i plan to buy a 160 USD watch and lets say the exchange rate is 4.35, so the watch is rm696(>RM500), will it be taxed?
Malaysia Import Duties
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Malaysia Import Duties
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Dec 27 2015, 06:54 PM
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Junior Member
34 posts Joined: Apr 2012 |
Hi can anybody help to answer my question here?
i plan to buy a 160 USD watch and lets say the exchange rate is 4.35, so the watch is rm696(>RM500), will it be taxed? |
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Dec 27 2015, 07:14 PM
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#942
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689 posts Joined: Apr 2012 |
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Dec 27 2015, 07:15 PM
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#943
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689 posts Joined: Apr 2012 |
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Dec 27 2015, 07:29 PM
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34 posts Joined: Apr 2012 |
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Dec 27 2015, 07:32 PM
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12 posts Joined: Jul 2015 |
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Dec 27 2015, 07:45 PM
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#946
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QUOTE(twshen @ Dec 27 2015, 07:29 PM) If everything is declared correctly, you will be taxed at [Cost of item + Freight (shipping) charges + Insurance (sometimes insurance is included in the shipping charges already)] x 0.06 for GST.QUOTE(LouisLord @ Dec 27 2015, 07:32 PM) They will ask you for SIRIM permit once the shipment arrives at custom and pending for clearance. You may however, apply SIRIM permit in advance, and provide them (the freight company) with whatever documents to proceed for custom clearance.I'm talking about the usual procedure required in accordance to the law, if you know jack sparow you may be able to bypass SIRIM |
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Dec 27 2015, 08:23 PM
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12 posts Joined: Jul 2015 |
QUOTE(b0rhui @ Dec 27 2015, 07:45 PM) They will ask you for SIRIM permit once the shipment arrives at custom and pending for clearance. You may however, apply SIRIM permit in advance, and provide them (the freight company) with whatever documents to proceed for custom clearance. I'm talking about the usual procedure required in accordance to the law, if you know jack sparow you may be able to bypass SIRIM |
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Dec 28 2015, 12:15 PM
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Newbie
1 posts Joined: Nov 2011 From: Sabah |
Hi, can anyone share the way these custom import duty are counted? I found the old version here but as you know we got GST. Pls share the new one.
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Dec 28 2015, 01:50 PM
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1,435 posts Joined: Apr 2011 From: Blank Space |
QUOTE(maz07 @ Dec 28 2015, 12:15 PM) Hi, can anyone share the way these custom import duty are counted? I found the old version here but as you know we got GST. Pls share the new one. What item?Origin? Gross weight (packaging)? Invoice value? Need this 4 input for duties/taxes/GST calculation. |
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Dec 28 2015, 02:55 PM
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Newbie
1 posts Joined: Nov 2011 From: Sabah |
@kherel77. It's a silicone product(like smartphone case). Origin is China. The weight probably is 3KG. Total is $280(including shipping). Do you have the formula to count this import duty? Thanks.
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Dec 28 2015, 04:44 PM
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Senior Member
1,435 posts Joined: Apr 2011 From: Blank Space |
QUOTE(maz07 @ Dec 28 2015, 02:55 PM) @kherel77. It's a silicone product(like smartphone case). Origin is China. The weight probably is 3KG. Total is $280(including shipping). Do you have the formula to count this import duty? Thanks. Phone case ; Tariff Code 4202.99 900 -> Import duty 0%, GST 6%Origin China ; Min freight rate (<45kg) is RM126.68 Only GST calculation for you item: =(Inv value + 10% insurance + IATA freight rate) x 6% (GST) =(RM280 + RM28 + RM126.68) x 6% =RM434.68 x 6% =RM26.00 But your CIF value is under RM500, so you can ask for duty/tax exemption under "Customs Duties Exemption Order 1988 Item#172: Any goods below RM500 CIF value using air courier services thru KLIA, Subang, Bayan Lepas, Senai, KK & Kuching airport will be duties/taxes exempted except cigarettes, liquors & tobaccos." |
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Dec 28 2015, 05:51 PM
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Junior Member
57 posts Joined: Jul 2008 |
Hi, if i would like to import PC from HK for business purpose (reselling). May I know how to apply SIRIM cert?
