I bought 100 gram gold bar from China. Can I bring back to US? Should I declare? Pay tax?
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Answers (2)
Answered by Robin
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Jan. 06, 2015 00:39
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Nancy, passengers are allowed to bring no more than 50g gold in or out of China. In your case, you need to get a permit from People's Bank of China first. Then you need to declare your gold when you exit and pay the tax.
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Answered by AD
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Jan. 15, 2015 06:05
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hi Robin, We asked for such a permit, but they didn't understand what we were talking about. Is there a particular name for it? Also, are there additional limits to carry more than 50g if we are leaving the country for good?