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 Turks and Caicos Either by a private individual or a commercial entity.
The valuation method is FOB.
- The productThe result of a manufacturing or natural process (such as fo... value excluding the cost of shipping and insurance.
Below is the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Turks and Caicos :
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 50% | 27.47% | No Sales TaxKnown as VAT (Value Added Tax) in the UK. A tax based on the... | No minimum threshold(All the goods are duty and taxes payable irrespective of import value) |
Extra taxes and customs fees while importing:
Customs Processing Fee applies to all imports at a rate of 7.5% of the FOB value.