I live in Europe, but mine in Canada and the US
Smart.
Topic: Duty, Tariff, VAT Rates (Read 35743 times)
Smart.
The rate of GST varies from 5% to 28% depending upon the category of goods and services, the general rate of tax being 18% in india. Additionally, for certain goods a Compensation Cess is also levied at various rates prescribed by the India Government.
Just dos search using "Brazil import tax".
one result is https://www.privacyshield.gov/article?id=Brazil-Import-Tariffs
another is https://santandertrade.com/en/portal/international-shipments/brazil/customs-procedures
A quote from that last one
Ouch!
one result is https://www.privacyshield.gov/article?id=Brazil-Import-Tariffs
another is https://santandertrade.com/en/portal/international-shipments/brazil/customs-procedures
A quote from that last one
Quote
Rates usually vary between 10% and 35%
Later on in the search you come across numbers as high as 60%.Ouch!
It's more than 60%, it seems the Brazil customs charged twice
The first time they charged 60% of the total value(Miner value plus shipping cost)
The second time they charged 25% of the total value plus the first tax.
For example, if the miner value is $800 and the shipping fee is $200
The total import tax is : ($800+$200) * 60% + [ $1000+ ($800+$200) * 60%] * 25%=$600+$400=$1000
Just dos search using "Brazil import tax".
one result is https://www.privacyshield.gov/article?id=Brazil-Import-Tariffs
another is https://santandertrade.com/en/portal/international-shipments/brazil/customs-procedures
A quote from that last one
Ouch!
one result is https://www.privacyshield.gov/article?id=Brazil-Import-Tariffs
another is https://santandertrade.com/en/portal/international-shipments/brazil/customs-procedures
A quote from that last one
Quote
Rates usually vary between 10% and 35%
Later on in the search you come across numbers as high as 60%.Ouch!
Hello, anybody knows the import tax for Brazil?
Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37.
late reply but this 1000% incorrect.Btmain nor any other manufacturer or distributor would risk that.
Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37.
late reply but this 1000% incorrect.
Can confirm. The actual value is stated. So break out the checkbook for Uncle Sam
Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37.
late reply but this 1000% incorrect.
Bitmain has never undervalued anything in invoice for products I have bought from them. I've bought models like S2, S7, S9, S15, A3, L3+, R4 ...
Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37.
I highly doubt that as it creates a huge risk for them. Prove it.Them doing something like that is highly illegal and if caught doing it WILL result in them not being allowed to ship ANYTHING to the USA.
Everyone here in the the Forum that live in the USA has had to pay the tariff.
Bitmain puts $150 as the value of the miners on the shipping invoice that goes to customs, so the 25% tariff ends up being around $37.
Country of orgin is what matters, location of shipment is moot concerning declirations on import.
Hong Kong has very few component production companies or assembly factories and where the major production of sub assemblies and final assembly occurs is what matters. In other words most of Bitmain miners are Made In China. Not sure if BM still runs any Malaysian factories that they used to get around the tariff regulations.
Yer just going to have to wait and see.
Yer just going to have to wait and see.
Units arrived today, after I was contacted by UPS yesterday. And the answer is..... YES. I did have to pay the 25% tariff.
Hong Kong has very few component production companies or assembly factories and where the major production of sub assemblies and final assembly occurs is what matters. In other words most of Bitmain miners are Made In China. Not sure if BM still runs any Malaysian factories that they used to get around the tariff regulations.
Yer just going to have to wait and see.
Yer just going to have to wait and see.
Is anyone aware of any current tariff information regarding China vs Hong Kong origin? I recall Hong Kong previously being declared autonomous from China, and the 25% tariff not being applicable to items originating from HK.
I got shipping information from Bitmain today and tracking shows it originating in HK. Which offers a glimmer of hope to avoid tariff. But I also recall possibly seeing information that rules changed, HK being declared "not autonomous enough", and items from HK needed to be labeled as made in China.
Anyone have actual knowledge or recent experience, or am I just gonna wait and see?
I got shipping information from Bitmain today and tracking shows it originating in HK. Which offers a glimmer of hope to avoid tariff. But I also recall possibly seeing information that rules changed, HK being declared "not autonomous enough", and items from HK needed to be labeled as made in China.
