Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 30.11.2019, 22:02
Newbie
 
Join Date: Nov 2019
Location: Basilisk
Posts: 6
Groaned at 0 Times in 0 Posts
Thanked 0 Times in 0 Posts
Frank has no particular reputation at present
Custom duties, importing from china. Company earning under 100K

Custom duties, importing from china. Company earning under 100K
Reply


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
Reply With Quote
  #2  
Old 30.11.2019, 22:28
Forum Legend
 
Join Date: Mar 2016
Location: Leimbach, Zürich
Posts: 6,101
Groaned at 357 Times in 290 Posts
Thanked 6,913 Times in 3,466 Posts
EdwinNL has a reputation beyond reputeEdwinNL has a reputation beyond reputeEdwinNL has a reputation beyond reputeEdwinNL has a reputation beyond reputeEdwinNL has a reputation beyond repute
Re: Custom duties, importing from china. Company earning under 100K

Quote:
View Post
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.
Reply With Quote
The following 3 users would like to thank EdwinNL for this useful post:
  #3  
Old 01.12.2019, 00:19
Jim2007's Avatar
Forum Legend
 
Join Date: Jun 2006
Location: Kt. Bern
Posts: 4,403
Groaned at 118 Times in 101 Posts
Thanked 5,242 Times in 2,478 Posts
Jim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond reputeJim2007 has a reputation beyond repute
Re: Custom duties, importing from china. Company earning under 100K

Quote:
View Post
Custom duties, importing from china. Company earning under 100K
Reply


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.
Reply With Quote
  #4  
Old 01.12.2019, 09:37
aSwissInTheUS's Avatar
Forum Legend
 
Join Date: Nov 2007
Location: Zurich area
Posts: 10,797
Groaned at 83 Times in 74 Posts
Thanked 16,340 Times in 7,264 Posts
aSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond reputeaSwissInTheUS has a reputation beyond repute
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
__________________
"I think so, Brain. But where are we going to find a gallon of whip cream and three yards of lederhosen at this time of night? Narf!"
Reply With Quote
This user would like to thank aSwissInTheUS for this useful post:
  #5  
Old 01.12.2019, 10:27
grumpygrapefruit's Avatar
Forum Legend
 
Join Date: Feb 2007
Location: Zuriwest
Posts: 6,071
Groaned at 37 Times in 36 Posts
Thanked 15,731 Times in 4,120 Posts
grumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond reputegrumpygrapefruit has a reputation beyond repute
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.
__________________
Mike

Monger of fine British Cheeses
Reply With Quote
The following 4 users would like to thank grumpygrapefruit for this useful post:
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
legal ways to avoid swiss custom postal duties hoslo Commercial 0 18.11.2012 16:57
Importing cars into Switzerland: info on import duties Marusha Transportation/driving 67 30.08.2012 19:34
Custom duties how does it work bison General off-topic 0 14.11.2010 20:19
're-importing' goods - customs duties Phil_MCR Daily life 8 13.12.2009 15:29


All times are GMT +2. The time now is 14:43.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0