0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
When the US levies tax on coffee from colombia this type of tax is called?
export duty
Why are you charged so much tax when ordering from the US?
Duty
Why is it a civic duty for US citizens to file an income tax return?
Because it is the 'Law of the Land'.
Difference between Indian tax and us tax?
Indian tax is based on duties, A tax is a standard rate that is applied to material goods. A duty is applied to something, and must be paid, based on the estimated value of the item.
How much is duty on clothing from US to Canada?
The amount of duty on furniture from USA to Canada depends on the type of goods being imported and the country where it was made. An example on furniture worth CAN$1000 has a duty tax of $50.00 in the USA.
How long do you have to leave the u.s. before reentering with your passport?
You must always enter the US with a passport, or a valid immigration card.
Do alcoholic beverage companies fulfill their ethical duty to be informative and truthful in advertising?
Research by the US federal government suggests that virtually all alcohol ads fulfill the legal duty of advertisers.
How much beer can bring into US from Canada?
One-liter of alcohol per person may be brought into the US from Canada, duty-free. Additional quantities may be brought in, but they will be subject to duty and Federal excise taxes, which will be assessed and collected at the port of entry.
What are taxes on goods coming into the US called?
Goods coming into the United States are generally charged a tax. The tax is called customs duty and depend on the value and nature of the goods.
Are tires duty free into Canada from US?
It is my understanding that under NAFTA (North American Free Trade Agreement) there is no duty on tires purchased in the US if they are manufactured in North America (US, Canada, or Mexico). However, you will have to pay GST and maybe PST depending on the province in which you live. If the tires are manufactured outside of N.A., then yes, you have to pay duty as well as tax.
What is customs duty?
Import or export duty, a tax, if you live in America and buy an electrical good here in Europe you could make a saving as they might waiver a purchase tax for their country as you are taking it outside their tax area, the downside of such a deal is the plugs that are affixed to the equipment might not be compatible with US electricity supplies so your saving could be blown away by having to buy transformers to make it work.
International estate tax Inheritance from the UK Do I pay US tax?
The UK and the US have an estate tax treaty which would govern. It's been about 10 years since I've looked at the treaty, but you should be able to find it online. However, the tax is not assessed on the inheritance, but rather on the estate. In other words, the beneficiary doesn't pay the tax. The personal representative of the estate (executor or administrator) pays the tax and then distributes the property. In some instances, if the executor fails in that duty, the IRS or UK equivalent can follow the property to collect the tax. From memory, the issue depends on the country of citizenship and on residency in which country. I believe that the estate of a UK citizen would pay the UK tax; the estate of a US citizen would pay the US tax. An exception would be with respect to, for example, US assets owned by a UK citizen. The US assets would be subject to the US estate tax. Remember, though, that for a decedent passing away this year, the decedent's estate has a tax credit that pays the tax on the first $2 million in the estate's value.
