Import Tax




Import Tax

Dragon Fine Art has been appointed by PHOTOFAIRS | Shanghai as the official agent for transport, customs clearance and on-site handling for the coming Fair.

The below is a brief overview of the Tax and Shipping rules in China, for your further understanding. Full contacts and shipping details will be provided to all exhibitors in the Import & Export Guide, sent to each confirmed gallery in late April, 2017. All shipping questions can be resolved directly with Dragon Fine Art.

Temporary Import Fees
PHOTOFAIRS | Shanghai will take place in the Shanghai Exhibition Center (herein as SEC) with an official exhibition license issued to WPO by the Chinese cultural authorities. All shipments to the SEC will be imported on a temporary basis.

In support of PHOTOFAIRS | Shanghai, Dragon Fine Art will work directly with customs to recognise the SEC as a ‘bonded area.’ This will exempt exhibitors from the customs deposit required on all temporarily imported cargo.

Please note that import tax and duty (approximately 26% of the total value of sold works: 7.5% for import tax / 17% for VAT,) shall still be levied, should these goods stay permanently in China.

Sold and Return
If an artwork is sold by an international gallery during the exhibition period, it shall remain in the halls of the SEC until show close and then be transported to the customs bonded warehouse by Dragon Fine Art to apply for a permanent import license, on behalf of the exhibitor. When the license is ready, customs clearance will be commenced and import tax and duty will be levied by the Chinese Customs before the sold artwork can be finally released to the client.

VERY IMPORTANT: Under NO circumstances may any temporarily imported cargo be removed from the halls of the SEC without completing the relevant customs formalities with Dragon Fine Art.

Shipping and Handling
Please be reminded that all exhibition cargo bound for PHOTOFAIRS | Shanghai shall be customs cleared by Dragon Fine Art under the official exhibition license. We strongly suggest the exhibitors do not arrange their own freight forwarding, as exhibitors may be subject to penalties from the Chinese customs authorities. Any exhibition cargo that arrives directly at the SEC will be handed over to Dragon Fine Art for on-site operation.

To help the exhibitors save on shipping costs, Dragon Fine Art will set up various consolidation points both in Europe and US. Exhibitors are encouraged to join consolidated shipments. Details of consolidation points and shipping deadlines will be issued in the Exhibitor Manual.

 

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