One of the critical aspects of shipping artwork abroad is understanding and correctly applying the Value Added Tax (VAT). This is essential to avoid high fees that could lead to the return of the order.
The VAT rate applied at customs can vary depending on the nature of the artwork and its destination. Therefore, it's essential to provide accurate and detailed information on the invoice to prevent customs officials from arbitrarily assigning a description that could result in higher fees.
Here are some steps to ensure the accurate application of VAT:
Identify the Artwork : Clearly state whether the artwork is an original work of art, a collection item, or an antique. This will determine the VAT rate applicable.
Calculate the CIF Value : The CIF value includes the cost of the artwork, insurance fees, and transport fees. This value forms the basis for the VAT calculation.
Apply the Correct VAT Rate : Based on the classification of the artwork, apply the correct VAT rate. The rate can vary depending on the destination country and the nature of the artwork.
Include All Details on the Invoice : Ensure that all these details are clearly stated on the invoice. This will help customs officials apply the correct VAT rate and expedite the customs process. In particularly, remember to indicate the corresponding customs code (HS), so as not to let customs enter it for you, and thus run the risk of it being wrong. Here are a few examples:
97019100 Paintings, for example oil paintings, watercolors and pastels, and drawings, made entirely by hand
97012100 Paintings, for example oil paintings, watercolors and pastels, and drawings, made entirely by hand, over 100 years old
97029000 Original engravings, prints and lithographs
97021000 Original engravings, prints and lithographs, over 100 years old
97031000 Original sculptures or statuary, in any material, over 100 years old
97039000 Original sculptures or statuary, in any material (excluding those over 100 years old)
83062900 Design, Statuettes, ornaments - Statuettes and other ornaments, in common metals, not silver-plated, gold-plated, or platinum-plated (except art objects, collectibles, and antiques)
By providing detailed and accurate information on the invoice, you can help ensure that customs officials do not arbitrarily assign a description, thus preventing higher fees.
Remember, a smooth shipping process contributes to a positive customer experience, which can lead to repeat business and a successful, lasting partnership.
NB : Artsper is not responsible for the customs rate applied. This article was written on 09/04/2024 from this source and is subject to change.