Bill
31176
There has two be different applications to used “vintage” vs new
Sure i would find it suspicious if some was traveling with two or three sealed / new workers watches or even one with the box and materials. But vintage watches or for arguments sake 5-10 year old watch.
A new watch can clearly be evaluated as for its worth and you could argue a discount etc. In the case of having more than one and less than a year like new you could face issues but it would be possible to have access to records within reason.
But a vintage rolex you have owned for 25 years a watch purchased for $2000 in the 1990’s or 1980’s etc and now they decide to google snd say it is worth 15,000 how can you square that up. As a collector you may have an old omega and some other obscure sicura. Are you supposed to produce your records and sales invoice from 25 years ago. Even then the tule should be applied using retail price when new not market value. No way should current market value be assessed. Not to mention the fact that you are not a dealer by trade. They should have to prove it is your business to buy and sell. Or at least you should be able to say i am not a dealer.
Complicated stuff.
Impressive story
By: VinnieD : March 25th, 2019-13:42
Such a situation must feel depressing for the poor enthusiast. But one has to admit that the customs need to do their job and the people they randomly check could very well be second hand watch dealers so the argument "it is an old watch" doesn't hold wat...
Maybe you ....
By: bimbeano : March 25th, 2019-18:30
... already were a Belgian used to pay taxes , then became a European used to pay extra taxes and now a Swiss getting used to even pay more taxes 😂. There are rules indeed, but who invents these rules ? Yup, the biggest thieves. Paying taxes or VAT on a 5...
Pays to Know the Rules
By: Steve E : March 25th, 2019-15:25
A couple years ago I had a trip to Singapore. I was planning to shop a bit and brought along a Nautilus to wear for that purpose. For less attention I also had an IWC 3705. Then I bought a new watch - a Tudor. Next stop on the trip was Bangkok, and now th...
Imagine having to pay ...
By: bimbeano : March 25th, 2019-18:41
... a yearly tax on the extra value of your watch collection. In Belgium it would be possible, but only if the value goes up. If value goes down they don’t pay back ... actually this is what happening in real life with real busines, you have a bad year yo...
Read closely ...
By: bimbeano : March 25th, 2019-18:43
To get the VAT back is nearly impossible, and when he gets it back he will have to go straight past the German customs booth . Tehy will ask were he got these watches and probably be fined and have to pay import taxes as well because he probably cant prov...
A friend of mine ...
By: bimbeano : March 25th, 2019-18:59
... once came back from a flight from Switserland with a Rolex on the wrist. He could not show them the purchase invoice because obviously why on earth would you carry it with you ? So he had to send them the invoice with proof of payment ( in the EU) to ...
Seems justifiable to me
By: Uncle Chico : March 26th, 2019-01:04
Every time I have moved to a different country, the rule has been personal property is duty free, commercial property is subject to import tax. There need to be some assumptions applied when a traveller is found to have more than what is reasonably necess...
Safeguarding
By: chippyfly : March 26th, 2019-07:03
This is worrying for me and I certainly do not know the various rules when I go on holiday abroad. I have a watch roll and like to take some of my more valuable watches with me in my carry-on luggage. Two common reasons for taking a few watches with me: T...
Never go to India...
By: U3O8 : March 26th, 2019-14:02
Not only will your checked-in luggage be opened...violently...with the lock broken or zippers clipped, but they will insist on inspecting your luggage to assess dubious customs duty or simply ask for a bribe. This has happened to me numerous times at Bomb...