Jump to content

Winning a prize from overseas, Duty paid?


deanbean

Recommended Posts

I won 2 competitions where delivery was from Italy Met helmet & Bmc team signed jersey from USA.

Jersey was delivered to post office, no charge.

Helmet to Customs where I just had to produce email as proof that I won.

Link to comment
Share on other sites

guys its simple. if its a prize and marked as a prize it is not taxable. unless of course it is in your usual business interests.

i professional gambler will pay tax on his winnings. joe soap who wins the lotto wont.

joe soap who wins the lotto will pay tax - but not as income, as a capital gain
Link to comment
Share on other sites

  • 2 weeks later...

Shot Barry. I'm sure I will. How you handling.

 

All good, mate! Had a fairly chilled day at the shop today. Got my other results back this morning. Bloods are back to normal. Pulse rate is down to 65, so being sick actually made me fit - Hahahahaha! Treated myself to a Nalini shirt at the shop today - not quite as nice as the Assos stuff you got - but it's encouraged me to get back on the bike a bit!

Link to comment
Share on other sites

 

 

All good, mate! Had a fairly chilled day at the shop today. Got my other results back this morning. Bloods are back to normal. Pulse rate is down to 65, so being sick actually made me fit - Hahahahaha! Treated myself to a Nalini shirt at the shop today - not quite as nice as the Assos stuff you got - but it's encouraged me to get back on the bike a bit!

 

ALL GOOD NEWS........and some kit to wear......Awesome!!!!

 

PS: most important part of training (and health) ....... R,R&R

(Rest, Recovery and Recuperation)

Link to comment
Share on other sites

guys its simple. if its a prize and marked as a prize it is not taxable. unless of course it is in your usual business interests.

i professional gambler will pay tax on his winnings. joe soap who wins the lotto wont.

 

Erm, hate to tell you but lotto winnings ARE taxed. There's a 10% inclusion rate, so 10% of your winnings are included in your annual income.

Link to comment
Share on other sites

 

 

All good, mate! Had a fairly chilled day at the shop today. Got my other results back this morning. Bloods are back to normal. Pulse rate is down to 65, so being sick actually made me fit - Hahahahaha! Treated myself to a Nalini shirt at the shop today - not quite as nice as the Assos stuff you got - but it's encouraged me to get back on the bike a bit!

 

Awesome news Tumbles!

Link to comment
Share on other sites

 

All good, mate! Had a fairly chilled day at the shop today. Got my other results back this morning. Bloods are back to normal. Pulse rate is down to 65, so being sick actually made me fit - Hahahahaha! Treated myself to a Nalini shirt at the shop today - not quite as nice as the Assos stuff you got - but it's encouraged me to get back on the bike a bit!

That's great news

Link to comment
Share on other sites

Lucky no duties!

 

A warranty replacement was sent to me at no charge from the brands company headquarters in Denmark, delivered by UPS and arrived with a bill of R600 for import duties, I refused to pay the duties and the brand ended up covering them. Happened again when an item I sent to Eu was turned back at the EU customs, when it re-entered Sa our customs charged me R500 import duties to receive my own personal belongings back, DHL made the stuff up that meant it couldn't be delivered in Eu so I obliged them to cover all the duties, which they did. Both times customs did not want to hear anything, you either pay the duties or the item won't be released, discussion over.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Settings My Forum Content My Followed Content Forum Settings Ad Messages My Ads My Favourites My Saved Alerts My Pay Deals Help Logout