I started importing merchandise from the US and it seems that I'm paying the itbis twice for every item I bring in and then sell.
For example, let's say I purchase a $400 laptop from amazon to resell here. In order to pick it up, I need to pay the 16% ITBIS, $64. I sell it at $464, but the customer will pay $538.24 because he also has to pay ITBIS.
So essentially, the government is getting $138.24 for a $400 item, which is about 34.5%.
Does that make sense?
Thanks.
For example, let's say I purchase a $400 laptop from amazon to resell here. In order to pick it up, I need to pay the 16% ITBIS, $64. I sell it at $464, but the customer will pay $538.24 because he also has to pay ITBIS.
So essentially, the government is getting $138.24 for a $400 item, which is about 34.5%.
Does that make sense?
Thanks.