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Gotta catch ’em all: Man under Customs probe for not declaring over $30k of Pokemon cards at airport
(www.straitstimes.com)
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And that’s basically it!
Not that he's not reselling them, but paying a 9% tax for every single item you posses beyond $500 in value every time you cross the border is just absurd. Remind me to never take my laptop, phone, or a decent camera anywhere near Singapore.
All that aside, I thought the idea of customs and import duties was versus new items, not things that can be picked-up at a second-hand store or pawn shop. If he provided itemized receipts, would they even believe him if the prices weren't high-enough? ... or were "too old"?
I got a couple kidneys that are gonna ding me here.
Seriously, though, people regularly travel with luggage and watches and shoes worth more than $500. How are Pokemon cards any different?
It would be if that were the case. What makes you think it is?
Probably the wording in the article that seems to say exactly that?
The term goods isn't specified, but could easily be interpreted to mean absolutely anything they want potentially.
That seems fairly standard with most countries having something similar. From the SG govt website,
I'm guessing this guy fell afoul of the 'commercial purposes' clause.
The word "new" makes this a very different rule.
I see what you're saying, but this is one of those things that the news article author (not the law) probably didn't notice because it just seems like such common knowledge. Used items are considered personal use items and would never be considered for taxing, only new items would be taxable.
Unless, of course, you're carrying 30k worth of pokemon cards.
It's also interesting that the set of cards is considered a single item, unless again the rules as cited are still too arbitrarily worded.
The govt site does not say anything about single items, only the generic term 'goods' is used
i haven't looked closely, but i can see them applying the tax to the sum value of all goods brought in.
Doesn't apply to everything you possess and traveled to and from with, only that which you've bought overseas and brought home
I read the article.
Article could be better written. The govt site is clear it's about new items.
Thus the confusion in my first comment. Governments play at least as fast and loose with their own rules as this dude did, and you're right, its stupid the article doesn't mention it at all.