Before we go further to discuss import tax in Germany, let us first discuss what import tax is and why it is important when it comes to doing business.
Import tax is a tax given to businesses or Individuals by the government based on the value of freight, especially goods. Import tax in Germany is one that has special rules that individuals and businesses follow in Germany.
There are several things you need to know when dealing with import tax in Germany. These are the details you will always find useful.
All you should know about the import tax in Germany
The first thing you need to know is that you can import anything legal into Germany. Currently, there are no restrictions on the kind of goods and packages that you can bring into Germany.
When you are coming into Germany, you are allowed to bring in a total of €430 worth of goods. If you bring anything more than this, you will be required to pay a duty fee of 19% of the package amount.
There are some value-added taxes and customs rules that you have followed. When you move goods within the European Union, VAT and customs rules are deemed free. On the other hand, if you are dealing with the UK, there are still some payments you will have to make.
Another thing you need to take note of before thinking of importing to Germany is the time of delivery. You must know that Germany is a big country and when your goods arrive, you might not get it immediately. What will you do at this point?
You need to be patient.
Import tax varies for several people and businesses in Germany. If you are a Germany, you may not be required to pay the extra 19% duty required. However, it all depends on the kind of business and service you may be rendering.
There is one mistake a lot of businesses make. They often underestimate the value of the import tax before according to them, it is not necessary. This is wrong.
When you plan on bringing good into Germany, especially for the first time, you must put a lot to ensure that you put your import tax into serious consideration.
Most customs officials do not give you the right information. So, one thing you should take note of is budgeting. Budgeting your import tax can save you a lot of trouble.
So, if you are planning on bringing a new package into Germany, you have to know the best approach to do.
So, there’s you have it. Having a good knowledge of import tax in Germany will save you from all the hassle involved in the transit. When you have good knowledge of your import tax, you will plan properly to ensure that your goods arrive on time.
Normal import tax from China to Germany is around 19% of the cost of shipping. This is very important.