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Thread: How do you face custom taxes?

  1. #1
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    Default How do you face custom taxes?

    Given the amount of outsourcing that can happen, or given how some materials can be found only in some place because of the weather or because of any other condition, depends, you will face custom taxes sooner or ever, because you import or you rather export (lucky one!) and this will have impact on how you will handle your company, after all.

    So, I would like to know if you often face custom taxes and when. Also, the idea of the amount would be welcome, and above all, how do you treat these taxes? How do you handle them in your business model, is it threatening? Do you look at updates on policies? And what countries must be avoided for import/export exactly because of that?

  2. #2
    Diamond Member Fuzyon's Avatar
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    Default Re: How do you face custom taxes?

    I think taxes depend on the country. For example, I live in Romania which is part of the European Union. What that means is that a company from our country can successfuly import/export items, materials etc. without any import taxes, as long as both countries are part of the EU. Of course, there are custom taxes for every item that should be dealt with by something that is specialised in the field.

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    Diamond Member Corzhens's Avatar
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    Default Re: How do you face custom taxes?

    Since most of our supplies are distributed locally, freight and customs taxes are not our concern anymore. But I understand that aspect of importation when my husband's brother was into importation of special steel from Japan. I would hear him say that they imported steel worth 300,000 and paid taxes more than 100,000. Gee, that's 1/3 of the cost. And the freight also costs a lot. I'm sure glad that we do not h have to deal with customs because right now Customs people are in the limelight on issues of corruption and extortion.

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    Default Re: How do you face custom taxes?

    Quote Originally Posted by Fuzyon View Post
    I think taxes depend on the country. For example, I live in Romania which is part of the European Union. What that means is that a company from our country can successfuly import/export items, materials etc. without any import taxes, as long as both countries are part of the EU. Of course, there are custom taxes for every item that should be dealt with by something that is specialised in the field.
    Well, EU is a special case, much like I think that with the treaty between Mexico-USA-Canada, taxes gets lowered or even no taxes between the countries. But when there's no agreements, the custom taxes are a concern and something you should look out I think. But I think your business did right with EU.

    Quote Originally Posted by Corzhens View Post
    Since most of our supplies are distributed locally, freight and customs taxes are not our concern anymore. But I understand that aspect of importation when my husband's brother was into importation of special steel from Japan. I would hear him say that they imported steel worth 300,000 and paid taxes more than 100,000. Gee, that's 1/3 of the cost. And the freight also costs a lot. I'm sure glad that we do not h have to deal with customs because right now Customs people are in the limelight on issues of corruption and extortion.
    Oh, wow. That much amount of taxes? That's heavy, really, really heavy. And businesses succeed to do outsourcing with that? Maybe it is more related to the country doing the import/exports and the type of thing you transport than anything else, but even with that in consideration, it almost feels like gas taxes. And then, EU members doesn't get taxes. Maybe your brother should be jealous.

  5. #5
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    Default Re: How do you face custom taxes?

    Hello Guys! may i know the custom taxes? Actually I want to export my goods and services,that's why i want to know about it.


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