Barbados Vehicles Statistics

Import duties on the importation of barbodas Statistics on regular tariff rates and types that U.S. businesses should be aware of when exporting to the market shall be considered.

Barbados is a permanent member of the Caribbean Community (CARICOM) and has adopted the CARICOM Common External Tariff for product lines, with import tariffs ranging from 0% to 20%. Regulations on some items are greater, such as: fruits and vegetables 40 percent, jewelry 60 percent, watches 50 percent, motor vehicles 45 percent, and t-shirts 115 percent.

In addition, a 1% environmental rate of interest is levied. New motor vehicles ($750.00 per vehicle), used motor vehicles ($1,000.00), refrigerators ($7.50 per refrigerator), and television sets ($5.00 per set) are some of environmental levy ratios that differ from the usual 1%. The cost, insurance, and freight (CIF) range of all agriculture products imported in packaging that are not composed of plastics, glass, metal, or paperboards is applicable to something of a 0.75 percent environmental levy.

Vehicles that have been used or reconditioned

Following a modification to the legislation governing the importation of used or reconditioned cars, being used refurbished cars that seem to be older than four (4) years and/or might have an odometer reading of more than 50,000 kilometres could not be imported into Barbados (31,250 miles).

Returning Nationals could therefore, however, import vehicles older than four (4) years or with odometer readings surpassing 50,000 kilometres if they produce confirmation that they owned the vehicle for at least four (4) years prior to importation.

If the Returning National has owned the vehicle for less less than four (4) years, it must meet current requirements, which means it must be less than four (4) years old and have an odometer reading of less than 50,000 kilometres.

If the Returning National’s vehicle does not meet foregoing conditions, the Returning National must acquire approval to import the vehicle from the Ministry of Finance and Economic Affairs before shipping it.

Inspection

No inspection is required for used car import in Barbados

Returning Nationals / Diplomats

If the importer is neither a diplomat or a returning national, a vehicle must be four (4) years old or less, with a mileage compared with fewer than 50, 000 kilometers.
If the importer is a foreigner whose been returning to the country, there are no age or mileage restrictions as long as the applicant meets all other criteria listed in the Returning National Guidelines. All usual import tariffs and taxes are waived on the car.
If the importer is a diplomat, the situation is different. In this situation, there are no limits, and the car is exempt from all ordinarily relevant import charges and taxes.

Documents Required For Importation

1. Valid Passport
2. Inventory
3. Original bill of lading or Express Release
4. Import License for Motor Vehicles
5. Bill of Lading
6. Commercial Invoice
7. Title and Registration Certificate
8. Importing a used vehicle also requires: owner’s log book and insurance policy for period plus any other documents which provide proof of period of ownership.

Procedures for Customs

An interview with customs is required, followed by a customs examination at the residence. The consignee must be present all through the customs interview and examination, and approval must continue for at least four days.

Import Duties

Barbados is a full – fledged member of the Caribbean Community and has implemented the CARICOM Common External Tariff on used toyota hilux for sale, which would be 45 % for automobiles.

Duty and Taxes to be Paid

After all import procedures have been fulfilled, including the payment of import taxes, the Customs Department will consider releasing your vehicle. The computer system will print a thorough statement on the copies of your Declaration Form after receiving your payment. With the printed statement, you will receive copies of the Customs declaration. Your receipt will be made out of those copies.

Some of the documents that must be presented to customs when vehicle arrive in Barbados:

1. Bills of lading depending on the method of import.
2. The CARICOM document invoice. (The Commercial Invoice is acceptable if all of the required information is present).
3. The supplier’s invoice documenting all items in the shipment.
4. The C-60 form which is a declaration of particulars relating to Customs Value
5. The C-63 form that indicates the items shipped, the weight, the shipper, the tariff code, etc., must also be attached.

This information is only for your reference. For up-to-date information please visit your governmental official source.

VAT

Most used cars imported into Barbados are equivalent to a 17.5 percent value added tax.

Age Restrictions

In Barbados, there are no age restrictions on the importation of refurbished vehicles.

Hand Drive Vehicles

Right-hand-drive vehicles can be imported into the country.