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EU import duties/tax on korean monitors - Page 2

post #11 of 36
Thread Starter 
Hey everybody,

Thanks for the comments, they really help. Taking them one by one:
Quote:
Originally Posted by Bitemarks and bloodstains View Post

The reason you don't pay tax is due to the US and South Korea having a free trade agreement, there is no such agreement for any European country AFAIK.
....
Some sellers may be willing to mark down a lower price to help you paying less tax or avoid it completely but in doing so you open yourself to shipping insurance problems if anything goes wrong as the shipping company will only pay what the item is marked for, not to mention the fact that it is tax fraud.

Actually the EU-South Korea FTA came into force in July 2011. In spite of that, unevenly applied protectionism continues across sectors and countries. So, I am charged duty and value added or sales tax, whereas in the UK it appears no duty is applied, only sales tax. As for the comment about tax fraud, I have no problem paying sales tax but why should I pay duty when other Europeans do not have to? And for those who are really concerned about where the money is going, I suggest buying it at the local corner store thus pumping money into the neighbourhood economy instead of purchasing directly from abroad. In fact cease and desist all international internet purchasing immediately. Personally, I am a firm believer that folk like us apply downward pressure on local prices. In the US, at least, I'm sure places like Microcenter have priced their monitors with the trade we're engaging in mind. (Oh to have US or Asian prices!) Governments likewise respond to lost tax revenues, oh, that is of course unless it is caused by their friends in the multinationals who rob us blind on that score. Sorry, realise I am ranting. Better stop there.
post #12 of 36
Thread Starter 
Quote:
Originally Posted by $ilent View Post

As BM & BS mentioned, your likely to get in trouble for not paying correct tax amounts. If the item is declared as being worth $100 but you insure it for $300, that obviously wont add up if it gets damaged.

Could you elucidate, if the item is damaged do you not simply return it to the sender who reimburses you or sends you another, preferably? And, have any of you ever been required to show a proof of purchase? I'm not even sure how I would show this, does Paypal have a print out function or some such? I'm afraid I am a really cautious person.
post #13 of 36
Thread Starter 
Quote:
Originally Posted by EkseF View Post

I would like to wish the best of luck to anyone who tries to get a 30" monitor from outside EU into EU under 50 euro pricetag.

That will not happen! You will pay taxes for the monitor, and lieing about it, won't make it easier on you or your seller.

Ha ha ha! OK, I'll try and let you know! .... No, but seriously, what do you mean "lieing about it won't make it easier on you or your seller"? Loads of them offer to do precisely that.
post #14 of 36
I asked my seller to mark it at $200, he was quite happy too. I still paid some tax but not as much as I would have had to
Meh
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Meh
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post #15 of 36
Quote:
Originally Posted by Kolya View Post

Could you elucidate, if the item is damaged do you not simply return it to the sender who reimburses you or sends you another, preferably? And, have any of you ever been required to show a proof of purchase? I'm not even sure how I would show this, does Paypal have a print out function or some such? I'm afraid I am a really cautious person.

I would assume if I had an item damaged I would go to the royal mail post office or ask the seller to go to the post office and report the damage. The post office will likely say ok what did you insure the item at, and then you would get a refund. My point is if you bought a $1000 card but only declared its value at $100, insurance obviously wont pay out the $1000. So you need to declare its actual value and not lower like other people recommend.
post #16 of 36
Quote:
Originally Posted by $ilent View Post

I would assume if I had an item damaged I would go to the royal mail post office or ask the seller to go to the post office and report the damage. The post office will likely say ok what did you insure the item at, and then you would get a refund. My point is if you bought a $1000 card but only declared its value at $100, insurance obviously wont pay out the $1000. So you need to declare its actual value and not lower like other people recommend.

I agree with everything you say but for me, return costs would have been more than the monitor was worth. I knew full well that purchasing a Korean monitor was a bit of a punt to begin with so the lower declaration was a risk I was willing to take.

I would suggest people look at all the implications before doing such a thing.
Meh
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Meh
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post #17 of 36
Thread Starter 
Quote:
Originally Posted by Kane2207 View Post

I asked my seller to mark it at $200, he was quite happy too. I still paid some tax but not as much as I would have had to

In your country, do Fedex or equivalent charge you the tax when they come to deliver? In other countries, what happens, do you pop down to your local customs or does the international courier handle getting the money off of the buyer of the goods?
Quote:
Originally Posted by Kane2207 View Post

I agree with everything you say but for me, return costs would have been more than the monitor was worth. I knew full well that purchasing a Korean monitor was a bit of a punt to begin with so the lower declaration was a risk I was willing to take.

I would suggest people look at all the implications before doing such a thing.

Believe me, I'm trying to. I really appreciate everyone who has taken the time to explain how things work in their country. I still don't get the insurance concern, isn't the seller just going to send out another monitor if the first one is damaged in transport?
post #18 of 36
I got invoiced for the tax about 2 weeks after delivery by FedEx, at the $200.

Most sellers ask for you to send it back if it's DOA, from the UK that could easily be £100+. I know some sellers say they will foot the bill once arrived but since I paid around $300 for the monitor, I was happy to take a risk. If it was DOA I would have tried to fix it myself (which would have junked any attempted return anyway). If it was full of dead pixels, I would have cut my losses, learnt my lesson and kept my current monitor. I didn't see the point in spending 75% of what I paid just to ship it back.

Fortunately, I lucked out, it arrived fine, no dead pixels and has been running fine for nearly 12 months but YMMV
Meh
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Meh
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post #19 of 36
I think your getting confused kolya about the insurance. If I post something to you I pay the post office insurance money to cover the goods. If those goods get broken its the post office who foot the bill, what I'm saying is if you don't insure and declare the goods for the same amount, you have to prove what the goods are worth if they get damaged.
post #20 of 36
Thread Starter 
That's really helpful. Can I ask which seller you chose?
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