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 Turks and Caicos Either by a private individual or a commercial entity.
The valuation method is FOB.
- The The result of a manufacturing or natural process (such as fo... value excluding the cost of shipping and insurance.
Below is the Duty and Known as VAT (Value Added Tax) in the UK. A tax based on the... for Turks and Caicos :
|Duty Rates||Average Duty Rate||Sales Tax(GST)||Threshold on goods|
|0% to 50%||27.47%||No Known as VAT (Value Added Tax) in the UK. A tax based on the...||No minimum threshold(All the goods are duty and taxes payable irrespective of import value)|
Extra taxes and customs fees while importing:
Customs Processing Fee applies to all imports at a rate of 7.5% of the FOB value.