Example of Customs Taxes and Fees for Machinery

 For Corn Seeder

Cost of equipment= $750USD

Weight= 240kg

Government/ Customs Taxes and Fees

Charges

USD$

TT$

OPT

151.73

1034.79

Duties

0

0

Import VAT

289.91

1977.18

VAT on Local Handling

0.09

0.63

Freight

147.58

1003.54

Fuel Surcharge

140.98

958.66

Insurance

8.00

54.56

Total

738.29

5029.36

Notably, there are no duties for agricultural equipment. 

Comments

  1. Cilla Pemberton23/3/22 2:16 PM

    Good observations on concessions surrounding agriculture. Hope you are familiar with the Ministry of Agriculture's website. Useful links may be found there. Some you would have already visited.

    ReplyDelete

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