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16 August 2023, 12:37 PM | #1 |
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Shipping a watch to the US, are there taxes?
Not sure where to post this, hopefully this is the right forum.
If someone ships me a used watch from Asia, how does customs/taxes work for me receiving it in the US? The watch will be insured for full value. |
16 August 2023, 01:05 PM | #2 |
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If everything is claimed and insured properly, yes you will pay something. I had a watch shipped from Italy once and Fed Ex hit me up with the bill.
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16 August 2023, 03:34 PM | #3 |
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What if the watch shipment was fully insured and the item was marked as a gift. How would that work? The watch likely will be shipped via FedEx if that makes a difference.
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16 August 2023, 03:34 PM | #4 |
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16 August 2023, 04:31 PM | #5 |
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Shipping a watch to the US, are there taxes?
You will be assessed a duty based upon the declared value that the seller puts on his export form. It’s a sliding scale that begins at 0% for $800, 8% at $5,000 and flattens out approaching $100,000.
How much is your import? Either way… The carrier becomes a 3rd party to collect duties before the shipment is released by US customs and delivered to you. Don’t suborn fraud on the sellers part - you’ll be risking more than the few $$$ you should pay by a factor of 10x if that “gift” gets queried. Sent from my iPhone using Tapatalk Pro
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16 August 2023, 10:52 PM | #6 |
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Ypu need to include a watch sheet which you can download from Fedex.
This is the tax value breakdown: HTS Code 9102.21.70 * Movement – Flat fee of $1.53 * Case – 4.2% * Bracelet/Band – 9.8% for textile/metal, 2% for others (9102.21.90) Don't include any exotic straps under any circumstance. |
16 August 2023, 11:58 PM | #7 | |
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Quote:
Doesn't matter if it is a gift or not. An exception might be if it was originally a US purchase that is being reimported since import tax is only applied once. Often the shipping company pays the tax and passes it on to you.
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17 August 2023, 05:25 AM | #8 |
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If your state has a sales tax you will also owe that on the purchase as well.
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17 August 2023, 02:23 PM | #9 |
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Who fills out the watch sheet? The shipper or recipient?
The watch is ~$11k from Hong Kong to California. I did not think duty would be so high on a watch. This has got me re-evaluating things. May be less expensive to ship things in pieces! |
17 August 2023, 02:29 PM | #10 |
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17 August 2023, 04:08 PM | #11 |
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Easier probably cheaper and better to take trip out there to enjoy the area for a few days and do the deal face to face..
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17 August 2023, 05:07 PM | #12 | |
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I don't think i am allowed to state the way to fill it out but seems obvious enough? |
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30 August 2023, 03:07 PM | #13 |
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The safest way is to declare the approximate value and pay the taxes. You will have no regrets.
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31 August 2023, 03:52 AM | #14 |
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31 August 2023, 05:07 AM | #15 |
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