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Taxes & Import Duties

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by Wekom » Tue May 23, 2017 5:27 pm

We're getting really near launching our new project on Kickstarter (Children's Educational Soft Toy). BUT... I'm worried about taxes, specifically import taxes.

The toys are being made in CHINA. The KS campaign is being run in the UK and we expect most of the backers to be from there and/or the US. But what are the implications of the import duty, VAT etc. assuming that we are successful. :lol:

We don't expect the project to take us over the VAT threshold, so weren't going to register at this time. If anybody has any experience of this we would be delighted to hear from you.

Thanks in advance,

Amy at Wekom.
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by hyperstarter » Thu May 25, 2017 9:28 am

So I think you should be looking at VAT and Import tax in China. I looked the other day and saw China changed it to about 60% for cosmetics and 30%+ for electronics...a huge amount.
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by Wekom » Thu May 25, 2017 9:34 am

OK thanks.
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by Cristina » Mon May 29, 2017 3:14 am

This post has been moved to the Kickstarter and Crowdfunding Questions Only (Strict) section.
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by SantaMonica » Mon May 29, 2017 11:25 am

It's not importing into China, it's importing into UK/US. So you would look at duties there.
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