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Old 10.02.2015, 13:59
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Re: Import tax on internet purchases

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Hello all,


Im looking to purchase items from China for a new online business Im planning to open. I haven't opened a business yet as Im still looking into it, but how does it work with the import tax on internet purchases? Is there a difference if its for private/person use or if its to resell?


Thanks
Huge difference, there is no such thing as tax free border for business. All purchases have to have properly imported. Can cost you a fortune if they catch you importing stuff for business without properly paying taxes for it. If they do they will simply extrapolate from what they know and have you pay taxes for all those good (its your turn then to prove you have paid import tax on them). I know small businesses that had to pay 20-30k in taxes for the last few years.
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