Trinidad & Tobago MVT, VAT, CD and Transfer Fees

[bhishamseenath]

HOW MUCH WILL IT COST TO LICENSE A 2009 NISSAN TEANA 250XL WITH A 2500CC ENGINE

[Sarekha]

Hey,

I need some assistance to calculate this because its confusing me.....lol

If I am importing a vehicle with a 2L engine..... and its FOB cost is USD$1299

How much is the approximate TT figure I'm looking at on the road?
Thanks

[RollaCoaster]

anybody here looking at importing a CNG vehicle?

[youthofislam]

Anyone knows what is the law about importing USA Foreign Used vehicles that are Left Hand Drive?
One person tell me only if you are a returning National; If not you can't! True ?

[xtech]

Requirements for importing used LHD vehicles into Trinidad and Tobago

In Trinidad and Tobago, Importation of LHD vehicles are banned except for returning nationals who were resident in a foreign country and are importing a vehicle for personal use also LHD vehicles are allowed to be imported for use as funeral hearses, airport taxi and visiting groups or circus.

Returning Residents

1. The applicant must have resided abroad for a continuous
period of not less than two (2) years immediately prior to
the date of return.
2. The applicant must own the vehicle and have same
registered in his/her name prior to the date of arrival in
Trinidad and Tobago.
3. The applicant must intend to reside permanently in
Trinidad and Tobago.
4. Applicants who lost their status as citizens of Trinidad and
Tobago must apply for restoration of citizenship. This
application is made to the Ministry of National Security.
5. The vehicle must be intended for personal use.
6. The applicant must import the vehicle within six (6) months
prior to or after his return.

Requirements for importing used RHD Gasoline Petrol vehicles in Trinidad and Tobago

A used Right Hand drive vehicle cannot be imported into Trinidad and Tobago without an Import Permit.

Brand New Diesel or Petrol (Gasoline) vehicles may be imported without any license.

Import of used diesel vehicle is strictly regulated and only a corporation may apply for an import license for import of used diesel vehicle.

Individuals

For individuals, simply fill out the Import Licence form as soon as you can and submit to the Trade Licence Unit. Note: You will need to know the (if any) refrigerant gasses and the fire extinguisher's chemical when applying. Once you fill in the application and make two copies, they will ask you For your ID. You will then be given the original and copies stamped which you will need later to receive your Import Licence. You may be asked to come to an interview before they will give you a license.
Once you have your import license, take it along with the other Required Documents to the Customs and Excise Office. Submit your four (4) copies of C82 Form (Customs Declaration Form) with the supporting documents to the Customs Officer for review. The officer will sign a copy of the C82 Form and give you an Assessment on how much duty and taxes you must pay. At this time they will return all your documents.
Take the Assessment and C82 Forms to the Customs' Cashier and pay your dues. You will be given a receipt which you must present when clearing the vehicle(s) along with the other documents you have used at the Import/Export Station. Once cleared, you can being the registration process as normal which includes passing road-worthiness tests.

Commercial and Retail importer

Commercial Importers must register with the Ministry of Trade and Industry as "Importer of used RHD motor vehicles for Retail Trade". You cannot import more than 1 vehicle in three years without registering as a Importer for Retail Trade.
To register, bring documents mentioned in Required Documents. Additionally, there are other requirements:
Importer must enter into a standardized Sales Contract with the buyer which will include the following:
Posting of a Bond with a Financial Agency in the sum of TT $250,000. The Bond must be renewed annually and be maintained at the level of TT $250,000.
A Standardized Warranty
An undertaking to source and supply the required replacement parts within the warranty period
Physical Requirements
Office area with office equipment including Computer
Waiting area with accommodation
Showroom (storage area)
Garage facilities or evidence of a Joint Venture Agreement to provide the service
Minimum requirement for Garage (Owned or Joint Venture) · Hoist, lift or ramp, tools, buffing equipment, mechanic
Staff
Also, make sure each vehicle imported passes qualifications mentioned in which vehicles you can import.
Once you are registered as an Importer for Retail Trade, you can proceed to import as for Individuals. Note, you may have to hire a Customs Broker to fill out required documentation for commercial goods




Which Vehicles you can import into Trinidad and Tobago

Individuals can import 1 vehicle every 3 years.
Individuals must personally do everything without assistance from a Register Dealer.
Vehicle cannot be more than 6 years old.
An individual or a dealer is not allowed to import a used diesel vehicle. New diesel vehicle may be imported without any restriction
Must have De-registration Certificate.
De-registration Certificate must have Engine and Chassis numbers, manufacturing date and correct mileage of the imported vehicle
Must be structurally sound and meet environment standards.
Must have Ozone-Friendly AC.
Vehicle with prior registration must be roadworthy
When selling imported vehicles, dealers must put in government specified minimum Terms and Conditions into written sales agreement
Used Right Hand Drive Vehicles cannot be imported without an import license. New diesel and petrol (Gasoline) vehicles can be imported without an import license


Application Forms require the following information:

1.Name and Address of Importer
2.Name and Address of Supplier
3.Detailed description and cost of items
4.Country of origin/shipment
5.End use of items imported
6.Signature Applicant must produce some form of Identification:
(a) Imports for personal use - T&T Passport, D.P., I.D.
(b) Imports for trade – Original Board of Inland Revenue Advice of Assignment of File Number

A stamped copy of the application form will be returned to the applicant to be presented for collection of the prepared licence. Import Licences will be ready for collection within seven (7) working days of lodging applications.

