I feel like we're seeing more and more big clubs dropping reserve squads into the pro leagues lately. Does this actually help develop talent, or is it just a way for the giants to dominate the lower tiers?
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Posts by Anthony Ortiz10
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Importing from China
in Business, Accounting & Taxes ·
Andrew Bailey2 said:Hey everyone,
I was wondering about something lately.
Does importing goods from Hong Kong also trigger customs duties? I’ve been hearing some chatter that bringing stuff in from Hong Kong gets classified a little differently than other places. Is there any truth to that?
Never heard that before, but maybe. I'll check with some buddies at Customs and let you know.
Later
Importing from China
in Business, Accounting & Taxes ·
Got some newer info here if you guys missed it/heard about it
7/1/2013
Joining the European Union opens up a ton of doors and perks for shopping online. Even though people around here aren't quite as obsessed with online shopping as they are in other parts of the EU, there's no doubt it's gonna blow up now, especially when it comes to gadgets and tech gear.
Since America is officially part of the customs union starting today, all that customs oversight on packages from EU countries is gone. Basically, if the package is coming from an EU member state, it should show up at your door in America without any extra headaches—no customs fees or sales tax surprises. Honestly, we can probably expect sites like the German version of Amazon to start shipping everything straight to America pretty soon too.
Now, if you're ordering from outside the EU—meaning China or the United States—you gotta watch out. You only dodge those extra costs if the order is under 22 euros, which is roughly $55, just like before. For stuff worth between 22 and 150 euros, you won't hit customs duties, but you still have to pay sales tax. Anything over 150 euros gets hit with both customs and sales tax. Since the duty on computers and phones was already 0% even before joining the EU, if you're grabbing a gadget from China or the US, it'll be basically the same as always: just the 25% sales tax plus whatever processing fee they charge (which depends on whether it's standard mail or a courier like UPS or FedEx).
So what does this actually mean..
Shopping within the EU? Zero. Nothing. You buy a jersey from Italy and it just shows up. No customs drama, no random bills, nothing.
If something comes from China for personal use—like, I don't know, maybe 15 LED bulbs—you might get away with it. But if you order a massive pile of stuff worth like 30-40 euros, they'll probably ask for a business ID, or maybe it'll slide through with a little persuasion...
Basically, anything up to 22€ (~$53) is free. NOTHING. It's the same rule as always.
From 22€ to 150€, you pay CUSTOMS (that amount changes depending on what it is, but let's say roughly 10%) + 25% sales tax. So you're looking at about 35% in taxes on the total value of the package (item + shipping).
The smartest move is to have the seller make the invoice without the shipping cost listed, because otherwise, you're paying tax and duty on the delivery too, which is just stupid, right?
Charging tax and duty on a delivery service? Makes zero sense, but hey, that's the law I guess...
FOR EXAMPLE
One component costs $233
$233*(0.25+~0.1) =~$82(that's just the tax + duty)
$233 Original price + ~$82
= $315 and then you can grab your package.
Hopefully that clears up how the import stuff works for you guys.
7/1/2013
Joining the European Union opens up a ton of doors and perks for shopping online. Even though people around here aren't quite as obsessed with online shopping as they are in other parts of the EU, there's no doubt it's gonna blow up now, especially when it comes to gadgets and tech gear.
Since America is officially part of the customs union starting today, all that customs oversight on packages from EU countries is gone. Basically, if the package is coming from an EU member state, it should show up at your door in America without any extra headaches—no customs fees or sales tax surprises. Honestly, we can probably expect sites like the German version of Amazon to start shipping everything straight to America pretty soon too.
Now, if you're ordering from outside the EU—meaning China or the United States—you gotta watch out. You only dodge those extra costs if the order is under 22 euros, which is roughly $55, just like before. For stuff worth between 22 and 150 euros, you won't hit customs duties, but you still have to pay sales tax. Anything over 150 euros gets hit with both customs and sales tax. Since the duty on computers and phones was already 0% even before joining the EU, if you're grabbing a gadget from China or the US, it'll be basically the same as always: just the 25% sales tax plus whatever processing fee they charge (which depends on whether it's standard mail or a courier like UPS or FedEx).
