Customs Duties

When redeeming NFTs and shipping the corresponding physical assets internationally, customs and tax obligations may apply.

Redeemed Assets Are Treated as Commercial Goods

• When an NFT is Burned and the physical item shipped, it is treated as a commercial good

• Subject to import duties or taxes depending on the destination country's regulations

• Tax thresholds vary by country

Holos Provides Transparent Documentation

• Invoices include item description and appraised value

• Users are notified in advance of possible customs fees

• Holos provides customs guidance and support through FAQs

This ensures smoother customs clearance.

Customs and Duties Are the User’s Responsibility

• Holos does not prepay or cover import duties or fees

• Users are billed directly by local customs authorities

• Costs are disclosed before confirming redemption

Users are advised to check with local regulations when redeeming high-value items.

Restrictions in Certain Countries

• Some countries may restrict the import of trading cards or specific items

• Holos notifies users in advance of ineligible destinations

• In such cases, users are encouraged to retain or sell the NFT instead of redeeming it