Anyone have actual knowledge or recent experience, or am I just gonna wait and see?
VAT (value added tax) is something that you need to pay way much here in Finland 
What is the VAT? And VAT tariff?
Value Added Tax. The amount of VAT all depends on which non-US country you live in. The USA only has the Trump Tariff.
What is the VAT? And VAT tariff?
It is worth mentioning that, as of July 2021, all orders originating in countries outside the European Union are subject to the payment of VAT, regardless of the value of the order.
Thank you for the updates all. I'll check and adjust the first post this week.
I'm also working on a de minimis list but my data is a couple years old, hopefully I can get more recent info sort term for a new thread on that.
I'm also working on a de minimis list but my data is a couple years old, hopefully I can get more recent info sort term for a new thread on that.
Not that it matters for asics as much since there was no exemption, but most US tariff exemptions have ended in the US as of Jan 1st, likely you'll see increases in pricing for other equipment relevant to mining.
Due to Corona, the VAT rate in Germany was reduced from 19% to 16%.
Only from July 1st to December 31st. Starting on Friday old rates will apply.
List of countries with VAT cuts and payment delays:
https://www.avalara.com/vatlive/en/vat-news/world-turns-to-vat-cuts-on-coronavirus-threat.html
Does anyone knows if there's import duty to Denmark from USA?
Due to Corona, the VAT rate in Germany was reduced from 19% to 16%.
EU VAT you can usually claim back (or not pay) as a EU VAT registered company.
Not that it helps miners with the power rates all over the EU...
Not that it helps miners with the power rates all over the EU...
Same here in Serbia, but not every miner has company under his name or wants to be connected to company. Also, there is a lot of laws that might make it harder for you to do that or even forbid you from doing that. In Serbia, miners are categorized as machines for gambling (even though they are not that per se).
I imported 3 PSUs and 2 ASICs via my company and was able to claim back VAT (at end of the year) for 3 PSUs but I couldn't claim it back for ASICs and it made paperwork a hell of a mess that year.
For individuals however, you cannot claim back or skip paying VAT in majority (or whole) EU and Europe even.
EU VAT you can usually claim back (or not pay) as a EU VAT registered company.
Not that it helps miners with the power rates all over the EU...
Not that it helps miners with the power rates all over the EU...
Tho, you didn't add Serbia, you only added Siberia (which I am not sure if we have data on).
Typo, is corrected.
Tho, you didn't add Serbia, you only added Siberia (which I am not sure if we have data on).
You guys can update this for Romania,it is 19% VAT rate,and NO additional duties. They wanted to do -1%, making it 18% for 2019 but that went out the window ,we`ll see what 2020 will bring.
Can confirm this 100%
Cheers
Can confirm this 100%
Cheers
For Canada. The 5% is only the base rate and what is expected for a business or importing to a business, that is the GST {Goods and Services Tax}. Everyone has to pay this on import. A registered business is exempt from paying PST {Provincial sales tax} on the items they purchase for their business - that or they make a claim for reimbursement.
So for any personal purchases you get hit much harder in most provinces, which varies by province. See below the additional % you can expect to pay for personal import of mining gear. Some of the provinces below use an HST tax system so I'm unsure how they go about handling this portion of taxation but I always assume the officials will get their dollars from you at some point.
Alberta 0%
British Columbia (BC) 7%
Manitoba 7%
New-Brunswick 10%
Newfoundland and Labrador 10%
Northwest Territories 0%
Nova Scotia 10%
Nunavut 0%
Ontario 8%
Prince Edward Island (PEI) 10%
Québec 9.975%
Saskatchewan 6%
Yukon 0%
My personal experience has always been that I pay a lump sum to whoever the carrier is before it leaves their warehouse for delivery.
Better source: https://en.wikipedia.org/wiki/Sales_taxes_in_Canada
So for any personal purchases you get hit much harder in most provinces, which varies by province. See below the additional % you can expect to pay for personal import of mining gear. Some of the provinces below use an HST tax system so I'm unsure how they go about handling this portion of taxation but I always assume the officials will get their dollars from you at some point.
