Customs authorities offer customs credit to importers. 2 European Trailer groupage operations with over 100 trailers arriving and departing the UK bound for most of the major European cities each week. As in the case of the EU, certain imports are taxed more than others – especially food and agricultural products. Import duties are not added to products sold within the European Union. Michael Caiacob – Purchasing and Supply Officer. Thus, your Spanish and German customers won’t need to pay customs on products that have already entered EU territory. This section also includes information about the department’s approved arrangements and high risk cargo pests. It is your job to calculate the Customs value and inform your supplier and freight forwarded accordingly. From 1 July 2018, there is no longer a GST threshold. Click here for a list of VAT rates in all EU member states. However, if the car is supplied in … Sourcing and Quality Assurance services, for example. The tax authorities may compare your records (i.e., compare the Commercial Invoice value to the actual transaction amount) during a company audit. FedEx or DHL.). Even if they end up charging you twice, you can in most cases get a refund or tax credits. When importing products from China, it is important to understand import duties, customs fees and clearance documents.As an importer, Chinese manufacturing is a good choice for many products that can be sold locally or online and reap huge profits. Minimum thresholds China’s threats against Australia cannot go unanswered by the United States. Services purchased locally are not part of the declared value. The department works with the import cargo and shipping industries to protect Australia from harmful pests and diseases. Understating the customs value is by far the most common method to reduce the import duty, as the amount is calculated based on the declared customs value. In this article, we explain what every Importer must know about import duties, customs valuation methods, and other taxes when importing products to the following countries and regions. China-Australia Free Trade Agreement (ChAFTA) The China-Australia Free Trade Agreement was signed in 2015 and has gradually reduced tariffs on most products import from China to Australia to zero. China is the largest country that people in USA/Canada/Australia and Europe import from. Don’t hesitate to come by our office for a coffee if you visit Hong Kong, Best Regards, Fredrik Gronkvist, Co-Founder, I accept that this form collects my name, email and other information that may be necessary to reply to my inquiry (read our. product samples), Commission and fees paid for purchasing agents (e.g. Phone: 1300 CARGO1Head Office: 284 Coward Street, Mascot NSW 2020 Sydney AustraliaContact Us, How your shipment to or from China may be impacted by customs and tariffs, The different customs authorities and their roles in handling your cargo arriving from China. It supplements Australia’s national savings, supports local businesses, develops infrastructure, and builds regional economies. Export Finance Australia operates on a commercial basis and works with banks to provide financial solutions to Australian exporters including through loans, guarantees, bonds and insurance products. What many Importers don’t know is that the declared value also includes costs for molds, samples and related services. As trade talks have seemingly stalled, it’s essential for importers worldwide to prepare for what is likely the new normal: 1. All companies importing to the US are affected by the new tariffs, including non-US companies importing as a foreign importer of record, 2. Hence, buyers cannot reduce the declared value by declaring part of the payment as a cost for design services. Your email address will not be published. Personal Import – You must have lived overseas and owned your vehicle for more than 12 months to be eligable for this permit. However, VAT added on imported products are treated as VAT paid on purchases made within the EU (including purchases from other EU states). 1.5 If Australia, no requirement for importers (companies or individuals) to hold an import licence. 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