So what does this actually mean..
Shopping within the EU? Zero. Nothing. You buy a jersey from Italy and it just shows up. No customs drama, no random bills, nothing.
If something comes from China for personal use—like, I don't know, maybe 15 LED bulbs—you might get away with it. But if you order a massive pile of stuff worth like 30-40 euros, they'll probably ask for a business ID, or maybe it'll slide through with a little persuasion...
Basically, anything up to 22€ (~$53) is free. NOTHING. It's the same rule as always.
From 22€ to 150€, you pay CUSTOMS (that amount changes depending on what it is, but let's say roughly 10%) + 25% sales tax. So you're looking at about 35% in taxes on the total value of the package (item + shipping).
The smartest move is to have the seller make the invoice without the shipping cost listed, because otherwise, you're paying tax and duty on the delivery too, which is just stupid, right?
Charging tax and duty on a delivery service? Makes zero sense, but hey, that's the law I guess...
FOR EXAMPLE
One component costs $233
$233*(0.25+~0.1) =~$82(that's just the tax + duty)
$233 Original price + ~$82
= $315 and then you can grab your package.
Hopefully that clears up how the import stuff works for you guys.
Importing from China
in Business, Accounting & Taxes ·
Mark Murphy79 said:I'm curious about all these people selling sneakers on eBay for $100—how are they actually getting them imported? If customs is such a massive headache, there really shouldn't be this many of them out there
Look, man... you can get away with anything in this country lol😉
Importing from China
in Business, Accounting & Taxes ·
Joshua Wood42 said:I appreciate the response.
Let me ask one more thing.
The Chinese person claims the goods have "no commercial value." Is that actually helpful, or is it just going to complicate the whole process? Also, regarding the invoice—I'm not sure which document I'll need to provide. I'm paying him via Western Union. What happens if I don't have a bank account, or if a friend sends the money for me? It might sound like a stupid question, but I'm new to this and I don't want any surprises.
Look, Customs doesn't care if it's a gift from your brother or some prize from a sweepstakes. You still gotta pay the duty and prove what it cost. They gotta verify it (so you should probably show where you bought it—like a website link), but honestly, I bet you could just show a Western Union receipt and say you're new to this and don't know how it works...
I'm with rim912 on this one
I'd only deal with them through PayPal because at least if they scam you, you can get your money back. But I see they don't even offer PayPal and
their feedback history is empty, so either they haven't sold anything or I just can't see it since I'm not logged in!?
I'd suggest checking Alibaba and once you find someone, just make sure they're a GOLD member (those are the ones you can actually trust)
When a Chinese person tells you there's "no commercial value," they're basically saying they're giving you a way to dodge customs by using an invoice with a way lower price. Once you send that Chinese person the cash, they couldn't care less how much you end up getting hit with at customs. That's your headache when it hits the border.
The people at DHL are pretty chill, you can usually work stuff out with them
but those guys at regular customs, like the USPS or whatever
man, that's a different story.... you need nerves of steel for dealing with them regarding imports
Hope I cleared some things up for you
LP
Importing from China
in Business, Accounting & Taxes ·
Dennis Sanders66 said:Hey! I’ve got a question. I'm looking at an appliance on Alibaba for $1,100 with free shipping. Can I actually import this into the US if I don't have a business license? Thanks!
Depends on what you're actually buying, I guess.
It's possible if it's just for you, though you gotta convince the customs agent it isn't for resale if they ask.🙂
Importing from China
in Business, Accounting & Taxes ·
Here's the deal
it says shipping via FedEx is free
so the price is basically ~$290
tax and customs hit you for about 35%, roughly speaking
870 x 0.35=$101
expect maybe ~$400 total
once it shows up, you just send them the invoice, they handle the customs (~$100) and
it gets dropped right at your door
it says shipping via FedEx is free
so the price is basically ~$290
tax and customs hit you for about 35%, roughly speaking
870 x 0.35=$101
expect maybe ~$400 total
once it shows up, you just send them the invoice, they handle the customs (~$100) and
it gets dropped right at your door