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 Canary whether by a private individual or a commercial entity.
I.G.I.C. (IMPUESTO GENERAL INDIRECTO CANARIO) is an indirect general taxA fee imposed by a government on personal or corporate incom... specific to theCanary islandsit was created by law Ley (20/1991) in 1991 but actually came into force in 1993.
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 Canary:
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 17% (Some electronic goods are duty free) | 0% | IGIC=7% (CIF + import dutyA tax charged on certain goods which are brought into a coun...) | Duty and VAT are waved off if FOB value is €150 and €22. |
- AIEM is a taxA fee imposed by a government on personal or corporate incom... will be charged on products at rates of 5%, 15%, or 25%.
For more information about Canary please visit Canarian Weekely website.