Author Topic: Tax for import watch to malaysia (Read 20592 times)

silverstan · « **on:** March 07, 2009, 09:15:07 PM »

Anyone know how much is the tax for import wrist watch to Malaysia?

sshark · « **Reply #1 on:** March 07, 2009, 09:22:10 PM »

AFAIK, Zero

danny · « **Reply #2 on:** March 08, 2009, 07:38:30 PM »

I think sshark is correct that there's no import duty for wrist watches in Malaysia. That's why M'sia is one of the best places to pick up great timepieces due to the tax exemption.

silverstan · « **Reply #3 on:** March 08, 2009, 08:27:47 PM »

That's good news for me.

chrisyen · « **Reply #4 on:** March 09, 2009, 09:12:59 AM »

no import tax for watches.... no gst and vat in malaysia.... so they r correct! correct! correct!

but some brand from euro who has high vat.... will control price.... by using fedex.... mean they actually selling higher price to asia country by saying they need to pay more to fedex arrangement!

i guess u know which brand i'm saying...

silverstan · « **Reply #5 on:** March 09, 2009, 04:48:01 PM »

guess i know which brand you mean.

silverstan · « **Reply #6 on:** March 09, 2009, 10:07:46 PM »

Just put my name on waiting list for Stowa Airman Original.
i get massive case back instead of sapphire back.
Metal case back more toward original flieger feel.
Euro 850 + Euro 39 Fedex.

chrisyen · « **Reply #7 on:** March 10, 2009, 06:47:24 AM »

to bring your wife to view....
u can go any hour glass, woo hing and rolex boutique in pavillion....
but to buy.... u better ask other sifu here who can give the best price in town !

chrisyen · « **Reply #8 on:** March 10, 2009, 06:49:10 AM »

try open account with fedex! u can get away with the 19% maybe!

sshark · « **Reply #9 on:** March 10, 2009, 08:18:22 AM »

can we piggy back on ur fedex a/c?

silverstan · « **Reply #10 on:** March 10, 2009, 09:14:31 AM »

Euro 850 is price without VAT, if inclusive VAT is Euro 990 (without swan neck & sapphire crystal back)

chrisyen · « **Reply #11 on:** March 10, 2009, 12:30:44 PM »

i agree... massive back more military look...
gd... finally u got it without vat....

silverstan · « **Reply #12 on:** March 10, 2009, 01:02:10 PM »

Quote from: sshark on March 10, 2009, 08:18:22 AM

can we piggy back on ur fedex a/c?

i don't have fedex a/c, i deal with them directly,
just explain to them Malaysia don't have import tax for wrist watch.
discussed with them for 1 month on this topic. LOL

Scott C. · « **Reply #13 on:** March 10, 2009, 01:55:07 PM »

I don't remember i will need to talk "tax" with Fedex when i ship watches out from Malaysia..

all i need to do is just to give them an invoice. If the ship-to country require tax, then it will be calculated based on the value i declared / value in the invoice..

is that the case?

A Japan online store offer me a Seiko MM 300 for USD1900 (which is around MYR6500), worth getting it?

chrisyen · « **Reply #14 on:** March 10, 2009, 03:52:15 PM »

silvertan, must economy bad.... last time alot of ppl nego with them on vat... they insisted it is charged by fedex!

scott, to ship out is ok... to bring in also ok...
but when we buy from those euro web site... they include the vat in the price... so we need to tell them malaysia no vat... the vat 19%... so they try not to exclude that because it will affect their selling price.... their agent in asia will loose out as well....

new mm for rm6500 is good price!

sshark · « **Reply #15 on:** March 10, 2009, 04:10:07 PM »

Today, The xchg rate is 1USD=RM3.7 so the watch is roughly about RM7k

silverstan · « **Reply #16 on:** March 10, 2009, 08:22:51 PM »

You going to pay via Paypal?
If your paypal charge from credit card, the price even higher.
Normally credit card exchange rate slightly higher.

i remember once i charge U$ 200 from my card.
i checked the rate is around 3.5, but my card statement after conversation is around 3.65

chrisyen · « **Reply #17 on:** March 10, 2009, 11:00:37 PM »

yes... credit got charges... exchange rate is higher through credit card as well....

if more than rm7k... better order it from city chain.... no risk....

Scott C. · « **Reply #18 on:** March 11, 2009, 07:07:49 AM »

Ya, the asked for Paypal and I understand the charge/exchange rate is much higher if paying through credit card... anywhere..i don't have a paypal account yet

If it's close to 7K, i will rather buy locally. Do you know where else properly selling this MM 300?

silverstan · « **Reply #19 on:** March 11, 2009, 10:05:09 AM »

you can try ask the seller give you 3 % discount if you send money via paypal mass payment service.
Sender bears the cost for 2% or U$1 max.
https://www.paypal.com/cgi-bin/webscr?cmd=_batch-payment-benefits-outside

caused Paypal will charge 3.4% from the money received.
https://www.paypal.com/my/cgi-bin/webscr?cmd=_display-fees-outside&nav=1.0.4

I can help you to send via paypal if you want. I have Paypal verified premier account,
i can give you bank's buying price instead of selling price. (normally i sell to others with selling rate)
Today MBB exchange rate U$1 = Sell @ 3.75, buy @ 3.65

If seller willing to discount for you, you just pay me discounted price + U$1 service charge for mass payment.
i can help you to send money without any extra charge.

Cocas · « **Reply #20 on:** June 08, 2016, 12:36:11 PM »

Last time during Sales Tax era, as long as the imported item is meant for domestics consumption and not for trade, there would not be Sales Tax upon importation.

Now with GST, even the subject is meant for domestics consumption/own use, we got to pat GST upon importation.

Aign..............

JeepWH · « **Reply #21 on:** June 08, 2016, 04:24:36 PM »

For watches with value less than RM 500 incl shipping, no GST is levied.

For watches above RM500 incl shipping, 6% GST will be charged. Depending on what shipping service you use, will determine whether you kena GST or not.

Registered airmail: Maybe/ Maybe not. If kena, Pos Malaysia will ask whether you want to appoint them as agent (approx RM 70) or pay yourself at kastam office.

EMS: Sure Kena. Pos Malaysia same as above.

Courier (DHL/ Fedex etc): They will call you first then clear customs for you and you pay them incl service charges. AFAIK quite expensive i heard.

dannyojw · « **Reply #22 on:** June 13, 2016, 01:37:39 PM »

thanks to GST, now we all kena

News:

Author Topic: Tax for import watch to malaysia (Read 20592 times)