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  • Motor Vehicle Tax Calculatorforimportation

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    shan singh
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    This document contains two matrices that outline the estimated duties and taxes to be paid on importing motor vehicles into the country. The first matrix is for vehicles under 4 years old, and lists customs duty, excise, and VAT rates based on the vehicle's cubic capacity (CC) and import value. The second matrix provides the same information for vehicles over 4 years old. No excise or VAT would be owed on vehicles valued at $0, but customs duty and excise taxes increase based on the vehicle's age, CC, and import value.

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    MotorVehicleTaxCalculatorforimportation (1).xls

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    This document contains two matrices that outline the estimated duties and taxes to be paid on importing motor vehicles into the country. The first matrix is for vehicles under 4 years old, and lists customs duty, excise, and VAT rates based on the vehicle's cubic capacity (CC) and import value. The second matrix provides the same information for vehicles over 4 years old. No excise or VAT would be owed on vehicles valued at $0, but customs duty and excise taxes increase based on the vehicle's age, CC, and import value.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    12 views4 pages

    Motor Vehicle Tax Calculatorforimportation

    Uploaded by

    shan singh
    This document contains two matrices that outline the estimated duties and taxes to be paid on importing motor vehicles into the country. The first matrix is for vehicles under 4 years old, and lists customs duty, excise, and VAT rates based on the vehicle's cubic capacity (CC) and import value. The second matrix provides the same information for vehicles over 4 years old. No excise or VAT would be owed on vehicles valued at $0, but customs duty and excise taxes increase based on the vehicle's age, CC, and import value.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xls, pdf, or txt
    of 4

    ESTIMATED APPLICABLE DUTIES AND TAXES TO BE PAID ON IMPORTATION

    Matrix of Motor vehicle under 4 years old and Applicable Taxes


    CIF US CC Customs Duty Excise VAT Customs Duty Payable
    $0 0-1500 45% 0% 14% $0
    $0 1501-1800 45% 10% 14% $0
    $0 1801-2000 45% 10% 14% $0
    $0 2001-3000 45% 110% 14% $0
    $0 over 3000 45% 140% 14% $0

    * AMOUNTS DISPLAYED ARE CALCULATED IN US DOLLARS


    BE PAID ON IMPORTATION

    Excise Tax Payable VAT Payable Total Taxes Payable


    $0 $0 $0
    $0 $0 $0
    $0 $0 $0
    $0 $0 $0
    $0 $0 $0
    ESTIMATED APPLICABLE DUTIES AND TAXES TO BE P

    Matrix of Motor Vehicles over 4 years old and Applicable Taxes


    CIF US CC Customs Duty Excise VAT Customs Duty Payable
    $0 0-1000 10% $4,200 0% $420
    $0 1001-1500 10% $4,300 0% $430
    $0 1501-1800 30% $6,000 0% $1,800
    $0 1801-2000 30% $6,500 0% $1,950
    $0 2001-3000 70% $13,500 0% $9,450
    $0 over 3000 100% $14,500 0% $14,500

    * AMOUNTS DISPLAYED ARE CALCULATED IN US DOLLARS


    PLICABLE DUTIES AND TAXES TO BE PAID ON IMPORTATION

    Excise Tax Payable VAT Payable Total Taxes Payable


    $4,200 - $4,620
    $4,300 - $4,730
    $6,000 - $7,800
    $6,500 - $8,450
    $13,500 - $22,950
    $14,500 - $29,000

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