Duties and Taxes
Package forwarding company like MyBox save you money by letting you shop at online stores in the United States for lower retail prices than in your home country. But what happens when you import your purchases? You may be responsible for duties assessed by the customs authority on island. This guide will help you declare your purchases accurately in order to avoid unnecessary taxes.
When you make a shipping request, you need to declare the value of your shipment. The value you enter on your request form is the value that will be declared at customs, so it is important that you declare accurately. If you declare too high a value, you may be assessed more taxes than you want to pay! If you declare too low a value, your declared value may be considered unreasonable and adjusted upward.
Your items may be assessed differently by your country’s customs authority depending on how they were made. For example, leather may be taxed more than vinyl, and new goods may be taxed more than used or repaired goods. Make sure to describe your item as accurately as possible on your shipping request form in order to avoid unnecessary taxes.
Your items are insured against loss or damage during shipment up to the value you declare on your shipping request form. Declaring the value of your items accurately not only helps you avoid unnecessary taxes, it also keeps your shipments safe!
AVOID EXTRA TAXES
The value you enter on your request form is the value that will be declared at customs. You are responsible for declaring the value of your items accurately, and for any import duties assessed by the customs authority of your country.