorized as machines for gambling (even though they are not that per se). I imported 3 PSUs and 2 ASICs via my company and was able to claim back VAT (at end of the year) for 3 PSUs but I couldn't claim it back for ASICs and it made paperwork a hell of a mess that year. For individuals however, you cannot claim back or skip paying VAT in majority (or whole) EU and Europe even. Title: Re: Duty, Tariff, VAT Rates Post by: Moeter81 on October 27, 2020, 04:46:48 AM Due to Corona, the VAT rate in Germany was reduced from 19% to 16%.
Title: Re: Duty, Tariff, VAT Rates Post by: Valnurat on November 06, 2020, 11:55:49 AM Does anyone knows if there's import duty to Denmark from USA?
Title: Re: Duty, Tariff, VAT Rates Post by: Biffa on November 06, 2020, 04:25:28 PM https://www.privacyshield.gov/article?id=Denmark-import-tariffs
Title: Re: Duty, Tariff, VAT Rates Post by: malevolent on December 27, 2020, 06:48:14 PM Due to Corona, the VAT rate in Germany was reduced from 19% to 16%. Only from July 1st to December 31st. Starting on Friday old rates will apply. List of countries with VAT cuts and payment delays: https://www.avalara.com/vatlive/en/vat-news/world-turns-to-vat-cuts-on-coronavirus-threat.html Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on January 11, 2021, 05:39:18 PM Thank you for the updates all. I'll check and adjust the first post this week. I'm also working on a de minimis list but my data is a couple years old, hopefully I can get more recent info sort term for a new thread on that. Not that it matters for asics as much since there was no exemption, but most US tariff exemptions have ended in the US as of Jan 1st, likely you'll see increases in pricing for other equipment relevant to mining. Title: Re: Duty, Tariff, VAT Rates Post by: joker_josue on March 20, 2021, 02:13:54 AM It is worth mentioning that, as of July 2021, all orders originating in countries outside the European Union are subject to the payment of VAT, regardless of the value of the order.
Title: Re: Duty, Tariff, VAT Rates Post by: Welladin75 on April 07, 2021, 08:47:55 PM What is the VAT? And VAT tariff?
Title: Re: Duty, Tariff, VAT Rates Post by: NotFuzzyWarm on April 07, 2021, 09:08:45 PM What is the VAT? And VAT tariff? Value Added Tax. The amount of VAT all depends on which non-US country you live in. The USA only has the Trump Tariff.Title: Re: Duty, Tariff, VAT Rates Post by: HagssFIN on April 07, 2021, 11:32:27 PM VAT (value added tax) is something that you need to pay way much here in Finland ;D
Title: Re: Duty, Tariff, VAT Rates Post by: PopoJeff on October 14, 2021, 12:09:40 PM Is anyone aware of any current tariff information regarding China vs Hong Kong origin? I recall Hong Kong previously being declared autonomous from China, and the 25% tariff not being applicable to items originating from HK.
I got shipping information from Bitmain today and tracking shows it originating in HK. Which offers a glimmer of hope to avoid tariff. But I also recall possibly seeing information that rules changed, HK being declared "not autonomous enough", and items from HK needed to be labeled as made in China. Anyone have actual knowledge or recent experience, or am I just gonna wait and see? Title: Re: Duty, Tariff, VAT Rates Post by: NotFuzzyWarm on October 14, 2021, 12:38:53 PM Hong Kong has very few component production companies or assembly factories and where the major production of sub assemblies and final assembly occurs is what matters. In other words most of Bitmain miners are Made In China. Not sure if BM still runs any Malaysian factories that they used to get around the tariff regulations.
Yer just going to have to wait and see. Title: Re: Duty, Tariff, VAT Rates Post by: PopoJeff on October 29, 2021, 10:08:29 PM Hong Kong has very few component production companies or assembly factories and where the major production of sub assemblies and final assembly occurs is what matters. In other words most of Bitmain miners are Made In China. Not sure if BM still runs any Malaysian factories that they used to get around the tariff regulations. Yer just going to have to wait and see. Units arrived today, after I was contacted by UPS yesterday. And the answer is..... YES. I did have to pay the 25% tariff. Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on November 22, 2021, 10:55:37 PM Country of orgin is what matters, location of shipment is moot concerning declirations on import.
Title: Re: Duty, Tariff, VAT Rates Post by: romeshomey on November 28, 2021, 03:16:00 PM Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37.
Title: Re: Duty, Tariff, VAT Rates Post by: NotFuzzyWarm on November 28, 2021, 05:44:11 PM Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37. I highly doubt that as it creates a huge risk for them. Prove it.Them doing something like that is highly illegal and if caught doing it WILL result in them not being allowed to ship ANYTHING to the USA. Everyone here in the the Forum that live in the USA has had to pay the tariff. Title: Re: Duty, Tariff, VAT Rates Post by: HagssFIN on November 28, 2021, 05:45:38 PM Bitmain has never undervalued anything in invoice for products I have bought from them. I've bought models like S2, S7, S9, S15, A3, L3+, R4 ...
Title: Re: Duty, Tariff, VAT Rates Post by: minefarmbuy on January 26, 2022, 09:58:43 PM Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37. late reply but this 1000% incorrect. Title: Re: Duty, Tariff, VAT Rates Post by: PopoJeff on January 26, 2022, 10:06:25 PM Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37. late reply but this 1000% incorrect. Can confirm. The actual value is stated. So break out the checkbook for Uncle Sam Title: Re: Duty, Tariff, VAT Rates Post by: NotFuzzyWarm on January 26, 2022, 10:53:52 PM Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37. late reply but this 1000% incorrect.Btmain nor any other manufacturer or distributor would risk that. Title: Re: Duty, Tariff, VAT Rates Post by: Canaan Online Shop on September 29, 2022, 02:29:33 AM Hello, anybody knows the import tax for Brazil?
Title: Re: Duty, Tariff, VAT Rates Post by: NotFuzzyWarm on September 29, 2022, 05:41:43 PM Just dos search using "Brazil import tax".
one result is https://www.privacyshield.gov/article?id=Brazil-Import-Tariffs another is https://santandertrade.com/en/portal/international-shipments/brazil/customs-procedures A quote from that last one Quote Rates usually vary between 10% and 35% Later on in the search you come across numbers as high as 60%.Ouch! Title: Re: Duty, Tariff, VAT Rates Post by: Canaan Online Shop on December 26, 2022, 08:24:09 AM Just dos search using "Brazil import tax". one result is https://www.privacyshield.gov/article?id=Brazil-Import-Tariffs another is https://santandertrade.com/en/portal/international-shipments/brazil/customs-procedures A quote from that last one Quote Rates usually vary between 10% and 35% Later on in the search you come across numbers as high as 60%.Ouch! It's more than 60%, it seems the Brazil customs charged twice :( The first time they charged 60% of the total value(Miner value plus shipping cost) The second time they charged 25% of the total value plus the first tax. For example, if the miner value is $800 and the shipping fee is $200 The total import tax is : ($800+$200) * 60% + [ $1000+ ($800+$200) * 60%] * 25%=$600+$400=$1000 Title: Re: Duty, Tariff, VAT Rates Post by: kellyrobin on January 20, 2023, 07:32:51 AM The rate of GST varies from 5% to 28% depending upon the category of goods and services, the general rate of tax being 18% in india. Additionally, for certain goods a Compensation Cess is also levied at various rates prescribed by the India Government.
Title: Re: Duty, Tariff, VAT Rates Post by: Cargober_Nevada on December 18, 2023, 10:21:12 PM I live in Europe, but mine in Canada and the US Smart. |