Calculations for the Importation of Motor Vehicles Four Years & Older

The following serves as a guide for persons importing motor vehicles  FOUR YEARS & OLDER (from the date of manufacture to the date of importation).

Additionally, the following examples are based on a manufacture year of 2011 and a CIF Value of US$4,000:

Year: 2011
Estimated:  Cost, Insurance  Freight (CIF) Value: US$4,000.00 or G$834,000
Current Exchange Rate: 208.50

Each category (1000cc up to 1500cc) has a standard Excise Tax Rate and Standard duty. NO VAT is charged on motor vehicles four years and older.

 

CATEGORY OF VEHICLES (CC)DUTIESEXCISE TAXVALUE ADDED TAX (VAT)FORMULA
Vehicles NOT exceeding 1000cc10%US$4,2000%

Excise Tax - US$4,200
Customs Duties – 10%
((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$4,200) * 10%) + US$4,200

((US$8,200) *10%) + US$4,200

((US$820) + US$4,200

Total taxes payable= US$5,020 or G$1,046,670

     
Vehicles exceeding 1000cc up to 1500cc10%US$4,3000%

((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$4,300) * 10%) + US$4,300

((US$8,300) *10%) + US$4,200

((US$830) + US$4,200

Total taxes payable= US$5,030 or G$1,048,755

     
Vehicles exceeding 1500cc up to 1800cc30%US$6,0000%

((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$6,000) * 30%) + US$6,000

((US$10,000) *30%) + US$6,000

((US$3000) + US$6,000

Total taxes payable= US$9,000 or G$1,876,500

     
Vehicles exceeding 1800cc up to 2000cc30%US$6,5000%

((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$6,500) * 30%) + US$6,500

((US$10,500) *30%) + US$6,500

((US$3,150) + US$6,500

Total taxes payable= US$9,650 or G$2,012,025

     
Vehicles exceeding 2000cc up to 3000cc70%US$13,5000%

((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$13,500) * 70%) + US$13,500

((US$17,500) *70%) + US$13,500

((US$12,250) + US$13,500

Total taxes payable= US$25,750 or G$5,368,875

     
Vehicles exceeding 3000cc100%US$14,5000%

((CIF + Excise Tax) * Duties ) + Excise Tax)

(US$4,000 + US$14,500) * 100%) + US$14,500

((US$18,500) *100%) + US$14,500

((US$18,500) + US$14,500

Total taxes payable= US$33,000 or G$6,880,500