Developments in the sale of physical products in the business world began to gain even more importance. It is no longer enough just to sell products from stores. As in the domestic market, the expectation for every product to be supplied by ship or in any other way is increasing in the field of international trade.
In the past, export was seen as a risky and expensive way to expand the business. It was a method used only by large, risk-averse companies. But in recent years, the world of retail and consumer goods has changed rapidly.
Many companies that sell physical products have to supply their products to the world market. The customer is disappointed when he learns that the product he wants to buy is not shipped to his home country.
Adapting the Change
International trade was a risky and unknown area. However, with the rapid development of the internet and the increase in its accessibility, anyone with basic marketing and computer knowledge (or by investing in this knowledge) has become able to easily market their products internationally.
For this reason, many companies are now working to develop products that will attract attention in international markets. While the Internet provides the opportunity to reach everyone around the world, it also raises some fundamental problems with this freedom.
For example, the importance of certain issues such as creating marketing materials, communicating on social media, and having internet content that can be used not only in the language of the country where the company was founded, but also in other languages, are increasing.
Companies that provide effective translation of marketing materials, as well as original content, have a great advantage over companies that do not make this effort.
4 Important Tips to be Successful in International Business
As for 4 important tips that will help you be successful in international trade:
1. Language Barrier
Choose a service provider who is proficient in professional jargon, colloquialism and popular culture in the specified language. This means that you should stay away from automatic translation tools or translators who have just learned a second language. So, only choose translation service providers that work with professional native translators. Your goal is not only to translate words from one language to another, but also to convey your message in accordance with the language and culture you are targeting.
2. Help the Conversation
No matter how good your translator is, there are many expressions that cannot be translated from one language to another. You can help your translator by creating many expressions that are close to the original expressions.
3. More Translations Better Understanding
When translating your marketing texts from one language to another, work with at least two translators. You can also apply to professional translation services such as Quick Translation, which provide proofreading as well as translation services. Thus, before your translation is delivered, it is checked for accuracy and conformity.
4. Knowing Your Target Profile
Research the demographic profile of the market for your overseas destination. Overseas, you may find that your product appeals to a completely different audience. With this information, your translator can better prepare with the correct spoken language and popular culture elements in the target market.
The basic condition of being able to export is to be able to sell. Finding foreign customers and ensuring continuity in exports do not depend on coincidence, you need to create an effective, continuous and measurable foreign marketing strategy. In the last ten years, international marketing, export and import sales development activities have shifted significantly to digital platforms.
With the pandemic process, e-marketing has become the most important sales and marketing channel for exporters.
Our advice to companies is that they work with professional e-marketing and e-advertising companies within the scope of digital transformation, website and social media management, e-advertisement and marketing strategies, and at least get support to create a basic framework. On the other hand, conventional export development studies should not be neglected.
A. ACTIVE CUSTOMER SEARCH
1. Trade Fairs – Expositions
Fairs are physical places where goods and services are exhibited for commercial purposes, sellers and buyers come face to face and new business contacts are established during a certain period of time.
Advantages of Fairs
Brings buyer and seller together
Provides presentation of products
Measures the buyer’s reaction
Provides identification of potential customers
Allows you to monitor the competition
Provides the opportunity to see new developments in the sector
There are two types of participation in international fairs. These are individual participation and participation through fair organizers. In individual participations, all preparations, procedures and transportation are done by the participant company. In the participations within the organization, all procedures are carried out by the organizer company.
Although it progresses through digital fairs during the pandemic process, it is inevitable that it will regain its former importance after the pandemic.
2. International Business Trips
Again, with the organization of various businessmen’s associations and organizations, trips are made to target countries. In these trips, mutual meetings are held with the managers and businessmen of the chambers of commerce and profession in that country.
3. Individual International Travel
In addition to the above, an important activity you can do is to take your bag and go to target market visits and customer interviews. Of course, first of all, it would be appropriate to do preliminary research, identify the areas you need to visit, and make an appointment by correspondence with potential customers.
Visits made in this way will give you an advantage in terms of showing how much you care about your business and the company you are visiting.
4. Accessing Customs Data
Unlike traditional methods, the issue of being able to access customs data comes up. This means that we can access the records of the trades made by a country to a country, at the customs. When we export or import, we issue a certain declaration or a bill of lading (transport document). Some countries disclose the data realized at their customs with the intention of balancing their own imports, that is, with the intention of making imports cheaper.
