Barbados Customs Import and Export Duties

Barbados imposes a variety of taxes on imported and exported goods, including customs duties, value-added tax and excise duties.

1.Customs duties

A tariff is a tax levied on the value of the imported goods. Barbados' customs duty rates are based on the Common External Tariff (CET) of the Caribbean Community (CARICOM). CET rates vary from commodity to commodity, ranging from 0% to 40%.
Some special goods, such as alcoholic beverages, tobacco, fuel products, jewellery, watches and clocks, and motor vehicles, are subject to higher protective tariffs.

2.Value-added tax

Value-added tax (VAT) is a broad tax levied on goods and services sold in Barbados. The VAT rate is 17.5%.
The following are some of the goods that are exempt from VAT:
Basic foods,Baby products,Medications,Educational supplies,Agricultural inputs

3.Excise duties

Excise duties are additional taxes levied on certain specific goods. These goods include:
Alcoholic beverages,Tobacco,Fuel products Excise duty rates vary from commodity to commodity.

4.Threshold

Barbados has no duty-free allowance on the value of imported goods. This means that all imported goods, regardless of value, must pay customs duty and VAT.

5.Other fees

In addition to customs duty, VAT and excise duties, importers may also be required to pay the following fees:
Sea freight,Port fees,Inspection fees,Agent fees