The declared amount is printed on the merchant's invoice. It is your proposal of how the content of your parcel is worth.
- It is used as the basis for taxation. If you declare $100 at a 20% tax rate, you will be charged $20 VAT.
- On top of value added taxes you might be charged toll fees, but usually that's only >$500, so rarely applicable.
- The customs officers don't have to take your word for it. They can open the parcel and tell you how much it's worth.
- This whole thing really depends on your country
added: 6/26/2023
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What is the declared amount?
what does declaring your order do when shipping do?
why should I declare a value?