America is one of the pioneer countries that started this practice. Years ago, if he normally buys a product for $100, when the buyer announces his company’s name to the world, offers from all over the world begin to pour in. Therefore, he starts to buy a product that he normally buys for $100 , much cheaper with alternative supply offers from many parts of the world.
This customs data, which he opened to balance his imports, also means a list of potential real buyers for us. Being able to see the list of companies that have made imports at customs and that have made the purchase officially creates an unprecedented power for us in competition. This issue is more or less known in our country and a few local companies are also working on this issue.
5. Trade Consultancy
One of the sources that can be applied to increase exports is the trade consultants representing our country abroad.
Contact information of the trade advisor operating in the selected target market is located on the official website of the Ministry of Economy for most countries.
By sending an e-mail to the trade consultant in the target market, the contact information of the importers and large wholesalers in the said market is requested and new customers can be obtained by contacting them.
B. PASIVE CUSTOMER SEARCH
Although the most effective method in customer search is to use the facilities that will allow you to meet directly with the customer, many information and communication channels have emerged, especially on the internet, with the technological development. It is seen that companies that use them intensively get positive results.
Before using such channels, examples of which we have given below, it is of great benefit to create a professional, efficient and interesting website that appropriately promotes your company and products. Because you do not have the opportunity to meet face to face, your website will be your showcase.
1. Open a Business Website
Our first advice to companies that want to export is to prepare a website that introduces their products and the company, with possible language options such as English, French, German, Russian, Arabic.
In the Site Content, detailed description of the products, images, packaging and packaging options, quality certificates and other certificates containing sectoral standards are useful for customers to find you and make a preliminary examination.
It is important to have contact information on your site, including active e-mail and telephone, with which overseas customers can communicate.
2. Social Media Channels
Open Social Media Channels: If you share regular and up-to-date content about your company and products, especially on social media channels, Facebook, Twitter, Instagram, increase your availability on the internet, and if you carry out an effective e-marketing activity on these channels, it is likely that overseas potential customers can reach you.
Opening blog sites, bloggers who write about your industry and product groups, and cooperation with social media influencers will be beneficial in terms of increasing the popularity of your company’s social media channels.
LinkedIn
LinkedIn is a social media channel, but it mainly caters to the business world. It is possible to directly communicate with purchasing managers and import managers by identifying companies that can be your potential customers via LinkedIn. If LinkedIn is used effectively, it is possible to reach potential buyers from all over the world and relevant managers of companies that import similar products.
3. Subscribe to B2B Websites
B2B is an abbreviation for Business to Business, which means business to company sales. These platforms have been used quite frequently by companies for the last ten years. The pandemic process has increased the demand for B2B platforms. AliBaba, Amazon, Global Sources, ECVV are the most used B2B sites around the world.
Having your corporate membership on these sites, updating your company and product information, and using the options offered by the sites such as marketing, advertising and highlighting will enable you to get feedback. In addition to these, it would be beneficial to open an account on your country’s most important B2B sites.
4. Use Google Ads, Budget for e-marketing
Google Ads, by associating users’ Google searches with the searched word, your company and products; It allows your company, website link to appear at the top of the search results on the Google search page.
You can target searches for your products in a specific country with AdWords, precisely by defining specific countries, specific sectors and importer profiles that are likely to search for your products. You should definitely use Google Ads and certain e-marketing strategies.
5. Digital Fairs
Sectoral scale fairs are platforms where buyers and sellers come together on a global scale. Although it progresses through digital fairs during the pandemic process, it is inevitable that it will regain its former importance after the pandemic.
We may write an article on Digital Fairs in the future to mention the importance of them in pandemic.
6. World Trade Center
The World Trade Center in Geneva sends market information according to each region, country, sector to those who want it, either for a fee or free of charge. For each product group, “Market News Service” (MNS) provides current prices of products, supply, demand and other economic information that may affect their situation in the market. Those who subscribe to MNS can receive this information by email, fax or written document.
The website of the World Trade Center is www.intracen.org. It has a branch in most countries.
7. Global Business Exchange (GBX)
You can participate in the Global Business Exchange (GBX) program developed by the World Chambers Network (WCN) by applying to ISO. www.worldchambers.com
Chambers of commerce – with a history of well over 400 years and represented in most countries – are trusted contact points and third parties in regional, national and international trade. Chambers represent the largest organized business group in the world with more than 12000 chamber offices worldwide, which have well over 40 million business members.
