A Guide on Import Taxes While Importing Goods to USA

import tax in United StatesWhen you are trying to sell online there is a lot to consider. When you are trying to work between two different countries, it can take things to an entirely new level. Though you may not necessarily think that there are many different considerations for importing goods, there is so much that you need to know going into this. Don’t let this scare you off, but it is important to educate yourself on all of this and therefore get ingrained in the process in a really big way.

Though some smaller business may not want to get involved with importing, this baseline education can help you here. If you are a small business and want to know how to import from China, take a look at this article.

Just hearing the phrase “import taxes” may scare you off, but consider this another possible fee. There are enough of these within shipping within the same country, but when it comes to importing into the USA it’s a whole new ball game. You must know the laws and at least have a general working knowledge about how taxes and fees are calculated in this manner. The sooner that you learn this the more that it will benefit you, and it opens up so many options if you go down this path. This is yet another way of educating yourself as an online seller, and this knowledge is something that you can carry forward with you.

Understanding The Way That The Whole Process Works Is What It’s All About

This is an important thing to think about in and of itself—the more that you look into importing into the USA from outside countries, the more that it may open up additional possibilities to you. This is really helpful for it can help you to gain some partners in other countries and really increase your offering. Though it is an education process, importing goods into the USA is simply a matter of understanding the process and the taxing component is another important part of that.
Don’t let this be a deal breaker, just work to understand the taxes in this capacity. Consider it another aspect of your fee structure, but know that sometimes there are some unforeseen issues within here. Know that nothing is guaranteed but some steadfast rules will always apply. The more that you get into the nitty gritty early on, the more that you can stay ahead of this.

Taxing goods is nothing new so use that as your motivation for learning how this all works, and let it guide you to making good business decisions. Whether you are on the importer or exporter side, the people of the USA want the goods and it’s your job to figure out how to make it work—it all starts with taxes and understanding the way that this process works to benefit you greatly in the end!

This Is Just Another Way of Educating Yourself To Be The Best Seller Possible

If you take an eBay course then you can learn about the ins and outs of the importing process and taxes, which is always a good proactive measure. In the meantime though getting a glance in this snapshot will help you to understand it easily. There is a lot to digest and you do have to remember that the taxes are dependent upon several factors. If you are diligent about integrating yourself into this process then you can make this work to your best advantage and therefore ensure that you are a successful seller abroad. Here is what you need to know about import taxes and what factors into this.

If the goods are less than $100 then they are considered duty free:

One important thing to know upfront is that the taxes aren’t really that important for the smaller items. If you are importing something into the USA and it happens to be under the value of $100 then it is not necessarily subject to additional fees or duties depending on the home country. That doesn’t mean that customers won’t pay for shipping because that can’t add up, but the extra fees in the way of taxes specifically are not an issue. Know this as a general rule of thumb and know that other rules may apply, but this is a good guiding principle.

The estimated fees may not always be precise so be aware of that going in

Many times you will see online sellers try to estimate the taxes and fees but know that these are not always set in stone. You have to be careful with this for when you estimate it that some customers may attach themselves to that as the end result. Be very clear that these are only estimations and that the taxes and fees may change, and this will ensure that you don’t lose business if they happen to be more. This is always subject to the value of the good and a government inspection, so things can change quickly and often.

 Reputation is everything so you want to go with somebody who understands this process

If you are the importer then you need to have a good reputation. If you are the exporter then know that your knowledge in this area is the only thing to set you apart. Importing is a tough but lucrative business so getting to know any new terms or laws is key. Also being on the up and up, and ensuring that you run your business properly in this capacity matters greatly. Never underestimate how importing works and how extensive it can be when it comes to taxing specifically. Though reputation always matters, it matters here so much because it ensures that you are an expert in this area.

The good must be marked with the value on the outside of the packaging

In the end as with so many different fees, the actual structure depends on the value of the good itself. When it comes to importing to the USA you must be sure that you clearly mark the true value of the product on the outside packaging. Though you may put something in for importing, know that all goods are susceptible to an inspection so be prepared for this. They want to see that you have clearly marked the true value for this is a good first indicator. The experts may have questions when it comes to the taxable value, so the more well versed that you are in this process the better you will be—a couple of times working through this and some good background knowledge can help you to truly be successful in an area that matters so much with importing and therefore growing your business in this way!

I am KK an eBay and Amazon expert, teacher and internet marketer. I offer advice on e-commerce, content marketing and guest posting.