Taxes charged on gifts received from another country

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  • Benutzernameparishiltonwanabe
  • Status Member
  • Registriert seit1/24/17
  • Beiträge5

My mother-in-law in law (who lives in Sweden) sent us a parcel of toys for the children last Christmas. When the package arrived, I had to pay a pretty penny to the courier for “taxes” in order to receive the package. In this case, I probably spent almost as much on those charges as what the toys were actually worth. What is the deal? Any help appreciated.

 
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  • BenutzernameMoneyguru von moneyland.ch
  • OrtSchweiz
  • Status Expert
  • Registriert seit8/4/15
  • Beiträge4072

Swiss customs laws allow gifts up to the value of CHF 100 to be imported duty-free. However, it is very important that the package is clearly marked as a gift and that the contents and their value are clearly invoiced on the outside of the package. If not, customs duties, courier fees for added administration and VAT will apply. These are collected by the post office or courier along with postage or courier fees.

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  • No exchange fees for foreign payments (interbank exchange rates)

  • 24 ATM withdrawals worldwide per year free of charge

Swiss digital bank

Radicant

  • High interest on your everyday account

  • Best exchange rates

  • Up to 1% of card spending as saveback in the investment portfolio

Free bank account

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  • No account fees

  • Banking partner: Swissquote & Postfinance

  • CHF 20 trading credit with code «YUHMONEYLAND»

Swiss digital bank

Alpian

  • CHF 100 welcome bonus

  • Favorable foreign exchange rates

  • Multi-currency account with Visa card (CHF, EUR, USD, GBP) 

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