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 Azores whether by a private individual or a commercial entity. Azores belongs to EU custom union, so it uses EU tariffA government tax on imported and exported goods. structure.
The valuation method is CIF.
Below table provide the Duty and Sales taxKnown as VAT (Value Added Tax) in the UK. A tax based on the... for Azores:
| Duty Rates | Average Duty | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 17% | 7% | VAT=18%, VAT= VAT%(CIF + duty + excise) | Duty and VAT is not charged if FOB is less than €150 and €22, respectively. |
For alcohol and tobacco Excise Duty will be applicable
