What is Duty Free? Things You Should Know
May 13, 2023
If you have ever traveled abroad, you may have seen Duty Free stores presented at international airport gates. So, what is Duty Free?
Duty Free Shop is a store that sells high-value items such as perfumes, bags, watches, etc. They are not subject to taxes such as excise tax, value added tax, or other taxes. And is exempt from import tax if it is an imported product.
Duty Free Shop is usually only available at international airports because of specific regulations such as: must present a passport when shopping, limit the quantity according to law and must write the name of the product in the passport....
Duty refers to the taxes and customs fees imposed on certain goods when they are imported or exported between countries. These charges are typically levied by governments to generate revenue and regulate the flow of goods.
The items on which you may need to pay duty can vary depending on the country and its specific regulations. However, some common categories include alcohol, tobacco, perfumes, cosmetics, electronics and gadgets.
Duty-free shopping refers to the purchase of goods that are exempt from certain taxes and customs duties typically imposed on imported items.
Come to Las Vegas Sun Hotel & Casino, do some savvy shopping and bring home remarkable presents for your loved ones or yourself.