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2. What is Declared Value and VAT？

1. What is Declared Value?

Declared value is the amount a shipper states to the carrier that his shipment is worth. The value of the goods is declared for clearance at the port of entry. In case of any loss or damage to the shipment during transport, the carrier is liable to compensate the shipper based on the declared value.

When importing goods, you need to declare the price of the goods to the customs, determine the taxation/exemption and tax rate in the customs, and pay the necessary taxes and fees such as customs duties to obtain an import license.

*There is a “Goods value declared to customs” in “Customs Invoice & Comments” on the Check-Out page which is automatically input by our system. If there is no particular request, you can proceed with your order as it is.

*If you are familiar with Customs Clearance, You can also decide the amount to declare. In the case of low-cost customs declaration, the package may be returned or can not be properly delivered due to unsuccessful customs clearance. The loss is borne by the customer. If you have any questions, please bring your order number before payment and contact customer service for consultation.

2. What is VAT?

A value-added tax (VAT) is a consumption tax placed on a product whenever value is added at each stage of the supply chain, from production to the point of sale.

A VAT number, when used in the EU, means a VAT payer number that a company has registered with a government agency. To obtain a VAT number, VAT registration is required for each country/region.

*There is a “VAT Code” in “Customs Invoice & Comments” on the Check-Out page, but individuals do not need to enter a value-added tax (VAT) number.

?Due to different countries/regions' tax policies, buyers are responsible for customs duty/VAT if taxes occur. Thank you for being so understanding.

Previous: What is a Customs duty? Can we always declare low? Next: New EU 2021 VAT Rules for Ecommerce
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