For the last 2 years, we have been faced with the Covid-19 pandemic, which has affected our lives in every sense, regardless of person or class. Our daily lives, our uses have changed, sometimes we are restricted and we try to fit our lives into our home.
While our needs in our daily lives have changed, the products and services we use, consume, and buy have also changed to a great extent. In this period when we, as the world, need to take care of ourselves and our health, mostly at home, the health sector has undoubtedly been the most profitable sector.
Drugs and Pharmaceuticals
In this period when we, as the world, need to take care of ourselves and our health, mostly at home, the health sector has undoubtedly been the most profitable sector.
we have consumed various vitamins and supplements to protect our body against viruses. In addition, we can say that the need for the sector has increased as the governments increase the hospital capacities and equip them. In addition, while our consumption puts the health sector among the winning sectors, it actually made us understand its importance and that we should always be prepared for such crises, both as individuals and as a state.
Cleaning & Hygiene Products
We have used more disinfectants, colognes, and surgical masks than we have ever used, besides, we have consumed various vitamins and supplements to protect our body against viruses.
The Cleaning chemicals are a part of our daily life now. almost everyone caries a disinfection solution in pocket or bag. People give more attention to hygiene, clean their house or workplace more often. This puts the cleaning chemical sector a winning industry of pandemic.
Remote working tools and software
With governments implementing more serious measures such as full or partial lockdowns, and businesses struggling to find ways to maintain adequate levels of productivity, many are turning to remote working apps and software.
The desire to have more flexibility of operation and contingency for disruption will also drive businesses to rely more on cloud and virtual office solutions.
Logistics
While supply chains have been upended due to the virus’s spread, logistics is a sector that has experienced a crisis and a boost at the same time as food deliveries and online shopping come to the rescue of people who cannot leave their homes. It is likely that through this crisis many companies are being forced to rethink their supply chains and logistics.
Life insurance
The insurance industry has been popular over the years, life insurance being the most popular of the vast array of insurance industries. After Covid 19 pandemic, the insurance has been an important consideration for more people.
What do you need to know before Importing goods from Turkey to UK?
Free Trade Agreement (FTA)
The first thing you need to know is the ‘FTA’.
On 28 December 2020, the United Kingdom and Turkey concluded a Free Trade Agreement (the “FTA”) to ensure the continuity of their trade following the United Kingdom’s exit from the European Union (“EU”).
It was estimated that without a deal, 75 percent of Turkish exports to the UK would have been subject to tariffs, leading to losses amounting to an estimated $2.4bn in 2021.
The previous UK-Turkey trade relationship was regulated principally by the EU-Turkey Customs Union, together with agreements on agriculture and coal and steel. It was therefore of paramount importance to both countries, given the volume of trade between them, to agree on trading arrangements once the UK exited from the European Union.
Preferential tariffs
The deal also means UK businesses sending steel, iron, and machinery to Turkey will be protected by preferential tariffs.
When importing goods from Turkey, you must declare that your goods comply with the rules of origin so you can benefit from preferential tariffs. You must be able to provide proof of this.
Many different sectors of the Turkish economy present real opportunities for British exporters including healthcare, advanced manufacturing, financial services, IT and automotive and it is anticipated that a second phase of the FTA, proposed in the near future, will play an even more important role in bilateral trade between the two countries.
Making your import declaration
You will also need to include the commodity code when making your import declaration. The code determines how much duty you need to pay and whether an import license is required.
As the UK has a trade agreement with Turkey, you may be able to pay less or even no duty on the goods. If you can’t pay a lower rate of duty, you may still be able to delay the payment.
Goods that you may need a special license or certificate to import include plants, animals, high-risk foods, medicine, chemicals, and weapons.
1. Check if you need a VAT registration
Before Brexit, many EU businesses used to operate under EU simplifications such as call-off stock or triangulation rules. These rules no longer apply and therefore foreign businesses will need to get a UK VAT number in order to import their products in UK.
2. Get an EORI number
You should get a UK EORI number in order to make imports. UK EORI numbers are different from EU EORI numbers. You will need to apply for this number if you did not have it before 2021 or if you had only an EU number. The application process is easy and you can get a response from HMRC in a few days.
3. Understand and agree incoterms with your supplier
Incoterms are a set of terms and conditions that establish the rights and responsibilities of both the buyer and the seller in international trade. They are important for customs purposes because they may define who is responsible for a given customs obligation. For example, if you are a non-UK company exporting your goods from an EU country under DDP incoterms, you will be responsible for the export in the country of departure and import in the UK (both). If, however, you are selling under EXW incoterms, you will not take care of the export in the country of dispatch, nor the import in the UK.
