The Customs or Import dutyA tax charged on certain goods which are brought into a coun... for Clock – electric with mechanical display to Colombia is classified under Jewelry & Watches(cdf categories).
The HSCODE applied for Clock – electric with mechanical display is 71-13-11-0-0
The taxA fee imposed by a government on personal or corporate incom... is applied on the total sum of item cost, insurance cost and shipment cost.
The custom/import taxes are:
General duty is 15%
The average VAT rate applicable in Colombia is 0.19 or 0.05
Note: If the special tariffA government tax on imported and exported goods. rate is NULL then general duty is applicable.
The other taxes applicable are:
Consumption taxTax paid which is based on the price of services or goods, e...
Excsie duty
To know more information on which tariff rate is applicable from the country you are importing to, look here
To get the accurate amount, calculate here
Calculation method:
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 Colombia 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 Colombia:
| Duty Rates | Average Duty Rate | Sales Tax(GST) | Threshold on goods |
|---|---|---|---|
| 0% to 35% (Some electronic goods are duty free) | 11.31% | VAT=16% VAT=VAT%(CIF + Excise + any duty) | Duty is not exempted but VAT is exempted id FOB is less than US$200 |
- Alcohol and tobacco products are subjected to excise duty at 20% and 55% (CIF + duty)
- Consumption taxes in corporate
- Mobile phone services at 4%.
- Certain vehicles, aircraft, and other goods at 8% or at 16%.
- Restaurant and cafeteria services at 8%.
A national consumption taxTax paid which is based on the price of services or goods, e... is levied against the following select services and goods:
For more information on other taxes and duties please refer Corporate taxes website.
Prohibited Items:
- Imitation (replica) firearms, weapons, explosive devices or ammunition
Other related items:
Gold jewellery necklaces and chains
Necklace with diamonds and precious stones
Diamond jewellery pendants,rings,necklaces,ear-rings,gold coins
Platinum jewellery necklaces & chains ,bands
Silver jewellery – bangles,rings with gemstones,rings,cufflinks
Clocks electric with mechanical display
Clock – electric with mechanical display
Sports watches,analog watches,mens and womens watches
Wrist watch,Digital watches,smart watches,fitness tracker,heart rate monitors,etc
Precious and semi-precious stones