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Import duty and vat if bought in Italy but shipped from Korea

  • 02-01-2014 4:07am
    #1
    T0MMY
    Registered Users, Registered Users 2 Posts: 101 ✭✭


    Hi
    If I buy a monitor off an Italian company on eBay but it is shipped from Korea, will I still have to pay import duty and vat?
    Thanks.


Comments

  • #2
    Frynge
    Registered Users, Registered Users 2 Posts: 1,667 ✭✭✭Frynge


    Currently researching for importing products from china and from my understanding you would be liable for the VAT but not the duty on it as you are not the importer but you are the receiver.

    I am possibly incorrect in my understanding.


  • #3
    RUDOLF289
    Registered Users, Registered Users 2 Posts: 794 ✭✭✭RUDOLF289


    T0MMY wrote: »
    Hi
    If I buy a monitor off an Italian company on eBay but it is shipped from Korea, will I still have to pay import duty and vat?
    Thanks.

    Hello TOMMY,

    in principle there is no import duty on monitors, especially from Korea where there is a Free Trade Agreement in place between the EU and Korea. All you would be liable for is VAT @ 23%. If you are a VAT registered trader and if the monitor is for your business, you are entitled to claim the VAT paid on imports, back through your periodic VAT return.

    Hope this helps

    Cheers,
    Rudolf289


  • #4
    pitrn
    Registered Users, Registered Users 2 Posts: 93 ✭✭pitrn


    Hi Rudolf,

    I have read your posts related to custom duty and VAT, and below is the paragraph that I do not understand very clearly.

    "Consignments not exceeding an intrinsic value of €150 may be imported without payment of Customs Duty, while consignments not exceeding a total value of €22 may be imported without payment of VAT. (Intrinsic value is the value of the goods alone, and does not include insurance and freight.) "

    I want to start a small business by importing handicraft products from india and selling them in Ireland on different websites.

    My question to you is, can I regularly import products from India making sure the products do not exceed 22 euro each time I import and this way get exempted from VAT every time.

    Can a import business be done this way, avoiding VAT and custom duty every time by buying small packages every time and just pay for postage and packaging?

    Thanks
    Piter


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