4. Decide if you will use an agent for completing customs documents
Most businesses find an external provider to handle customs documents on their behalf. This documentation is complex and requires training, staff availability, and an application for a CHIEF badge.
The United Kingdom (UK) left the European Union on 31 January 2020. The Withdrawal Agreement, including the Protocol on Ireland/Northern Ireland, provided for a transition period until 31 December 2020. During this period the UK, for the purposes of Value-Added Tax (VAT), was treated as if it was a full European Union (EU) Member State.
Northern Ireland continues to be subject to the same EU VAT rules on goods as EU Member States. EU VAT rules on services do not apply to Northern Ireland.
A Brexit readiness notice on VAT on goods, including guidance on open movements on 1 January 2021, has been published by the EU Commission.
Value Added Tax (VAT)
Value Added Tax (VAT) is a tax that is levied on the sale of most goods and services in Ireland.
Listed below are the current VAT rates in Ireland in 2021 .
The standard rate of VAT.
The standard VAT rate in Ireland from March 1st 2021 is 23%
In September 2020, the standard rate of VAT was temporarily reduced to 21% until Feb 28th 2021.
The standard 23% rate of VAT applies to a wide range of goods and services. These goods include motor vehicles, adult clothing, electrical goods, petrol, alcohol, tobacco, most household goods, non-basic foodstuffs.
The standard rate of VAT is also applied to most professional services and telecommunications.
The standard rate of VAT is charged on all goods and services that do not fall into the reduced rate categories listed below. See below for details of reduced VAT rates.
Second Tier VAT : 13.5%
This 13.5% rate of VAT is usually charged on items including ….
fuel (coal, heating oil, gas, electricity.
vet fees,
building and building services,
agricultural contracting services,
short-term car hire,
cleaning and maintenance services.
Catering and restaurant supplies, including vending machines and take-away food (excluding alcohol and soft drinks sold as part of the meal) (See below for details of temporary VAT reduction)
Food Supplements
Hotel lettings, including guesthouses, caravan parks, camping sites etc
Short term accommodation.
Cinemas, theatres, certain musical performances, museums, art gallery exhibitions
Fairgrounds or amusement park services
Hairdressing services.
Third Tier VAT : – 9% is a reduced rate of VAT for
newspapers
Facilities for taking part in sporting activities including green fees charged for golf and subscriptions charged by non-member-owned golf clubs.
electronically supplied publications
Temporary VAT Reduction for Hospitality
The VAT rate for the tourism and hospitality sector was reduced from 13.5 per cent to 9 per cent on Nov 1st 2020. This is to help the sector during Covid and was announced in Budget 2021 . The reduced rate was due to be in place until the end of December 2021. (It is expected to be extended again in Budget 2022 to the end of Sept 2022).
The 9% reduced VAT rate applies to: – catering and restaurant services (food not soft drinks or alcohol), tourist accommodation, cinemas, theatres, museums, historic houses, open farms, amusement parks, certain printed matter, and hairdressing.
Fourth Tier VAT : 4.8%
This rate of VAT is specifically for agriculture. It applies to livestock (excluding chickens), greyhounds and the hire of horses.
Fifth Tier VAT : 0%(Zero) VAT
Most food including Tea, coffee, milk, bread, butter, cheese, milk , vegetables, meat, etc.
Not food supplied from a vending machine or in a restauraunt or other catering venues.
Not food supplements such as slimming , protein or sports supplements.
Books, children’s clothes and children’s shoes,
Oral medicine for humans and animals,
Vegetable seeds and fruit trees, fertilisers, large animal feed,
Disability aids such as wheelchairs, crutches and hearing aids.
All exports
Covid-19 VAT Reliefs
Revenue confirmed some VAT reliefs in 2020 to help combat COVID-19. These reliefs were originally due to expire on 31 July 2020, but were then extended to 30 April 2021 and then again until 31st Dec 2021. The temporary reliefs include:
A zero-rate of VAT applying to personal protective equipment (PPE), thermometers, medical ventilators, hand sanitiser, and oxygen when supplied to the HSE, hospitals, nursing homes, care homes and GP practices for use in providing COVID-19-related healthcare services.
Relief from import VAT and customs duties apply to the import of medical goods to combat COVID-19 by or on behalf of State organisations, disaster relief agencies and other organisations approved by Revenue, and which are provided free of charge for these purposes.
