Customs Duties or Import dutyA tax charged on certain goods which are brought into a coun... and taxes will be pending and need to be cleared while importing goods into Cayman Islands whether by a private individual or a commercial entity.
The valuation method is CIF.
Below table provide the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Cayman Islands:
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 102% | 20.5% | No sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... | No Threshold, all imports should pay duty and taxes. |
- Package TaxA fee imposed by a government on personal or corporate incom... = 2.00 to KYD 5.00 per package.
- Environmental TaxA fee imposed by a government on personal or corporate incom... = CIF value up to KYD 12,000.
- Inspection Fee = freight shipments at a rate of KYD 2.00 per 100 lb
For more information on cayman islands please visit Cayman Islands Corporate Other taxes website.