Customs Duties or A 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 Known 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.