Lots are subject to 5% import Duty on the importation value (low estimate) levied at the time of collection shipment within UAE. For UAE buyers, please note that duty is paid at origin (Dubai) and not in the importing country. As such, duty paid in Dubai is treated as final duty payment. It is the buyer's responsibility to ascertain and pay all taxes due.
Prospective purchasers are advised that several countries prohibit the importation of property containing materials from endangered species, including but not limited to coral, ivory and tortoiseshell. Accordingly, prospective purchasers should familiarize themselves with relevant customs regulations prior to bidding if they intend to import this lot into another country.
Please note that on 1st of January 2018, the UAE introduced a VAT regime.
For all lots, a VAT charge of 5% of the buyer’s premium will be payable unless the lot is correctly exported out of the UAE within 90 days of the date of this auction. For lots marked with the ‘star’ * symbol in the catalogue, an import duty of 5% of the hammer price will be payable if the lot is collected or shipped within the GCC and an additional VAT of 5% will be charged on the duty-inclusive hammer price if the lot is released into free circulation in the UAE. Please see the Conditions of Sale in the sale catalogue for full details.
If you are shipping outside of the UAE, you will need to indicate your shipping requirements and residency status to us prior to bidding to secure a VAT refund.