michaelab
desafinado
I'm just interested in the customs and VAT issues. As I understand it you have to pay 17.5% VAT and roughly 4% customs duty (I know the duty varies depending on what you're buying but it's usually about 4%). Now the questions:
1). Are the VAT and import duty cumulative or separate (ie - do you pay duty on the VAT, or VAT on the duty, or is each one calculated separately on the cost of the goods)?
2). Do you still have to pay VAT on second hand stuff, or just new stuff?
3). Do you have to pay any kind of VAT/duty etc. on any insurance involved in the delivery?
Mate of mine in Portugal wants to buy some cables from Audiogon for about $1000
. Sending them to Portugal is a non-starter because we get all kinds of bureaucratic trumped up charges you have to pay on top of the standard VAT and duty (and VAT here is 19% aswell) so it's a no-no. I said I could let them be delivered to me in the UK and I'll bring them over for him on my next trip but wanted to know a bit more about what costs might be involved.
He'll be using UPS (for security and tracking ability) and also getting the package insured so he can't get the seller to undervalue on the customs declaration.
Any info gratefully received
Michael.
1). Are the VAT and import duty cumulative or separate (ie - do you pay duty on the VAT, or VAT on the duty, or is each one calculated separately on the cost of the goods)?
2). Do you still have to pay VAT on second hand stuff, or just new stuff?
3). Do you have to pay any kind of VAT/duty etc. on any insurance involved in the delivery?
Mate of mine in Portugal wants to buy some cables from Audiogon for about $1000
He'll be using UPS (for security and tracking ability) and also getting the package insured so he can't get the seller to undervalue on the customs declaration.
Any info gratefully received
Michael.