VAT & TAX
Ethereum Group may sometimes charges duties and taxes estimations during checking based on countries VAT regulations.
When Ethereum Group ships products outside of Bahrain, we will collect VAT or TAX after you authorize us to do so. Those payments will go directly to a carrier or export agent to pay those fees on your behalf for the companies that collect this payment in advance.. Which will be paid eventually to the authorize authorities. Any VAT or TAX payment is the responsibility of the importer and is levied based on the laws of the country into which the products are being shipped to.
The Estimated VAT/TAX is an estimation of the taxes and duties that may apply and isn’t an actual calculation. Customs regulations and tax rates applicable to certain goods may change between the date the taxes and duties were estimated and the applicable taxes and duties on the date of import into the destination country. The duty or tax rate is often determined by the classification of a good, which varies by country and region.
If we don’t collect VAT/TAX in advance while shipping to countries outside in Bahrain, the shipping companies will collect the amount from the customer.
This is some of the charges in some of the countries:-
Bahrain:
VAT = 10%
Saudi Arabia:
VAT = 10%
TAX exempted product = 0%
Tax on products = 5% – 15% (only applicable for high Value shipments) above 1000 Riyals. It’s also depending on product type. You can find thecalculation by clicking here.
Custom deceleration issuance for high value shipments: 20 Riyals
UAE:
VAT = 5%
TAX exempted product = 0%
Tax on products = 5% – 15%
This is an example for some countries, and calculation might change depending on countries regulations.
Ethereum Group is not responsible to pay any extra fees/VAT/TAX for any customer as regulations are well-known for each country.