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Gollywog
Joined: 14 Jun 2008
Location: Debussy's brain
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 Posted: Mon Oct 20, 2008 4:34 am Post subject: Question: Customs duty and VAT on shipped in item |
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I gather the first $150 of an item shipped into Korea is clear. But how much is the duty and VAT on an electronic item if I buy it abroad and have it shipped to Korea.
If it is $350, and the first $150 is free, then how much is billed on the next $200?
Am I approaching that right? Anyone have experience with this?
Thanks! |
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victorology
Joined: 10 Sep 2007
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| Posted: Mon Oct 20, 2008 4:50 am Post subject: Re: Q: Customs duty and VAT |
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| Gollywog wrote: |
I gather the first $150 of an item shipped into Korea is clear. But how much is the duty and VAT on an electronic item if I buy it abroad and have it shipped to Korea.
If it is $350, and the first $150 is free, then how much is billed on the next $200?
Am I approaching that right? Anyone have experience with this?
Thanks! |
I don't think it works like that. If an item exceeds $150, you will be taxed on the full amount. So if your item was $350, you'll get charged tax not only on the full $350 but whatever the shipping charges were. The duty will be charged in won and with the strong dollar, the customs Web site says the rate is around 1250.
Check this Web site for more information.
http://english.customs.go.kr |
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