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Posts by Jose Reed2

6 posts shown.

Importing from China in Business, Accounting & Taxes ·
Thanks for getting back to me

But what if I decided to take a trip over to Thailand instead
and picked up some goods there worth about $6.75
and he just issues the invoice under my own name$3.25?
Do you think the folks at Customs might try to mess with my paperwork or cause some trouble🙂?
Importing from China in Business, Accounting & Taxes ·
Thanks for all the helpful advice so far...
Do I need to request a specific type of invoice from my suppliers in Thailand or China to properly prove the value of my goods?
Also, could I run into any trouble here in the States if my invoice says the shipment is worth, say, $2,000, but Customs decides it’s actually worth at least $4,000?
Sorry if these questions seem a bit naive, I'm still just finding my footing in this whole industry...🙂
Importing from China in Business, Accounting & Taxes ·
Thanks so much, girl!
But anyway, I was wondering... does that shipping company handle all the customs duties and sales tax, or am I going to end up paying extra fees on top of everything else through my broker?🙂
Importing from China in Business, Accounting & Taxes ·
What exactly does a freight forwarder bring to the table when I'm already looking at a 14% tax rate plus sales tax? How much is this going to end up costing me in the long run... how does the whole process actually work?
Sorry, I'm still a total novice when it comes to all this stuff...🙂
Importing from China in Business, Accounting & Taxes ·
So, just to make sure I'm following the math correctly... if I import goods worth $6.75, and I'll be hit with $933 in customs duties plus sales tax totaling $1.50, does that mean my total out-of-pocket cost ends up being $2.50?

Thanks for clearing that up! I actually have one more question for you

I was wondering if that 14% rate is a flat tariff applied to any country I source textiles from, or is that specific to imports coming from China... or perhaps Thailand?

thanks🙂
Importing from China in Business, Accounting & Taxes ·
Hi everyone,

I was wondering if anyone here has had any experience importing textiles—specifically t-shirts—from China or Thailand...
Since I'm still figuring out how the tax situation works over here, I’d love to know what the standard procedure looks like regarding customs and duties in the States...

Thanks in advance for any insight you can share.🙂