Alberta 0%
British Columbia (BC) 7%
Manitoba 7%
New-Brunswick 10%
Newfoundland and Labrador 10%
Northwest Territories 0%
Nova Scotia 10%
Nunavut 0%
Ontario 8%
Prince Edward Island (PEI) 10%
Québec 9.975%
Saskatchewan 6%
Yukon 0%
My personal experience has always been that I pay a lump sum to whoever the carrier is before it leaves their warehouse for delivery.
Better source: https://en.wikipedia.org/wiki/Sales_taxes_in_Canada
Not true. It's 2.6% and Section 301 ruling still 25%. What minefarmbuy referenced previously that showed 35% was for goods from Cuba or North Korea.
changed it.
Still 27.6% plus 7% for NJ = 34.6% a lot of coin to pay the government.
USA has changed to 27.6-37.6% if china made.
Not true. It's 2.6% and Section 301 ruling still 25%. What minefarmbuy referenced previously that showed 35% was for goods from Cuba or North Korea.
Tazerz you state sales tax? Or are these duty import taxes?
All nice tax write offs!
USA has changed to 27.6-37.6% if china made 27.6 if cuba or korea 37.6%
and 2.6 % if mining gear is from other countries then the ones above
and was always 2.6% if over 2500 and any old thing from anyplace.
plus your state if it has sales tax wants a piece.
in NJ it is around 7% on any import of
any kind = some exceptions are clothes.
any price
any place.
and 2.6 % if mining gear is from other countries then the ones above
and was always 2.6% if over 2500 and any old thing from anyplace.
plus your state if it has sales tax wants a piece.
in NJ it is around 7% on any import of
any kind = some exceptions are clothes.
any price
any place.
This data is 2 years old but is still pretty relevant since most did not change.
Code:
Import to country Sales tax
Algeria 19%
Andorra 4.50%
Antigua And Barbuda 15%
Argentina 21%
Aruba No sales tax
Austria 20%
Azerbaijan 18%
Azores 18%
Bahrain 5%
Bangladesh 0%
Barbados 17.50%
Belarus 20%
Belgium 21%
Belize 12.50%
Bermuda No sales tax
Bolivia 14.94%
Bosnia And Herzegovina 17%
Botswana 12%
Brazil Depends on province
Brunei Darussalam No sales tax
Bulgaria 20%
Burundi 18%
Cambodia 10%
Canada Depends on province
Canary Islands 7%
Cayman Islands No sales tax
Chile 19%
Colombia 19%
Costa Rica 13%
Croatia 25%
Cyprus 19%
Czech Republic 21%
Denmark 25%
Dominica 15%
Dominican Republic 18%
Ecuador 12%
Egypt 14%
El Salvador 13%
Estonia 20%
Finland 24%
France 20%
French Guiana No sales tax
Germany 19%
Gibraltar No sales tax
Greece 24%
Grenada 15%
Guadeloupe 8.50%
Guatemala 12%
Guernsey No sales tax
Guyana 14%
Honduras 15%
Hong Kong No sales tax
Hungary 27%
Iceland 24%
India 18%
Indonesia 10%
Iran 9%
Ireland 23%
Isle of Man 20%
Israel 17%
Italy 22%
Jamaica 16.50%
Japan 10%
Jersey 5%
Jordan 16%
Kazakhstan 12%
Kenya 16%
Kuwait No sales tax
Lao People's Democratic Republic 10%
Latvia 21%
Lebanon 0%
Lesotho 15%
Liechtenstein 7.70%
Lithuania 21%
Luxembourg 17%
Macau No sales tax
Madeira 22%
Malaysia 5%
Maldives No sales tax
Malta 18%
Martinique 8.50%
Mayotte No sales tax
Mexico 16%
Monaco 20%
Montserrat No sales tax
Morocco 20%
Myanmar 5%
Namibia 15%
Netherlands 21%
New Zealand 15%
Nicaragua 15%
Nigeria 5%
Norway 25%
Oman No sales tax
Pakistan 17%
Panama 7%
Paraguay 10%
Peru 16%
Philippines 12%
Poland 23%
Portugal 23%
Puerto Rico 11.50%
Qatar No sales tax
Reunion 8.50%
Romania 19%
Russian Federation 20%
Rwanda 0%
Saint Kitts And Nevis 17%
Saint Lucia 12.50%
Saint Martin No sales tax
Saint Vincent And The Grenadines 16%
San Marino No sales tax
Saudi Arabia 5%
Serbia 20%
Singapore 7%
Slovakia 20%
Slovenia 22%
South Africa 15%
South Korea 10%
Spain 21%
Sri Lanka 0%
Suriname 10%
Swaziland 15%
Sweden 25%
Switzerland 7.70%
Taiwan (ROC) 5%
Tanzania 18%
Thailand 7%
Trinidad And Tobago 12.50%
Turkey 18%
Turks And Caicos Islands No sales tax
Uganda 18%
Ukraine 20%
United Arab Emirates 5%
United Kingdom 20%
United States No sales tax
Uruguay 22%
Venezuela 16%
Vietnam 10%
Serbia has 20% VAT and you can always count on additional ~70$ for customs clearance
I live in Europe, but mine in Canada and the US
Appreciated.
