In: Civil Engineering
Real life cases of motorcycle importing in Spain?
To import in Spain for NON European companies, and know how to get your EORI, file your tax returns and deduct your import tax in Spain or Europe.
If you are thinking to buy products overseas, you must calculate the cost to import it to calculate properly your expenses. You must pay taxes and duties in Spain to import goods from outside the European Union, either an individual or a business entity. Taxes and import duties payable is calculated on the value of the imported goods plus the cost of importing them (shipping and insurance). With this article you will learn what are the cost that would have to consider and know well in advance what would be the total cost of buy goods abroad.
Import Duty
The import duties in Spain are typically in a range from 0% ( eg books ) until 17% ( for example Wellington Boots ) . Some products such as laptops , mobile phones , digital cameras and game consoles, are duty free . Some products may be subject to additional duties depending on the country of manufacture by example bicycles made in China could be taxed at an additional rate tax statistics or statistical value ( dumping ) of 48.5 % , Antidumping is a set of protection measures with order to avoid the practice of foreign companies to sell in foreign markets at a lower price than the market itself .
Value Added Tax ( VAT )
The standard VAT rate for importing products in Spain is 21 %, but in certain products, a reduced VAT rate of 10% or a reduction of 4% tax apply. The VAT is calculated on the value of the goods plus the costs of international shipping and insurance , in addition to import tariffs .
Exceptions
The exception to the duty and taxes payment on import shipments are for personal effects ( clothes, books , computers , furniture … ) by reason of change of residence . They are nontaxable and no need to pay duties and taxes if you provide that the age of each is equal or greater than 6 months, we recommend to include invoices to prove this to the inspections agents and avoid surprises
Other taxes and special fees
A special tax for example to pay snuff and alcohol.
Some extra customs charges will be applied to cover the costs of conducting the required tests and / or verification testing of imported goods .