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 Puerto Rico from outside of the EU Either by a private individual or a commercial entity.
The valuation method is FOB.
- The import dutyA tax charged on certain goods which are brought into a coun... payable is calculated exclusively on the value of the imported goods.
- Imports are also subject to IVU.
Below is the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Puerto Rico :
| Duty Rates | Average Duty Rate | Sales Tax(GST) or VAT | Threshold on goods |
|---|---|---|---|
| 0% to 37.5% | 5.63% | ST=12.5% VAT = ST * (CIF + Duty) |
No duty if the productThe result of a manufacturing or natural process (such as fo... value or FOB value (excluding shipping and insurance) cost won’t exceed US$200 |
NOTE
- Some electronic products like laptops can be imported free of duty.
- Puerto Rico does not have customs dutyA tax which must be paid on imported, and sometimes exported... and import tariffA government tax on imported and exported goods. provisions. Since Puerto Rico is a Commonwealth of the United States, it follows the United States’ customs duties and import tariffs.
- Some products like foodstuffs and medicine can be imported free of IVU.
- IVU includes Federal component of 11.5% and a Municipal component of 1%.
- As there is no threshold on IVU, it is payable irrespective of import value.
- The Country has special type of duty i.e. Preferential duty rates : Puerto Rico has signed free trade agreements with a number of countries. To be entitled to preferential tariff treatment, a good must meet the “originating” criteria as set out on the Rules of Origin of individual FTAs. A certificate of origin is required upon importation for preferential duty rates to apply.
Extra taxes and customs fees while importing :
There are certain articles subject to a special excise taxA fee imposed by a government on personal or corporate incom..., such as cigarettes, fuels, crude oils, vehicles, alcoholic beverages, cement, sugar, and plastic products, among others.
Please refer detailed information of excise duty for European counries here
Products on which excise taxA fee imposed by a government on personal or corporate incom... is applicable are cigarettes, fuels, crude oils, vehicles, alcoholic beverages, cement, sugar, and plastic products, among others.