How is customs vat calculated

There are three ways in how customs could charge duties, free, rated or specific and ad valorum. Customs could also apply compounded duty, therefore combine rated and ad valorum duty. Ask these question below and find an expert to assist with a comprehensive estimate to avoid selling at a loss:. Have you considered the finance cost of importation? Have you done your homework on the demand in the market to be able to sell at a profit?

Fluctuation in exchange rates another factor to consider? If you need further assistance with import or export, please contact us straight away for a complimentary 15 minute consultation. Independent Review. Specialised Services. Our People. Wealth Management. International Tax. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. However you may visit Cookie Settings to provide a controlled consent.

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These cookies track visitors across websites and collect information to provide customized ads. The cookie also tracks the behavior of the user across the web on sites that have Facebook pixel or Facebook social plugin. Here is an example of an import VAT calculation:. You can perform this calculation automatically using our import duty and VAT calculator. Find more help with your import logistics , original resources , leading-edge training , and assistance with customs licenses on Trade Logistics.

From a friendly Customs expert No obligation. Friendly expert guidance Completely online process. Subject to change. How to calculate import duties Customs can charge import duties in four ways, namely: Free no import duty or tax payable ; Rated or specific; Ad valorum; or Compounded combination of rated and ad valorum The table below provides an example of how each duty works.

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