This is not about buying gold, this is about bringing gold into Schweiz. I will
have to declare it because I'm not trying to hide the gold. The airport scanners
can pick that up easily.

Will I get taxed just like bringing in regular stuff? I read on previous threads
that bringing in used items is ok. No tax involved. I don't think there is a
distinction between new gold and old gold. What is involved in getting gold
through customs.

The alternative is is sell the gold here in the States, transfer the money, and
then buy it again here. But I imagine that will be more expensive.

thanks.

DavidSJC

Bring Oil not gold

They won't care. As long you leave it here in one of their fine world famous banking institutions.

Seriously: they are more concerned if you fetch in more than 500g of sausages

No, they are concerned if you bring in more than 500grams of meat. Poultry, charcuteriew, sausages are not counted as they are processed, i believe you can bring in 2kgs of sausages.

I wonder what scanners there are coming into Switzerland? All the scanning is usually done at the departing airport.

Tip: if you come by car do what Goldfinger did...

That is a joke I gather.
You can keep it at home if you like.

When my uncle went missing in the alps and presumed dead; my father found 7 Kgs in the cleaning bucket in the cupboard of his apartment.
Unfortunately and against my advise, my father sold all 7kgs three years ago and then on top of this also against my advise transfered the Swiss Francs on the sale to sterling (chf 2.4 to £1) and then on top of that he purchased an apartment in the UK as an investment to which he has not rented it to this day but is paying council tax and service charges on.
I would guess he has lost 80% of the value of the gold today on his transactions.
Now he will even have UK inheritance tax on his death on the apartment.
Incredible and he is even Swiss.

If you are planning to bring gold from the DRC, you are not the only one. The authorities are very vigilant with regards to DRC and you will have a hard time getting it in and out.

Keep an eye on your bags at all time

Hi, thank for the replies but I'm bringing in gold not sausages. Has anybody
brought gold coins or bars into the country and would like to share what
happened?

Leaving the US my carry-on bag will get scanned so they know that I'm taking
this out of the country. When entering Schweiz they will hand me a form
telling me to declare everything that I'm bringing in? If I say yes, I'm bringing
in $X dollars in gold. What is going to happen?

a. get slapped with customs taxes or whatever tax
b. shrugs and no questions asked

I'm a small fish since I'm posting this question on englishforum.ch. :-) If
I were uber-rich I would be coming in via a chartered flight and going directly
from the airplane into a limo and into a private bank's underground vault.

Seriously though. If anybody has done this personally, please PM me.

thanks

DavidSJC

David,

I don't think you have to declare it when entering Switzerland (if landing at a Swiss airport).

You are a but retricted though becuase you can usually only bring in a suitcase of 25Kg.
Gold is chf 40,928 per kilo. So remember you can only bring in chf 1,023,200 (about the same in US dollars) of gold in the case.
The cost of living is very high here but if you are careful, it should keep you going until you get a job.

Declare it. Simple. Then everything is legal and above board.

You would be wise to declare it in the US and also in Switzerland. Otherwise, you will be suspected of money laundering.

If the gold is a large value: you will likely get caught because you cannot hide it.

So do the right thing and declare it when leaving the US and when entering Switzerland

From http://www.zurich-airport.com/deskto...spx/tabid-127/
No cash restrictions
No import or export restriction apply in Switzerland with respect to cash. However, cross-border cash transfers are regulated by law (SR 631.052).

And read this:
http://www.zoll.de/english_version/f...nal/index.html

You will not be asked to fill in a form. Though one has currently to limbo under ever lowering bars to get into the US, Europe is quite open. Coming from another Shengen country you don't even show you passport.

There is no tax on bring money in. However, if it is suspected this is a result of tax evasion and/or theft and it is discovered in a random customers search at the green 'nothing to declare' lane, you may have to answer to the police. Likewise on leaving the US, when you and your hand luggage are scanned.

Strictly speaking your carry on baggage is limited to 5kgs. I have had mine weight at checking before now and told to either check it in or move stuff about. So that's only about $200,000 worth...

Kiwi, thanks for the pointers to those sites. I will check them out.

DavidSJC

I would also ring USB or CS (both in US and CH) and discuss on the phone.

If one brings gold into CH, from a non-EU country ... what kind of proof is required to declare it as a personal jewellery (<10gms). Can one just walk out of the customs wearing it or in hand luggage.

Thanks in advance

Ashish

Since gold is not taxed in Switzerland (its considred a currencie) i belive the same rules apply to you when bringing it into Switzerland as if you were bringing cash.

You will have to declare it, You might have to proof were it came from or receipts that you bought it but you WONT have to pay tax on it !

VERRY IMPORTENT: You WILL have to declare it to the US customs upon leaving America, otherwise thy have the right to confiscate it...

Thanks
But I plan to buy some personal jewellery in UAE and bring-into CH.
From what I read in the net, I have to pay 2.5% tax on gold imported. What is not clear to me is whether 300 CHF personal import allowance limit is applicable to personal jewellery or not.

Ashish

Im sorry for not including that into my post, but gold is only not taxed if
it rore (not manufactored) ie not jewlery.

Why are you buying jewlery in the uae, very over priced..

If I am not mistaken, price of gold in UAE is quite cheaper as VAT is not imposed.

http://www.ezv.admin.ch/ezv/00433/index.html?lang=en