VAT Exempt
There is no VAT charged in Ireland on
financial, medical or educational services.
live theatrical and musical performances except those where food or drink is served during all or part of the performance.
In Ireland – since July 1st 2021 – you can no longer buy goods from outside the EU without incurring any VAT charges. From July 1st 2021 – the €22 threshold was removed and VAT is charged on all imported goods.
Read more about VAT and Buying From the UK After Brexit
VAT Rates in Ireland Specific Item Search
VAT rates in the UK
In the UK – the standard VAT rate is 20%
There is a 5% VAT in the UK rate on home energy , children’s car seats
There is Zero VAT on most food and children’s clothes in the UK
Import VAT in Ireland
Prior to July 1st 2021 – any package delivered to Ireland from outside the EU that was valued at under €22 was exempt from import VAT. Since July 1st 2021 – there are no exemptions on import VAT – and it will be charged on all non EU imports.
You have to pay taxes, also known as customs duty, for importing mobile phones, electronics and other goods from a foreign country into any other country.
These import taxes are payable at the port of entry (like the airport), the courier companies would often pay these on your behalf and will release the goods to you upon the full repayment of these additional duties and taxes.
How much customs duty should you expect to pay for importing, say, a mobile phone from US to your country? A package forwarding service in your country shared the latest duty tariff chart and it should give you a good idea of what kind of taxes you can expect to pay for importing the various categories of items into your country.
UNITED KINGDOM
The commodity code for importing is 4819100000. Per customs classifications, cardboard boxes for packaging are defined as “Section X: 48:19” goods. Per this calculator, you can expect to pay 20% in VAT’s.
Note that if a product travels within the EU will not have VAT levied against them; normally VAT is only charged on the cost of the shipping or carriage. This is not the case for non-EU countries. In other words, if you buy a product from factories in China or Mexico, you must pay the 20% VAT based on your total purchase price, not the shipping price.
The VAT Importing from outside the EU is not subject to a third country duty (it is currently 0.00%), unless subject to other measures. Your shipper must register for VAT. The fee is charged to the shipper, not the end-customer.
An overseas seller selling goods as a business activity where those goods are located in the UK at the point of sale, or where the goods are sold to a UK customer and then imported into the UK by the seller.
Customs may change their exact figures but at the time of writing, goods with a commercial value (goods value + shipping cost + duty + insurance) of more than £135 are liable to VAT.
Check that goods sent to you from outside the UK (or outside the UK and the EU for goods in Northern Ireland) are declared to customs correctly. If they’re not declared correctly, your goods may be seized.”
UNITED STATES 🇺🇸
Importers must be aware that US Customs imposes tariffs on all imported goods valued at US$800 or more. Values below US$800 are tax-free. However, since June 30, 2018, the United States has increased the tariff on China’s 50 billion goods by 25%, which has increased the cost of American consumers.
USA Tariff Schedule
As per the 2020 Harmonized Tariff Schedule, here are the relevant HS codes for paper and cardboard based packaging purchased:
Tariffs and taxes are calculated as a percentage of customs value. The value of the customs is based on the declared value, and the declared value should be indicated on the commercial invoice – the document issued by the supplier. It is important to be specific when checking the amount of US duties owed.
There are no special tax kickbacks for Mexican-produced paper goods nor are there tax penalties for Chinese-produced paper goods.
Goods must be declared for entry into the U.S. within 15 days of arrival or prior to leaving a bonded warehouse or foreign trade zone. The importer of record declares the transaction value of the goods and country of origin, along with other information.
The declarations must include an invoice and packing list (or equivalent) listing all goods. Customs and Border Protection (CBP) then assesses duty, which must be paid by the importer of record before goods can be released. Many importers participate in a voluntary self-assessment program with CBP.
AUSTRALIA 🇦🇺
On most products imported into Australia, customs duty is 5% of the value of the goods converted to Australian dollars, but this is dependent on the type of goods.
Goods valued below AUD 1000: As of 1 July 2018, Australian goods and services tax (GST) will apply to sales of low value goods imported by consumers into Australia. This tax will only apply if the company importing your goods is subject to $75,000 or more per annum in taxes. You can learn more about Australia’s “low-value goods” GST here.
Goods valued at above AUD 1000: All goods imported into Australia by sea, air or post with a customs value that exceeds AUD 1000 must be cleared by submitting a completed import declaration form (B650) and paying duty, goods and services tax (GST) and other taxes and charges that apply.
