How Much Is Import Tax When You Ship a Car to Bangladesh – What are the Custom Duty Rates?
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Shipping a car to Bangladesh is best done through a professional transport company in the U.S. Although the taxes for import are usually high and the cost of shipping must be paid, the total cost is much less than any alternative option. Shipping services are known to be cost effective and worth every penny.
Before you ship a car to Bangladesh, you should figure out how much it will cost you. Contact several transport companies about their services and receive a few quotes. After comparing each transporter, hire the one you feel is best suited for the job. Then, contact the Embassy of Bangladesh and ask about the auto import policy and taxes associated with the vehicle’s entry into the country.
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Information on Bangladesh Custom Duty Rates.
What you pay out in import taxes is subject to change at any time. However, for a private car with an engine size of 1500cc to enter Bangladesh you can expect to pay around 25% for duties and a 15% VAT. Other taxes that may apply include a supplemental duty, an advance income tax, and a regular duty.
It is always wise to consult with your auto transport company and the embassy about the taxes that must be paid before the transport. Pay these taxes before the shipping process is to begin and make sure that you save the receipt. You will need to provide this proof to Customs to gain import approval.
Bangladesh Vehicle Import Regulations.
- Only diplomats and privileged individuals receive duty free import
- All vehicles must be younger than 6 years old
- You must be able to provide Customs with proof of the chassis number, age of the vehicle, and the model number.