Quote:
Originally Posted by electronic1961
I am not sure about that, here is the invoice for customs. The total is $200.00 only.
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yes that was my point.
non-perishable goods from China receive a Import VAT (Value Added Tax) of 17% on declared value over $200.
So this company shows on the invoice to customs $200 (which to a point can be considered a legit cost/value of a "car monitor") instead of the full $867 as the value.
@ $867 the buyer would have to pay an additional $147.39 in Import VAT
@ $200 the Import VAT is Zero.
the shipping doesn't cost them $200 they use that as the price point to as to avoid the buyer paying the Import VAT, so the $200 is basically worked into the cost of the unit..
make sense?
-- My former and current company deal with importing and exporting products to and from Asia and Australia all the time, there are lots of ways companies and people work around the 17% Import VAT.