When shipping goods internationally, understanding who is responsible for paying duties and taxes is essential to avoid unexpected costs and legal issues.
Importer’s Responsibility
- Duties and Taxes: Generally, the recipient or importer is responsible for paying any duties and taxes assessed on a shipment.
- Incoterms: These terms define the responsibilities of buyers and sellers regarding the delivery of goods. Common terms include DDP (Delivered Duty Paid) and DAP (Delivered At Place), which specify who is liable for these costs.
How to Manage Duties and Taxes
- Hire a Customs Broker: A customs broker can manage the complexities of duty calculations and payments.
- Understand Local Regulations: Each country has different rules and rates for duties and taxes. Being informed can help you estimate the costs involved.
Concerned about handling duties and taxes for your international shipments? Reach out to us for expert assistance in managing these financial responsibilities effectively.
