3 ms·
Do you have some source for the lower import duty rates? They heavily depend on the specific item category - in my experience usually 0% or ~5% for the tech it
by AnssiH 6y ago
Do you have some source for the lower import duty rates?
They heavily depend on the specific item category - in my experience usually 0% or ~5% for the tech items I've imported (but that is not really enough to draw any conclusions from). The de minimis for import duty in EU is 150€ (compared to $800 in US).
Edit: here is the Finnish Customs duty calculator: https://tulli.fi/en/customs-duty-calculator?current=goods¤cy-id=1 https://tulli.fi/en/customs-duty-calculator?current=goods&cu... (VAT is Finland-specific, duties are the same EU-wide). A quick look shows that e.g. phones, computer components, and DVDs are 0%, which probably accounts for most of my €150+ imports and thus explains my experience above...
- ascorbic 6y agoThat's the kind of level I was thinking. Compared with VAT levels of around 20% in most EU countries, with a de minimis level of around €15, I'd call that a low rate and high de minimis level. Edit: it seems there's no de minimis threshold for VAT anymore, so that's even more of a contrast
- AnssiH 6y agoAh, sorry, I misinterpreted your post. I thought you meant that USA import duties are much lower than EU import duties, but I now see you meant EU import duties are much lower than EU VAT taxes. Completely agree then. The removal of the €22 low-value exception for VAT will happen in EU on July 1st 2021, so not in effect yet.