LV Pit Or Re Taxation To Hong Kong To Buy Luxury Goods, Bear The Tax Exemption Limit.

Shenzhen citizens who like to buy luxury goods in Hongkong should pay attention to the fact that according to the latest regulations, the total value of self purchased articles in Hongkong will be fully taxed if they exceed 5000 yuan. At the same time, the limit for each person to carry cash is 20000 yuan per person, and one yuan for clothing below 1000 yuan.

Many women in Shenzhen like to buy cosmetics in Hongkong.

To this end, the Shenzhen customs reminds the public that if they buy cosmetics, electronic products and other taxable goods in Hongkong, they should declare to the customs voluntarily when they enter the country.

According to the regulations of the General Administration of Customs on the entry limit of Chinese tourists, the articles of clothing, clothing, shoes, hats, arts and crafts, and other daily necessities of less than 1000 yuan (including 1000 yuan) are brought into the country for tax exemption within the reasonable number of personal uses, of which the value of RMB 800 yuan or less is less than 1000 yuan.

Buy LV pit or re tax

According to the latest announcement No. fifty-fourth issued by the Customs General Administration of People's Republic of China in 2010, it is exempt from taxation when the self employed articles carried by overseas residents (except for many short and frequent passenger trips) are earned within 5000 yuan (including 5000 yuan). The total value exceeds 5000 yuan, which is approved by the Customs for their own use. Only the excess part is taxed, and the total tax on the indivisible items (such as the expensive watches with a total value of more than 5000 yuan, brand name handbags, etc.) can be levied.

For the entry of non resident passengers carrying personal personal belongings which are intended to remain in China, the total value of them is less than 2000 yuan (including 2000 yuan), and tax exemption will be released. The total value exceeds 2000 yuan, and only levy taxes on the excess part, and impose full tax on indivisible items.

The source said that this meant buying LV in Hongkong at a rate of over 10000 yuan, or would be repaid by Shenzhen customs once again.

Carrying cash in and out of quota

Although it is now possible to freely brush cards in Hongkong, there are still a lot of people who tend to carry RMB cash into the country.

The Shenzhen customs reminds the public that each person with a limit of 2000 yuan and a sum exceeding 2000 yuan should submit a written declaration to the customs voluntarily.