South Africa...15%
Thank you as well.
South Africa...15%
I live in Europe, but mine in Canada and the US
Wow, biffa where did you compile this from?
EU country VAT rates
Austria 20
Belgium 21
Bulgaria 20
Croatia 25
Cyprus 19
Czech Republic 21
Denmark 25
Estonia 20
Finland 24
France 20
Germany 19
Greece 24
Hungary 27
Ireland 23
Italy 22
Latvia 21
Lithuania 21
Luxembourg 17
Malta 18
Netherlands 21
Poland 23
Portugal 23
Romania 20
Slovak Republic 20
Slovenia 22
Spain 21
Sweden 25
United Kingdom 20
Canada: Import duty 5%
Austria 20
Belgium 21
Bulgaria 20
Croatia 25
Cyprus 19
Czech Republic 21
Denmark 25
Estonia 20
Finland 24
France 20
Germany 19
Greece 24
Hungary 27
Ireland 23
Italy 22
Latvia 21
Lithuania 21
Luxembourg 17
Malta 18
Netherlands 21
Poland 23
Portugal 23
Romania 20
Slovak Republic 20
Slovenia 22
Spain 21
Sweden 25
United Kingdom 20
Canada: Import duty 5%
Import Rates by Country/Region for Asic units from China. Please reply with additions and relevant sources be added to this first post.
United States: 2.6% duty, 25% tariff
Canada: 5%
Additional rate per province for consumer imports.
EU VAT
Austria: 20%
Belgium: 21%
Bulgaria: 20%
Croatia: 25%
Cyprus: 19%
Czech Republic: 21%
Denmark: 25%
Estonia: 20%
Finland: 24%
France: 20%
Germany: 19%
Greece: 24%
Hungary: 27%
Ireland: 23%
Italy: 22%
Latvia: 21%
Lithuania: 21%
Luxembourg: 17%
Malta: 18%
Netherlands: 21%
Poland: 23%
Portugal: 23%
Romania: 19%
Slovak Republic: 20%
Slovenia: 22%
Spain: 21%
Sweden: 25%
United Kingdom: 20%
Serbia 20% VAT
Africa
South Africa 15% VAT
Vietnam: 10%
United States: 2.6% duty, 25% tariff
Canada: 5%
Additional rate per province for consumer imports.
- Alberta: 0%
British Columbia (BC): 7%
Manitoba: 7%
New-Brunswick: 10%
Newfoundland and Labrador: 10%
Northwest Territories: 0%
Nova Scotia: 10%
Nunavut: 0%
Ontario: 8%
Prince Edward Island (PEI): 10%
Québec: 9.975%
Saskatchewan: 6%
Yukon: 0%
EU VAT
Austria: 20%
Belgium: 21%
Bulgaria: 20%
Croatia: 25%
Cyprus: 19%
Czech Republic: 21%
Denmark: 25%
Estonia: 20%
Finland: 24%
France: 20%
Germany: 19%
Greece: 24%
Hungary: 27%
Ireland: 23%
Italy: 22%
Latvia: 21%
Lithuania: 21%
Luxembourg: 17%
Malta: 18%
Netherlands: 21%
Poland: 23%
Portugal: 23%
Romania: 19%
Slovak Republic: 20%
Slovenia: 22%
Spain: 21%
Sweden: 25%
United Kingdom: 20%
Serbia 20% VAT
Africa
South Africa 15% VAT
Vietnam: 10%
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