Motor Vehicle Tax is normally payable at the following rates:

* engine size not exceeding 1599 cc Free
* engine size exceeding 1599 cc but not exceeding 1799 cc ? $ 4.00 per cc
* engine size exceeding 1799 cc but not exceeding 1999 cc ? $ 8.00 per cc
* engine size exceeding 1999 cc but not exceeding 2499 cc ? $21.00 per cc
* engine size exceeding 2499 cc but not exceeding 2999 cc ? $25.00 per cc
* engine size exceeding 2999 cc but not exceeding 3499 cc ? $30.00 per cc
* engine size exceeding 3499 cc ? $45.00 per cc

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Value Added Tax is payable at a rate of 15%. It is calculated in the following manner:

15% of the C.I.F. Value + Customs Duty = VAT Payable

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Customs duty is normally payable at the following rates:

* Vehicles with an engine size not exceeding 1599 cubic capacity (cc)- 20%
* Vehicles with an engine size exceeding 1599 cc but not exceeding 2000 cc - 25%
* Vehicles with an engine size exceeding 2000 cc - 30%

Customs duty is based on the Cost, Insurance and Freight (C.I.F.) Value of the Vehicle.


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I believe several members were asking for these figures. Please sticky this mods, it's important and stuff.

thanx, and done..wait i can't sticky in here

Dont forget to include that you actually pay 75% of the calculated MVT.

For example......

a 1.8 Litre car pays 75% of $4.00 a cc for 1800cc

$4 a cc for 1800cc is $7200

75% of $7200 is $5400


Now.........add the MVT to the landed cost of the car in the port.

Good.....

Now calculate 35% of that value(MVT+landed cost). This is the duty payable.........

Good......

Now add that to the landed cost and MVT.

Good......

Now calculate 15% to that value(MVT+landed cost+Duty). This is VAT.........

Good.......

Now add that to the Landed cost, MVT and Duty.

Good.......

now add a few hundred for registration, weighing, plates and gas.

AND....you have what you pay for your car.

Now you see why 2litre and above is a killer!!!

this is ting we need to know....leh meh sticky it fuh a lil while!

_________________
Trying to be the very best that I can be!! Supernaturally.

Sober since 9/12/2010

Teana JK stuff For Sale

Good show uncle!!!

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The third mechanic finished and walks straight for the door, shouting over his shoulder: "At Toyota, we don't pee on our hands."

thanx vega, and sean and rando

Firstly excellent post wolfie and sean....

now look at this
HOW THE FACK can they Charge VAT on THE MVT & DUTY that is TAX ON TAX

What is the explanation for this ?

Extreme rubbish...VAT should only be applied to the Landed cost with MVT and Duty added on...


What the foreign used association doing about this..?

_________________
"2Pac."

that's what wolfie said...


that's sean

which is correct as wolfie did not mention MVT being subject to VAT

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"2Pac."

That's what i got word for word from an official document.

as per earlier post i found it was strange to vat a tax...

this makes a bit more sense..but ah still doh like how the applying VAT to The CUSTOMS DUTY

thx man...peace

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"2Pac."

robbers and them........

Well when i calculated what my landed cost was against the japanese invoice...it worked with that calculation for me.

Also..if yuh ever use a skybox or imported electronics.....you'll see that VAT is charged on CIF cost plus duty.

I always use that calulation when biringing in stuff........always thought it was a pack of crap....

_________________
The third mechanic finished and walks straight for the door, shouting over his shoulder: "At Toyota, we don't pee on our hands."

HMMM Good stuff dude, thanks a lot!!!! Now I don't have to call ministry to find out.

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Greddy
Mallory Ignition
K&N
Turbo Smart
NGK

correct

Guys i have a question. Why does this information differ so much from the info found on the follow site:

http://www.asianstarmotors.com/taxes.html

Does anyone know which one is correct?

That info sounds correct....i had incorrectly put 25% duty when for a 1.8 it was suppsoed to be 35% duty,

But Asianstar has it correct.

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The third mechanic finished and walks straight for the door, shouting over his shoulder: "At Toyota, we don't pee on our hands."

even the CC rating sean? You have for a 1800cc its 75% X $4/per cc whereas asianstar has it at 75% X $8/per cc...

Yeah...well actually they use the actual size of the engine. So my engine is 1794 cc according to the documents from Japan. Its termed a 1.8 just to round it out. It helps if you find out the exact displacement of the engine. So my "1.8" would be in the $4 a cc bracket.

Now here's something interesting. The usuall qg18de in the primera 1.8 is 1769 cc, thus $4 a cc in MVT. However the sr18de is 1838cc.....putting it in the $8 a cc range. Big difference.

But more than often a 1.6 is actually a lil less than 1600cc and a 1.8 is a lil less than 1800cc and so on.

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The third mechanic finished and walks straight for the door, shouting over his shoulder: "At Toyota, we don't pee on our hands."

For motorcycles $100 per cc for licencing. I'm not sure what the duties are like on the bike itself. At the very least, its VAT.

_________________
"Avoid loud and aggressive persons, they are vexatious to the spirit;

_________________
The Speed Lifestyle magazine in the Islands, ZORCE

this is a good post mayn

look at wat the government makes on this shyt

just spoke to someone at a roro place and he gave me a simpler way to calculate the cost for a 2l vehicle. It's probably the same thing some of u all said in a wordier way. Got almost the same figure:

(FOB cost in yen /110) gets to US

+US$1400 for freight

x6.3 to get to TT$

x1.35 for duties

x1.15 for VAT

+TT$12000 for MVT

yeah he sues these figues so he could add money to d damn car
take it from me those figs wrong

_________________
"Death is the best motivator" Steve Jobs.

But those figures looking right to me......except the frieght look kinda high.....but everything else looks correct.

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The third mechanic finished and walks straight for the door, shouting over his shoulder: "At Toyota, we don't pee on our hands."

yer..i think those figs right..ent??

amm
insurance high
conversion wrong
mvt lookin kinda right

_________________
"Death is the best motivator" Steve Jobs.

U sure it's not $1 per cc?

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so guys help me out here.
let's say tha FOB of the car is 2,000,000 JPY
how much will it cost to put it on the road?

you'd need to give the engine size as well

the engine size is 1.3l