Taxes and Duties When Shipping to Spain

jjkjHave you found a possibly great buyer in Spain or discovered a market and want to take advantage of it? If this is the case, you will be exporting your items to Spain, and you will need to learn as much as possible regarding the customs guidelines, the required documentation, as well as the tariffs that must be paid. In case you are simply shipping something for non-profit interest or for commercial use, and if your packages are cheap commodities, you will figure out that Spain is a state that’s truly open to trade.

Numerous rules with regards to taxes and duties are in effect, and it is very important to understand these guidelines ahead of sending packages to Spain. If you have a product that can sell at low prices, which consequently are harmful to the economy in Spain’s territory or anywhere else in the European Union, you may possibly have to pay out countervailing tariffs. Watches possess a special treatment, and it is essential to spend on taxes, duties, and other tariffs after every object is evaluated.

If you ship a commercial item valued less than 22 euro, you will save on duty or VAT. If the product costs less than 150 euro, you will not pay duties, however, you are not exempted from VAT. For products which have a valuation of over 150 Euros, you will shell out on both VAT and duties. Special duties which reduce the effects of dumping are applied for products valued at a noticeably smaller price tag than the one on the Spain’s local market. Excise taxes are put in place to luxury goods such as cigars, cigarettes and other tobacco products, wines or other alcoholic drinks and perfumes or other fragrances.

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Enduring Luxury – How Luxury Retailers Have Ridden Out the Recession

mBy all account 2008 & 2009 was probably the most challenging time in recent memory for retailers; especially in the luxury sector. However, Richemont’s acquisition of Net-a-Porter in April of this year and the recent sale of Harrods department store of Knightsbridge indicates that this sector of the market is resisting the downward slump felt by many mid-market retailers.

The trend towards buying expensive goods may seem peculiar in a recession but consumers are slowly waking up to the fact that buying ‘disposable fashion’ or cheap mass market clothing is a false economy. Paula Reeves, the CEO of the online luxury retailer Black, points to the fact that when buying luxury, although you pay a premium for the label you also get quality and timeless style. She goes on to explain that cheap clothing is great for one year but then it deteriorates and you end up buying the same item twice!

Black, along with many other luxury retailers have also had to work very hard and very smart in order to maintain growth levels. It is not simply a case of having a good product and a good service, it is important to take a step back and analyse where the opportunities are. For example, the UK at the moment is gearing its self for an ‘age of austerity’ with huge government spending cuts and tax rise imminent retailers have to be very price competitive to attract customers, while at the same time ensuring they don’t devalue their brand or products. This is where purely online operators such as Net-a-Porter and My Wardrobe have the advantage over traditional bricks and mortar business who pay for the privilege of having a presence in sought after urban shopping areas with high footfall.

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Luxury Cruises – The Once-In-A-Lifetime Special Vacation

lA century ago ocean travel was strictly for getting people and goods from one place to another. In the competition for passengers, shipping lines added luxury features that turned the journey from plain travel to pure pleasure. Ships like the Cunard Line’s legendary Queen Elizabeth 2 (the QE2) became a byword for sophisticated, luxury voyaging.

Luxury liners offer all the amenities and lavish indulgences you’d expect in a high-end, five star hotel, and more besides. Quite simply, there is no more comfortable way to travel; and, unlike a luxury hotel break, you journey to fabulous locations with no effort at all. There’s no traffic noise on the ocean and the unpolluted sea air is a well-known tonic.

Only one of the Cunard luxury ships still sails the traditional transatlantic route between Europe and New York. That’s the Queen Mary 2. Her cabins are spacious staterooms. The restaurants offer gourmet food. Entertainment is provided by august institutions, including musicians from the Juilliard School and drama by the RADA Company. There’s even a planetarium on board.

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Does The Economy Work With Your Luxury Real Estate?

qwSooner or later you’ll be ready to pack up and make that big move. You’ve been working hard and you’re finally ready for a change in scenery, but better than that, you’re ready to upgrade to your first luxury home. This is a huge step for any homeowner and should be handled with extreme delicacy and care on behalf of both the seller and the buyer. Certain things are more important than others and obviously you’ll want to take all aspects into concern when you finally make that first purchase, but what should be considered the most important element of the transaction?

An old motto:

You may have already heard it once and you’re going to hear it again, but, “location, location location!” the words have never rang truer. This should be the motto of the luxury real estate agent and over time it probably will be. Your surrounding are vital and make the difference between a nice hand with some land, and a luxury real estate. You want a property that will retain its value over the years to come, a community that works, and an economic situation that doesn’t hold you back.

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State Tax Information

kkAll states also have their own tax system. Typically there is a tax on real estate, and there may be additional income taxes, sales taxes, and excise taxes. Oil and mineral producing states often have a severance tax, which is similar to an excise tax in that tax is paid on products produced, rather than on sales. Taxes on hotel rooms are common, and politically popular because the taxpayers usually do not vote in the jurisdiction levying the tax.

These states do not levy an individual income tax: Alaska, Florida, Nevada, South Dakota, Texas, Washington, and Wyoming. New Hampshire and Tennessee only tax interest and dividend income. Delaware, Oregon, Montana and New Hampshire have no state or local sales tax. Alaska has no state sales tax, but allows localities to collect their own sales taxes up to a state-specified maximum. California has all the mentioned taxes, with the result that tax liability often exceeds 51% of income for many California residents.

Many states also levy personal property taxes, which are annual taxes on the privilege of owning or possessing items of personal property within the boundaries of the state. Automobile and boat registration fees are a subset of this tax; however, most people are unaware that practically all personal property is also subject to personal property tax. Usually, household goods are exempt; but virtually all objects of value (including art) are covered, especially when regularly used or stored outside of the taxpayer’s household.

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