Email Us | Advertising

Login / Register

User Name
Password

Advertisers


Hong Kong > Forums  > Hong Kong Forums  > Living in Hong Kong  > Business and Finance
Tags: ,

Importing from France - Will I get charged VAT or any taxes?

Reply
 
LinkBack Tools Search Rate Thread
 
Old 10-10-2007, 04:42 PM
Registered User
 
Join Date: May 2007
Posts: 72
mr_dimsum will become famous soon enough
Importing from France - Will I get charged VAT or any taxes?

Hello,

I am importing a relatively large import of goods from France (about 50,000 HKD in value).. It will be arriving into Hong Kong, as my business' new distribution center is actually located within the city.

I have never ordered from a European distributor or for that matter, have barely ever ordered from Europe at all. Will I be charged any form of taxes for the goods?

I don't know how VAT works, nor am I really aware of any form of taxes for goods that will be coming into the country under my name.

If anybody can inform me of the logistics behind this, I would truly appreciate it. Being from Canada, I haven't even a clue as to how it works and felt it'd be a great answer to the minds at GeoExpat (as I have found scant information) on the situation.



Cheers,
Danny
Reply With Quote
 
Old 10-10-2007, 04:54 PM
kombuchakid's Avatar
Registered User
 
Join Date: Jan 2003
Location: In the Lair of the Village Idiot's Apprenctice
Posts: 2,158
kombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant futurekombuchakid has a brilliant future
Well if it does not contain alcohol,tobacco or petrol/diesel you should be alright.
Remember that perfume/eau de cologne usually contains alcohol.
In any case your freight forwarders should be up to handling this.
Reply With Quote
 
Old 10-10-2007, 06:15 PM
Registered User
 
Join Date: May 2007
Posts: 72
mr_dimsum will become famous soon enough
I've never used a freight forwarder and have little knowledge of it. Up until this point, we have simply been using traditional couriers that have handled the entire process of shipping.

Would it be more affordable to use a freight forwarder rather than traditional services such as regular post and private couriers (UPS, FedEx, DHL)?

Can you recommend any freight forwarders that has experience with handling shipping to and from Hong Kong?


Regards
Reply With Quote
 
Old 11-10-2007, 09:16 AM
HKChigger's Avatar
Registered User
 
Join Date: Feb 2006
Location: Yuen Long
Posts: 978
HKChigger is a splendid one to beholdHKChigger is a splendid one to beholdHKChigger is a splendid one to beholdHKChigger is a splendid one to beholdHKChigger is a splendid one to beholdHKChigger is a splendid one to beholdHKChigger is a splendid one to behold
Send a message via ICQ to HKChigger Send a message via MSN to HKChigger Send a message via Skype™ to HKChigger
Hey Mr. Dimsum,

I think using a Freight Forwarder is a good idea. Where in France is the shipment coming from and I will let you know the best forwarder to use on that end and the best agent for this end.

Drop me a pm and we can talk,

Chigger.

Last edited by HKChigger : 11-10-2007 at 09:17 AM.
Reply With Quote
 
Old 11-10-2007, 12:01 PM
Boris's Avatar
Registered User
 
Join Date: Apr 2004
Location: hong kong
Age: 54
Posts: 1,335
Boris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant future
It also depends upon the volume ( CBM = Cubic Metres ).

Will it come sea freight or by air?
I would also advise against using DHL who have the habit of charging taxes on cargo when it really isn't chargeable.
Reply With Quote
 
Old 11-10-2007, 01:09 PM
Registered User
 
Join Date: May 2007
Posts: 72
mr_dimsum will become famous soon enough
Thanks for your help!

The parcel itself will not be significantly huge in size. I would guess it would be no larger than 1 metre for each dimension (length, width, height) and it weighing around the 15-30 lbs. bracket.. I know these numbers are relatively vague, but at this moment, I don't have any final confirmation as to any of it, and am hesitant to complete payment on the order before figuring out all these issues.

With a freight forwarder, will they be able to handle the entire shipping process so I can be void of using such services as DHL, UPS, FedEx, or do they primarily just handle the paperwork, etc., that would be involved in safely bringing it into the country?

I've looked into it online after you mentioned it, but haven't found much in regards to specifically what they do.



