Bitcoin Forum
January 17, 2022, 12:56:40 AM *
News: Latest Bitcoin Core release: 22.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: International Customs Tax Info Thread For Sales  (Read 864 times)
IBGigglin
Legendary
*
Offline Offline

Activity: 910
Merit: 1006


BCH Advocate.


View Profile
January 16, 2016, 04:02:43 PM
 #1

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.

 Smiley



Im baaaack! Looking for sig campaign. DM me if interested.
1642381000
Hero Member
*
Offline Offline

Posts: 1642381000

View Profile Personal Message (Offline)

Ignore
1642381000
Reply with quote  #2

1642381000
Report to moderator
1642381000
Hero Member
*
Offline Offline

Posts: 1642381000

View Profile Personal Message (Offline)

Ignore
1642381000
Reply with quote  #2

1642381000
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1642381000
Hero Member
*
Offline Offline

Posts: 1642381000

View Profile Personal Message (Offline)

Ignore
1642381000
Reply with quote  #2

1642381000
Report to moderator
1642381000
Hero Member
*
Offline Offline

Posts: 1642381000

View Profile Personal Message (Offline)

Ignore
1642381000
Reply with quote  #2

1642381000
Report to moderator
BitcoinMarketStore
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
January 16, 2016, 04:45:05 PM
 #2

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.
Zeroxal
Hero Member
*****
Offline Offline

Activity: 896
Merit: 508



View Profile
January 16, 2016, 05:59:02 PM
 #3

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...
BitcoinMarketStore
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
January 16, 2016, 06:58:34 PM
 #4

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.
IBGigglin
Legendary
*
Offline Offline

Activity: 910
Merit: 1006


BCH Advocate.


View Profile
January 17, 2016, 12:53:45 AM
 #5

This thread is for physical internationally shipped coins/packages

Im baaaack! Looking for sig campaign. DM me if interested.
CrackedLogic
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000



View Profile
January 19, 2016, 02:38:02 PM
 #6

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.

 Smiley




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 Roll Eyes

https://www.google.com/search?q=400zar+to+usd

Shocked BUY GAMESWITHBTCITCOINFORDISCOUNTEDPRICES Shocked
Zeroxal
Hero Member
*****
Offline Offline

Activity: 896
Merit: 508



View Profile
January 19, 2016, 03:15:09 PM
 #7

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...
monkeynuts
Legendary
*
Offline Offline

Activity: 1250
Merit: 1259


MONKEYNUTS


View Profile
January 19, 2016, 09:31:12 PM
 #8

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.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!