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<p>[QUOTE=&quot;Limes, post: 8210784, member: 101013&quot;]Late to the &#039;party&#039;, but recently I&#039;ve delved into the wonderful world of costs&nbsp; for importing goods from non-EU countries, since I&#039;m interested in a coin offered by a non-EU based company. And as of July last year, some change have been made in EU law, which resulted in e.g. VAT being applicable to all purchases, including purchases below EUR 22. The following is written from the perspective of a collector based on the old continent. </p><p><br /></p><p>When importing goods to the EU from a non-EU country, the buyer has to take into account additional costs. These include VAT, import duties and handling costs by the carrier. These costs exclude the costs for shipment, and e.g. storage. </p><ul> <li>The VAT is 21% or 9%, depending on the goods one is importing. The applicable tarrif for coins, is 9%, as coins fall under the categorie &#039;collectibles&#039; (NB. my translation)</li> <li>import duties are applicable above EUR 150. Depending on the good, the tarrif can be anything between 0% and 12%. The EU Commission maintains a database, also used by the custom authorities of the EU members, where one can use the relevant HS-code to find the applicable tarrif. For ancient coins, I&#039;ve used code 970531: &#039;collectibles of numismatic interest, older then 100 years&#039; (NB, my translation). The tarrif is 0%.</li> <li>As of July last year, customs clearance fees are always applicable, including for goods below 22 EUR. The costs vary depending on the shipping company. E.g., for our national postal service it&#039;s 13 EUR, for DHL it&#039;s 10 EUR. Overviews of the costs per shipping complany can be found online.</li> </ul><p>An example: purchasing a coin of over 2.400 EUR from a non-EU based company, can result in the following fees (many of the fees may vary, depending on the service used or company involved):</p><ul> <li>20% auction fee (excluding fees for, e.g., bidding by phone): 480 EUR</li> <li>wire transfer costs of 12 EUR </li> <li>shipping fee of 75 EUR (no joke, I found this tarrif on one site for higher value shipments)</li> <li>9% VAT (216 EUR)</li> <li>Import duty: 0 EUR</li> <li>Customs clearance fee: 10 EUR</li> </ul><p>Total: 793 EUR, which is about 33% of the costs of the coin.</p><p><br /></p><p>I wont judge these costs, it&#039;s up to every to do so themselves. The lesson I take from this, is to take these costs into consideration when thinking about placing a bid.[/QUOTE]</p><p><br /></p>

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