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 Bermuda whether by a private individual or a commercial entity.
The valuation method is FOB.
Below table provide the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Bermuda:
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 150% | 16.39% | NA | No threshold |
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Wharfage Fee = 1.25% (FOB)