[G20]

Anyone knows if these charge calculations have changed sine then ?

[shake d livin wake d dead]

how much would it cost to transfer a vehicle that was registered in 2005.

[Ruff]

What is the duty and mvt on 1400-1500cc cars?

[Rooki3]

^ x2

[Ruff]

Less than 1600cc
25% Duty
$3.75 per cc MVT

[konartis]

be aware that the customs may mark up the value for a car when u import it yourself, they mark it up at-least 500.US sometimes because of the value you might have gotten in japan, although you have the invoice showing what u paid for the car there...

[trinirascal]

Hi there, I am checking here in 2013 and wanted some updated info for importing from Japan....
Vehicle is a 2400cc engine costing 12100 US CIF.
What are gonna be the charges associated after bringing it here...clearing/VAT/ licensing etc..
thanks

[rondellakacrash]

Hi there, I am checking here in 2013 and wanted some updated info for importing from Japan....
Vehicle is a 2400cc engine costing 12100 US CIF.
What are gonna be the charges associated after bringing it here...clearing/VAT/ licensing etc..
thanks

I would like to know the same thing. I looking to ship down one too

[rainrahana]

my cc rating is 1250 cc so how much would that cost per cc? Last time i call the lady and she say its $3.75 per cc for a rating of 1300-1500 cc. I hoping mines is lower than 1300, so maybe they might knock off a lil 0.25 cents.

Every penny counts when u multiplying by thousands

[rondellakacrash]

After you pay all your duties and vat and motor vehicle tax. How much then you pay to register the vehicle and get your plates? Also, how do u go about driving your car out of the port once cleared? I see you have to get a " D " plates or something so. How do u get that?

[Ruff]

MVT on 1800cc???

[Ruff]

(1) Private motor cars or rented cars, station wagons or estate wagons:

(a) Engine size not exceeding 1 599 cc … … 5.00 per cc
(b) Engine size exceeding 1 599 cc but not exceeding 1 799 cc ……… … …… 8.00 per cc
(c) Engine size exceeding 1 799 cc but not exceeding 1 999 cc ……… … …… 15.00 per cc
(d) Engine size exceeding 1 999 cc but not exceeding 2 499 cc ……… … …… 25.00 per cc
(e) Engine size exceeding 2 499 cc but not exceeding 2 999 cc ……… … …… 30.00 per cc
(f) Engine size exceeding 2 999 cc but not exceeding 3 499 cc ……… … …… 35.00 per cc
(g) Engine size exceeding 3 499 cc … … … 50.00 per cc

25% Rebate for Private Owners.

[jerry2008]

Hey what about bring in a 600cc motorcycle

Sent from my GT-I9100 using TriniTuner mobile app

[rondellakacrash]

Stop spamming the topic please

Sent from my GT-N7100 using TriniTuner mobile app

[xtech]

What are the rates for big trucks over 6,000cc

[neteru1]

can you say what is the age limit to import a foreign used vehicle now

[nareshseep]

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!!!

Is this the actual way to calculate landed cost on the road?
If it is then you can use the attached sheet to calc cost on the road

Foreign used car cost calculator1.7z

(8.59 KiB) Downloaded 2240 times

[gundelero]

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!!!

So, I was reviewing this post and decided to work out the on-the-road cost for a vehicle valued 7,400 pounds (TT$65,194.00).

Step 1 - 75% of ($4.00 per cc for 1,796cc) = TT$5,388.00
Step 2 - MVT + Landed Cost = TT$70,582.00
Step 3 - Duty = 35% of (MVT + Landed Cost) = TT$24,703.70
Step 4 - Step 2 + Step 3 = TT$95,285.70
Step 5 - 15% of Step 4 = TT$14,292.90
Step 6 - VAT = Step 4 + Step 5 = TT$109,578.60
Step 7 - Couple hundred for registration, weighing, plates, gas, etc. - TT$1,000.00

TOTAL - TT$110,578.60

Did I do it correctly? Can someone please verify?
If I was correct, it's unbelievable!!! I can purchase this car in a few month's time.

[spanglish1]

Could a customs broker or car dealer confirm the calculations please?

[Ruff]

http://rgd.legalaffairs.gov.tt/laws2/al ... /48.50.pdf

[Nperry]

Nice info

[OracleTnT]

Could one bring in a vehicle 2007/2 now in 2013/08?

[Ruff]

08 if its a passenger vehicle.

[Ruff]

up to 1599cc 25%
1600 to 2000 35%
2001 to 3000 40%
3000 and above 45%

[nr123]

anyone knows a reliable person that does all the paper work for u...goes tru all hassle etc...