PC is 0% import duty rite? please correct me if i was wrong |
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Dec 28 2015, 05:57 PM
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Newbie
1 posts Joined: Nov 2011 From: Sabah |
@kherel77. That is very precise calculation. I would have given you a thumbs up or add your reputation if possible(couldn't find the button to do that)
Edited: Sorry, it was RM1203.58(after converted), not RM280. This post has been edited by maz07: Dec 28 2015, 06:58 PM |
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Dec 28 2015, 07:23 PM
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QUOTE(maz07 @ Dec 28 2015, 05:57 PM) @kherel77. That is very precise calculation. I would have given you a thumbs up or add your reputation if possible(couldn't find the button to do that) Tariff code can check thru several website whether free or paid one. Then I'd cross checked with my Customs Duties "kitab" at my workplace....Edited: Sorry, it was RM1203.58(after converted), not RM280. IATA freight rate is given by my shipping agent. Btw, it's only applicable to air-courier company only. For bulk forwarder agent, they use different rate. I think i'd post duty/tax/GST calculation previously..try check it out.. So GST calculation for your items: =(Inv value + 10% insurance + IATA freight rate) x 6% (GST) =(RM1230.58 + RM123.06 + RM126.68) x 6% =RM1480.32 x 6% =RM88.82 |
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Dec 28 2015, 07:40 PM
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Newbie
1 posts Joined: Nov 2011 From: Sabah |
@kherel77, let's just assume the item that I am trying to buy is taxable. For example, maybe PC accessories or something taxable. What is the formula? The previous formula is non-taxable. Right? BTW, it's really nice to have someone from Kastam here. Thank you for your help.
This post has been edited by maz07: Dec 28 2015, 08:09 PM |
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Dec 28 2015, 08:19 PM
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#956
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Senior Member
1,435 posts Joined: Apr 2011 From: Blank Space |
QUOTE(maz07 @ Dec 28 2015, 07:40 PM) @kherel77, let's just assume the item that I am trying to buy is taxable. For example, maybe PC accessories or something taxable. What is the formula? The previous formula is non-taxable. Right? BTW, it's really nice to have someone from Kastam here. Thank you for your help. GST is the tax. Previous calculation is for no Import Duties.Sample for 20% Import Duty & 6% GST Invoice value = RM1047 after convert Origin = USA Weight = 2.0kg (but min IATA freight rate from USA is RM421.59 for less 45.0kg) Duty calculation: (Invoice value + 10% Insurance + IATA freight rate) x 20% Import duty (RM1047 + RM104.7 + RM421.59) x 20% = RM314.66 Est. GST: (Shipping + Insurance + freight rate + Import duty) x 6% GST (RM1047 + RM104.7 + RM421.59 + RM314.66) x 6% = RM113.28 Total duty & GST to pay ~ RM427.94 |
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Dec 28 2015, 08:36 PM
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Newbie
1 posts Joined: Nov 2011 From: Sabah |
@kherel77, I mean custom duties. Sorry, luckily you get what I mean. Alright, thank you for the very informative info. Very helpful.
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Dec 29 2015, 05:02 PM
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Newbie
1 posts Joined: Nov 2011 From: Sabah |
@kherel77, what if i bought something that cost RM480 and the shipping is free? Does the seller still need to include the shipping invoice? So far, small items that i bought on eBay doesn't provide it but that's because it's a small packet. Is free shipping needed to be written on the invoice? Appreciate if you can provide full guide on free shipping thing. Thanks.
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Jan 6 2016, 12:51 PM
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Senior Member
1,407 posts Joined: Jul 2009 |
Hi guys,
Can calculate how much my import duty and tax What item? - Lego Origin? - USA Gross weight (packaging)? - 3.36 Kg Invoice value? - RM1300.46 (Including Shipping) Thank you. |
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Jan 7 2016, 04:28 PM
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Senior Member
1,435 posts Joined: Apr 2011 From: Blank Space |
QUOTE(maz07 @ Dec 29 2015, 05:02 PM) @kherel77, what if i bought something that cost RM480 and the shipping is free? Does the seller still need to include the shipping invoice? So far, small items that i bought on eBay doesn't provide it but that's because it's a small packet. Is free shipping needed to be written on the invoice? Appreciate if you can provide full guide on free shipping thing. Thanks. Actually shipping free terms is only between buyer & seller. As the items is small, maybe seller use the cheapest air-registered-postal service & absorb the cost but add in sale value. In Customs duties/taxes calculation, freight rate is using IATA standard as per i've told before. If there is no invoice, Customs will take the info & value from Air Way Bill whether Master or House AWB.*p/s: to tag a members CODE [@maz07] It will become maz07 This is why i missed your post for few days This post has been edited by kherel77: Jan 7 2016, 04:35 PM |
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