Grenada – Customs and Import duty tax calculation method

Posted on customs dutyfreePosted in Customs Duty Calculator

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 Grenada 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 Grenada:

Duty Rates Average Duty Rate Sales Tax(GST) Threshold on goods
0% to 70% 17.45% VAT=15%, VAT=VAT%(CIF + duty + other taxes) No threshold
  • Environmental Levy = 1% to 30% on some products.
  • Customs Service Charge = 5% (CIF).
  • Excise taxA fee imposed by a government on personal or corporate incom... applies on tobacco and alcohol products.
  • Petrol TaxA fee imposed by a government on personal or corporate incom... will be applied on fuels.