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 Barbados whether by a private individual or a commercial entity.
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 Barbados:
Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
---|---|---|---|
0% to 70% | 17.45% | 17.5% (CIF value + duty + Excise Duty + Environmental Levy) | No threshold |
- For alcohol and tobacco Excise Duty will applicable on quantity base.
- Entry Processing Fee will be charged at flat rate of BBD10 per import.
- Environmental Levy will be charged if applicable.