Why shouldn’t you underestimate the products you import from China?
Why shouldn’t you underestimate the products you import from China? https://eal.com.gt/wp-content/uploads/2021/02/Por-que-no-deberia-infravalorar-los-productos-que-importa-desde-china-1024x513.jpg 1024 513 EAL https://secure.gravatar.com/avatar/f3431f7e9ef909cf43d3631e058322f6?s=96&d=mm&r=gWhat happens if the cargo is lost or damaged? The insurance will only pay you for what is declared in the commercial invoice and not for the total real value, then, you will have lost money.
Undervaluing the merchandise means that customs will be constantly monitoring it, and that will always be a delay in the procedures; and if the irregularities continue, you may be fined.
You will pay more taxes on your annual tax return
You had never thought about this, right? Neither do most people. It happens that you are importing a product at a lower price than what you actually paid for. What he bought in Q1,000; He declares it for Q600, then he sells it for Q1,800, right?
In the long run, no business can be maintained with these accounting imbalances.
So if you think that undervaluing the merchandise imported from China and paying less taxes when importing means more sales margin for you, it is recommended that you seek advice from a reliable company that can help you in the best way like us.
