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 Venezuela 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.
Below is the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Venezuela :
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 40% | 16.95% | ST=8% to 12% VAT = ST * (CIF + Duty) |
No Duty and VAT if productThe result of a manufacturing or natural process (such as fo... value(excluding shipping and insurance) is less than or equal to US$100 |
NOTE
- Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... is applied on the sum of the CIF value and duty.
- Some goods like books are exempt from VAT.
- Customs dutyA tax which must be paid on imported, and sometimes exported... rates generally range from 5% to 35%. The duty rates vary depending on the productThe result of a manufacturing or natural process (such as fo... involved. In general, import tariffs are 5% for capitalThe net worth of a business, including assets, cash, propert... goods, 10% to 15% for raw materials and intermediate goods, and 15% to 35% for finished products. In addition, all imports are subject to customs handling charge, a duty import, and VAT.
Extra taxes and customs fees while importing
No other charges.