Are luxury watches cheaper in Hong Kong


Leave the archive and display this page in the standard design: Price level for luxury items in Singapore vs. Hong Kong vs. Germany (Europe)?



I will soon travel to Singapore first and then to Hong Kong.
It's private, so there is enough time to shop for once.
Can someone give me information about the price level in Singapore compared to Hong Kong, compared to Germany (Europe)?
E.g. for jewelry (branded jewelry such as Cartier), Edward Green shoes, articles from Goyard, LV, Audemars Piguet, Rolex ...
If I have only flown on to Hong Kong, it will be too late for Singapore. If the price level in Singapore is then below that of Hong Kong, that would be very annoying. Or does it take anything on the whole?
Many thanks for the help.

In the queue in front of the LV shop in Paris, the Asians line up for 500m. That doesn't mean that you can get the big bargains in Asia.
Many greetings, Marco

In the queue in front of the LV shop in Paris, the Asians line up for 500m. That doesn't mean that you can get the big bargains in Asia.
Many greetings, Marco

It's no different here in Hamburg ... as a rule 40% are Asians, 20% Russians and the rest is spread across the rest of the world ...

My wife was in Hong Kong last year and called at 4:30 a.m. in a shopping frenzy (also LV), she could still talk her out of LV, significantly more expensive than in Germany. The gucci glasses unfortunately not, 100 € paid too much.

Thomas

My experience too.
Most luxury items are noticeably more expensive ... In addition, in the price range quickly above the import-free customs limit.

However: Significantly better availability and a larger selection.

Not worth it, it is usually much more expensive. But eating out is worth it: good:

Hong Kong WAS once perfect for shopping due to the lack of VAT, which is simply not available there. However, due to the overheated real estate market, prices have increased enormously in recent years. Overall, you can still save, but more on sports and leisure clothing (unless you are size XL or larger), with restrictions on entertainment electronics and photo equipment.

You can still buy new watches cheaper than in Germany, but if you import them regularly you are usually better off when you buy them in Germany. With used watches, you can really make a snap, but you should be really familiar with the subject.


edit: Despite everything, HK is usually much cheaper than Singapore.

Thank you so much. That really helps me.

In the queue in front of the LV shop in Paris, the Asians line up for 500m. That doesn't mean that you can get the big bargains in Asia.
Many greetings, Marco

The comparison doesn't quite fit:

The Asians get the 19% VAT refunded!

As a non-European or for someone who has his place of residence outside Germany, it is definitely worth shopping in D.!

To do this, they have to pay taxes back in their home country - and that's how the cat bites its tail.

I don't think I've ever seen anyone pay taxes in Vietnam ...

Incidentally, some Southeast Asian countries are now very keen on luxury items bought abroad! Especially Indonesia and Thailand ...

As already mentioned: HK is cheaper than Sing.
But in the end you buy new goods in Germany, Paris or Milan the cheapest ...
The availability is much better in the Far East (HK, Macau, but also Japan).

Ultimately, it is not worthwhile to pay customs duties.
If you don't clear customs, it can get really expensive very quickly.
... and rightly so in my eyes

Does anyone know how much duty, import sales tax etc. that is?
I couldn't find anything on Zoll.de.
E.g. a watch that includes VAT in Germany. € 20,000 costs how much do I have to add (can I pay at most in Hong Kong) in order to get back to € 20,000 after correct importation?
Calculate 19%, so 18,807 is certainly not enough, because in addition to the 19% import sales tax, there is also customs duty or does this not apply to goods whose origin is in Europe? Like Swiss watches?

Nobody here will know which tax rates apply to luxury watches (along with customs duties, if they exist) in Asia. In the EU there is a unit duty of 80 cents per watch (no matter how expensive it is).

Taxation / non-taxation is one of those things - you look less at the watch on your arm; rather you open the suitcase and find the box, paper, etc. Then the arm becomes interesting ...

Specialists put on the watch and have the box, certificates, etc. sent to them by post (Fedex, DHL, etc.). If this package is opened, the importer has very bad cards if he cannot prove any taxation (EUSt + customs euro) on the watch that goes with it. Consequence: criminal tax proceedings, criminal record, taxes are due, plus late payment surcharges (0.5% per month) and a fine in the amount of the evaded taxes.

I would not do it ...

I think you absolutely misunderstood me.
When I entered the country I wanted to go to customs and say: "I have something to declare!"
But I would like to know beforehand what is in store for me.
How much can a watch bought in Asia cost so that I pay the same price after customs clearance as here in Germany.

Hello, Jens,

19% import sales tax (EUSt) is added to the invoice price from Asia. Then 80 cents unit duty.

Watch price in Asia z. B. € 10k at 20% VAT rate = € 10k at the dealer and get € 2k again with the "tax refund" at the airport.

Then in Germany pay 19% on 10k euros = 9,900 euros and 0.80 euros per unit duty = 9,900.80 euros.

The story is only worthwhile if the "tax refund" there is so high that it overcompensates our EUSt.

Great, thanks, I can count on that!
I didn't know about the 0.80.
On 10k the 19%, not on 8k? I would not have thought that!

Hello, Jens,

19% import sales tax (EUSt) is added to the invoice price from Asia. Then 80 cents unit duty.

Watch price in Asia z. B. € 10k at 20% VAT rate = € 10k at the dealer and get € 2k again with the "tax refund" at the airport.

Then in Germany pay 19% on 10k euros = 9,900 euros and 0.80 euros unit duty = 9,900.80 euros.

The story is only worthwhile if the "tax refund" there is so high that it overcompensates our EUSt.

?????

@ nominator: Hong Kong doesn't have VAT, so you won't get anything back.
The full VAT is rarely returned anyway, since global Blue or similar are usually interposed.

Hello, Jens,

19% import sales tax (EUSt) is added to the invoice price from Asia. Then 80 cents unit duty.

Watch price in Asia z. B. € 10k at 20% VAT rate = € 10k at the dealer and get € 2k again with the "tax refund" at the airport.

Then in Germany pay 19% on 10k euros = 9,900 euros and 0.80 euros per unit duty = 9,900.80 euros.

The story is only worthwhile if the "tax refund" there is so high that it overcompensates our EUSt.

With the "tax refund" you often do not get the full tax back!

Often you only have to make the refund through greedy companies like "Global Blue or" Premier Tax Free "etc, who also keep a few percent for their service :) Usually 30% !! percent of the refund!

Companies like LV let everything run through "Global Blue", while Hermes pays out the refund in full in the boutique (Frankfurt Airport, for example)

To shorten that, just come back from HK and feel free to post photos of the Rolex prices tomorrow. With the currently strong HK dollar, you always pay on top. At LV and Goyard it became "outrageously" uninteresting.

Buying here at the gray is certainly cheaper and you have no problems with reselling due to EU LC

Reselling is actually not a problem. There are many ways in which a non-EU watch has come "legally" to Germany. (e.g. moving goods etc.)

I could imagine that Peter is aiming for an EU-LC to be "more popular" with buyers in this country.

The resale in D of a used watch of Asian origin is otherwise completely uncritical. Unless you run through customs again with a purchase with a box, certificate and freshly polished watch. :)

But have you already read the TS's question? ;)

Hello,
was in Dubai, HongKong, Shanghai and Beijing this year and LV was more expensive than in D.
Regards, Michael

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