I would like to participate in a giveaway a certain US-based company is doing right now. They are randomly selecting two recipients for a high-end (about USD 1200 in value) consumer-grade electronics product.
Now, I am living in Germany. Luckily, they have made it explicit that they will ship worldwide. Still I am unsure about any monetary risks I might face in the event that I win, e.g. import taxes and customs duties.
Would there likely be any taxes, customs duties or other payments required even though the actual product, albeit being of relatively high value, would be sent to me for free? How much would they be?