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Old 30.11.2019, 21:02
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Custom duties, importing from china. Company earning under 100K

Custom duties, importing from china. Company earning under 100K
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good evening ef

i cant seem to get any clarity in regards to this. still pretty new in the business world. am i still liable to taxation and custom duties if the company earns less than 100k a year? many thanks

i just ordered a product worth around 200 odd dollars online, been charged around 40 dollars in duties.

cheers
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Old 30.11.2019, 21:28
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Re: Custom duties, importing from china. Company earning under 100K

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am i still liable to taxation and custom duties if the company earns less than 100k a year? many thanks
Yes.

Please hire an advisor/bookkeeper before you start making big mistakes.
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Old 30.11.2019, 23:19
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Re: Custom duties, importing from china. Company earning under 100K

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Custom duties, importing from china. Company earning under 100K
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good evening ef

i cant seem to get any clarity in regards to this. still pretty new in the business world. am i still liable to taxation and custom duties if the company earns less than 100k a year? many thanks

i just ordered a product worth around 200 odd dollars online, been charged around 40 dollars in duties.

cheers
Yes.
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Old 01.12.2019, 08:37
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Re: Custom duties, importing from china. Company earning under 100K

Duty depends on the original place of manufacturing and most often on the weight of the good and is charged if it is more than CHF 5.

You can look up the duty rates on https://xtares.admin.ch/

Normally most things from china are duty free. What the hell did you order to be charged so much duty? Are you sure you actually paid duty? Or was it in fact the 7.7% import VAT (also charged if more than CHF 5) and handling fees by the shipping company?

If you are a regular importer you can avoid some of the fees charged by the shipping provider by opening an account with customs and providing the shipping provider with the necessary details so that they can charge your customs account directly.

https://www.ezv.admin.ch/ezv/en/home...f-the-fca.html
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Old 01.12.2019, 09:27
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Re: Custom duties, importing from china. Company earning under 100K

You really need to speak to an accountant, or the guys at startups, as I have said a couple of times.

But I'll help you here. The 100,000.00 refers to turnover of your company, and not earnings. Over that you will need to register for MwsT. This has got NOTHING to do with importing. You will pay MwsT and possibly import tax (depending on the products) when you import anything from anywhere, whether your sales are over or under 100,000.00

But once again, go get some professional advice before you get started as it appears from your questions that you really don't know what you're doing. I'm not being rude, I really want you to avoid some expensive mistakes.
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