For goods imported in a consignment over AUD 1,000, any GST, customs duty and clearance charges will be charged to the importer at the border under existing processes. More info here.
CANADA 🇨🇦
In Canada, duty rates vary greatly depending on the product and the country in which it was manufactured. Goods that are not manufactured in North America and do not qualify for a NAFTA exemption can be subject to hefty tariffs.
If you’re having goods shipped to Canada from a U.S. online retailer, you will likely have to pay Canadian duty on the value of the goods, plus GST and PST or HST, depending on the province you are importing goods into.
Any item mailed to Canada may be subject to the Goods and Services Tax (GST) and/or duty. Unless specifically exempted, you must pay the 5% GST on items you import into Canada by mail. You do not have to pay the GST on the following goods that are imported into Canada by mail: (1) goods worth CAN$20 or less; or (2) gifts from family members or friends who live abroad when the worth is CAN$60 or less. Learn more here.
In addition, you may live in a province that collects a provincial services tax. This can be up to 8% in addition to your GST. PST and GST are often combined into a harmonized sales tax, or HST. HST can be up to 13%.
The customs office provides a handy calculator to help you determine how much you will owe in taxes. Per Canada’s guidelines, cardboard boxes fall under section 47 of the import duties schedule and are subject to 0% in duties from both MFN’s (most favoured nations) and other countries.
EU 🇪🇺
Generally speaking VAT is not due when the total value of all goods in a consignment (value not inclusive of custom duties or transport costs) is less than the destination country threshold. The threshold may vary from €10 euro to €22 euro, depending on the EU country.
If a supplier imports goods from a country outside the EU to the EU (e.g. France, Netherlands, Germany) they will pay the recipient country’s VAT on the goods. This means that the trader must declare the import and pay VAT in the country, e.g. France. They will generally pay import duty and excise duty in addition to the VAT.
The Combined Nomenclature (CN) is an additional tool of product classification used to classify goods that are declared to EU Customs. CN codes are eight digits, consisting of the six-digit HS code and the two-digit CN subheadings.
Related fees can be found by searching a product’s CN number. (link Below). Boxes have a CN number of 481730. There is a 0% duty from any third country. On shops like Etsy, EU buyers will see the line “VAT included (where applicable).” under the prices for all shops. This means the supplier/ shipper covers VAT and the tax is included in the purchase price of a product. CN Nunber here
INDIA 🇮🇳
An integrated goods and services value added tax (IGST) is applied on all imports into India. IGST (also known as a VAT) is levied on the value of the imported goods plus any customs duty chargeable on the goods.
The following items are subject to a 12% IGST Rate:
4817 30: Boxes, pouches, wallets and writing compendiums, of paper or paperboard, containing an assortment of paper stationery
4819 Cartons, boxes and cases of corrugated paper or paper board
More information on taxes for imports to India can be found here.
MEXICO 🇲🇽
Mexico charges a VAT on products above $50 USD; North American and some Latin American shippers may void this amount.
General import Duties ranges from 0% to 35% but normally most imports in Mexico fall within the range of 3% to 20% (exceptionally, certain food products, shoes, and textile pay higher duties).
Cardboard boxes, with an HTS code of 4819, typically have 3.3% import fees.
SINGAPORE 🇸🇬
More than 99% of all imports into Singapore enter the country duty-free. In addition, all goods brought into Singapore (other than exempt imports) are subject to Goods and Services Tax (GST) at the prevailing rate of 7% on the value of goods, which includes the cost, insurance and freight (CIF) plus other chargeable costs and the duty payable (if applicable).
GST relief is granted on goods imported by post or air, excluding intoxicating liquors and tobacco, with a total Cost, Insurance and Freight (CIF) value not exceeding S$400. This GST rate is set to increase to 9% in 2021. Learn more here.
Customers may pay the custom fees but stores may cover it as well. Shippers can apply for a Customs permit for clearance and payment of the postal parcels, and present the permit to ICA (for collection at SPC) or Singapore Post (for delivery) as proof of payment for the relevant GST and/or duty charges for a customer’s parcel.
SOUTH KOREA 🇰🇷
Duty is free if the CIF value is less than KRW 150,000. On top of that, Korea has a flat 10% Value Added Tax (VAT) on all imports and domestically-manufactured goods. Tariffs and taxes must be paid in Korean Won within 15 days after goods have cleared Customs. The person liable for duty payment should voluntarily declare the duty base and the tariff rate on the relevant imported goods, per the government’s website. Learn more here.
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