Expat Community > Panama

BajaKerry
Joined 2019
Posts: 73

Customs Duties on Packages

4 years ago

I sent an email to FastboxPty with this question, but they have not responded. So I will try here.

I used FastboxPty to receive a couple of packages when I was in Panama for some small electronic items a client sent to me from the US. The items had no market value (they engineering units).

So it seems there was no customs processing.

I am wondering about how this delivery system would function if I purchased something of more value, say a guitar at a price of $3500, and had it sent to Miami for forwarding to Panama.

Would something like that normally go through customs processing, such that there would be duties and taxes applied, or do you have to handle higher value items through a standard customs broker, not a mail forwarding service?

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SJB Global

SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
Learn More