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What are customs duties?

Duties consists of different taxes including but not limited to import duty and import vat.

Import duties are a trade barrier tool for countries to protect their internal market. Simplified this means that if local production exists of a certain product, the import of a similar product is subject to import duties with a tariff of >0%. If no or limited production exists of a certain product, the import of a similar product is subject to import duties with a tariff of 0%. Import duty amount is calculated as % of the customs value of the goods.

Import VAT is a domestic consumption tax which must be paid upon importation. Exemptions of import VAT could apply.

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