Cheers
Reply With Quote
 
Old 11-10-2007, 01:21 PM
Registered User
 
Join Date: Aug 2007
Posts: 107
neha is on a distinguished road
If your weight of the shipment is about 15 kgs then there i sno point in using a freigh forwarder as they have minimumweight required to get the special rate on freight plus u have to pay local transportation charges for them to deliver the parcel to you which can range from a minimum of HKD 300-500. I would suggest using EMS, or UPS, FEDEX, DHL because they will clear customs and also will deliver it to your address
Reply With Quote
 
Old 11-10-2007, 02:18 PM
Boris's Avatar
Registered User
 
Join Date: Apr 2004
Location: hong kong
Age: 54
Posts: 1,335
Boris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant futureBoris has a brilliant future
Quote:
Originally Posted by neha View Post
If your weight of the shipment is about 15 kgs then there i sno point in using a freigh forwarder as they have minimumweight required to get the special rate on freight plus u have to pay local transportation charges for them to deliver the parcel to you which can range from a minimum of HKD 300-500. I would suggest using EMS, or UPS, FEDEX, DHL because they will clear customs and also will deliver it to your address
Spoken by someone who doesn't know much about the subject. Absolute rubbish.

Firstly with a cbm of 1 m3 ( 1 x 1 x 1 ) actual mass weight may be as you say. HOWEVER - the main airfreight shippers have to calculate the VOLUMETRIC weight.

See here for an online calculator when you have your exact dimensions ( http://www.online-calculators.co.uk/...ric/weight.php
) This is the weight for which you will be charged and this calcs at slightly less than 167 kg

You should have no problem getting any forwarder to do this. HOWEVER remember to insure any valuable cargo. FYI Also - An airway bill does not have the same standing as a Sea Freight Bill of Lading. So if it gets delivered to the wrong people you have no come back.

I have noticed that HK post actually considers airfreight on measured weight which is why I always use them ( they have a good tracking web based system ) over the main couriers and even EMS. Check out your local postal service for air shipments to HK. Its often overlooked.

Also for taxes go to the Customs site for HK Government. All the info is in it.
Reply With Quote
 
Old 15-10-2007, 06:35 AM
Registered User
 
Join Date: May 2007
Posts: 72
mr_dimsum will become famous soon enough
Thanks for all the help everyone..

I just did some more research on VAT, and discovered the following:

Quote:
The Value Added Tax, or VAT, in the European Union is a general, broadly based consumption tax assessed on the value added to goods and services. It applies more or less to all goods and services that are bought and sold for use or consumption in the Community. Thus, goods which are sold for export or services which are sold to customers abroad are normally not subject to VAT. Conversely imports are taxed to keep the system fair for EU producers so that they can compete on equal terms on the European market with suppliers situated outside the Union .
So this means that I will not be charged VAT on my imports from France? Is there any documentation anywhere I can take a look at regarding Hong Kong's shipping and taxation policies? A friend of mine from the city had told me he pretty much was never charged any form of taxes, etc. from importing stuff from abroad, so I just wanted to confirm this statement.


Cheers!
Reply With Quote
 
Old 15-10-2007, 09:37 AM
Registered User
 
Join Date: Feb 2006
Posts: 24
jeannehk is on a distinguished road
Your import shouldn't be submitted to a GST/VAT in Hong Kong unless you're importing dutiable products like cigarettes, alcohol etc as previous posters said.

As for the shipping you could try Chronopost (which is the speed post service of the French Post). Here's their webpage and postage calculator . http://www.chronopost.fr/transport-e...roduits-tarifs
I believe their counterpart in HK is SpeedPost so the package will be delivered to your door. I hope it helps.
J
Reply With Quote
Reply


Similar Threads
Thread Thread Starter Forum Replies Last Post
battery operated charged for IPOD - anyone used one clip_my_wings Technology & Gadgets 0 14-11-2007 03:25 PM
China VAT rebate (again) Sleuth Business and Finance 0 28-07-2007 02:58 PM
Chinese VAT Rebates Sleuth Business and Finance 20 21-06-2007 09:02 PM
Commission charged by agent alabama Everything Else 1 30-11-2005 07:53 AM
Importing used cars from HK to UK peter74 Everything Else 2 26-05-2005 12:22 PM


Tools Search
Search:

Advanced Search
Rate This Thread
Rate This Thread:



All times are GMT +8. The time now is 11:07 PM.


Quick Nav

Partners

Small Business Ads

Advertise Here

Content Relevant URLs by vBSEO 3.1.0 ©2007, Crawlability, Inc.