|THINGS TO CONSIDER||STORAGE||CUSTOMS|
|IMPORTING A CAR||MARINE INSURANCE||DUTY & TAX|
DUTY AND TAX RATE PERCENTAGE
Expats moving to Italy can choose to ship their household possessions, furnishings or even a vehicle to this country; however, there are a few regulations that first need to be taken into account. Apart from the actual cost of transporting the items, people sometimes end up paying a significant amount of money to the customs authorities, because of inadequate knowledge or paperwork.
Import duties and taxes are levied by the Italian government on goods that are brought in from outside the EU. The amount payable is calculated on the CIF (value of the goods + insurance + freight). Import duty rates in Italy generally range between 0% and 17%, depending upon the item. However, duty isn’t levied if the value of the goods is under €150.00. Common duty-free products include laptops, mobile phones, video games and digital cameras, as long as they are not brand new. Used furniture, linen, kitchen appliances, books, toys, clothes, accessories and other personal possession items rarely attract import duties.
On the other hand, certain products are subject to additional duties because of their country of manufacture. For example, a bicycle that is made in China carries an extra 48.5% anti dumping duty. The standard Value Added Tax (VAT) on most items is 22% of the value, plus the shipping cost and insurance. Some items also attract an excise duty. Additional customs fees may be levied on imported goods that need to be examined, verified or tested.
The import procedures are subject to a written declaration. Some of the basic documents required by Italian authorities for the import of household goods and personal effects include passport copies, original bill of lading or airway bill, packing list in English or Italian, list of contents (in Italian), copy of the tax code number and the original consular declaration. In case of artwork, antiques or jewelry, 2 photographs of each item should be present, preferably along with insurance appraisal details.