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Squid · 9 October 2018, 02:47 AM

I am planning to purchase a new Rolex in Amsterdam, and wear back to US. But I am having significant difficulty reading the tables to determine the amount of customs and duty I need to pay when I return. The watch costs approximately $10,000. I realize this question has been asked before, but I can't find a current answer--I only want the approximate cost so I can be ready when I reenter the country.

beshannon · 9 October 2018, 04:11 AM

Quote:

The flat duty rate will apply to articles that are dutiable but that cannot be included in your personal exemption, even if you have not exceeded the exemption. For example, alcoholic beverages. If you return from Europe with $200 worth of purchases, including two liters of liquor, one liter will be duty-free under your returning resident personal allowance/exemption. The other will be dutiable at 3 percent, plus any Internal Revenue Tax (IRT) that is due.

https://www.cbp.gov/travel/internati...toms-duty-info

tyler1980 · 9 October 2018, 04:13 AM

all that really matters is VAT free and then adding import fees you are way ahead of US retail+ sales tax

Squid · 9 October 2018, 10:35 AM

Thank you both for replying. Understand that after the free allowance ($800) that I will be taxed at 3% on balance (in this case 3% of $9,200), but what is the IRT Internal Revenue Tax. I will be purchasing watch for personal use and will be wearing it.

9 October 2018, 02:47 AM	#1
Squid "TRF" Member Join Date: Oct 2018 Location: USA Posts: 2	Request for Information I am planning to purchase a new Rolex in Amsterdam, and wear back to US. But I am having significant difficulty reading the tables to determine the amount of customs and duty I need to pay when I return. The watch costs approximately $10,000. I realize this question has been asked before, but I can't find a current answer--I only want the approximate cost so I can be ready when I reenter the country.

9 October 2018, 04:13 AM	#3
tyler1980 "TRF" Member Join Date: Apr 2015 Location: Houston Posts: 17,622	all that really matters is VAT free and then adding import fees you are way ahead of US retail+ sales tax __________________ Instagram: tyler.watches current collection: Patek 5164A, Patek 5524G, Rolex Platinum Daytona 116506, Rolex Sea Dweller 43 126600, Rolex GMT II 116710LN, AP 15400ST (silver), Panerai 913, Omega Speedmaster moonwatch, Tudor Black Bay (Harrods Edition)

9 October 2018, 10:35 AM	#4
Squid "TRF" Member Join Date: Oct 2018 Location: USA Posts: 2	Thank you both for replying. Understand that after the free allowance ($800) that I will be taxed at 3% on balance (in this case 3% of $9,200), but what is the IRT Internal Revenue Tax. I will be purchasing watch for personal use and will be wearing it.

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