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 Montserrat Either by a private individual or a commercial entity.
The valuation method is CIF.
- The import dutyA tax charged on certain goods which are brought into a coun... and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight and the cost of insurance.
- Along with Import dutyA tax charged on certain goods which are brought into a coun..., import goods are also subject to Consumption TaxTax paid which is based on the price of services or goods, e....
Below is the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Montserrat :
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 70% | 17.45% | No Sales TaxKnown as VAT (Value Added Tax) in the UK. A tax based on the... | No threshold |
Note
- Customs dutyA tax which must be paid on imported, and sometimes exported... is levied on goods based on the cost, insurance, and freight (CIF) values and rates determined by the Caribbean Community (CARICOM) Common External TariffA government tax on imported and exported goods..
Extra taxes and customs fees while importing
Consumption TaxTax paid which is based on the price of services or goods, e... applies at different range of 5% to 15%.