Although it is the price of shipping services that most interested individuals are afraid of, it’s the cost of the import taxes and duties that tend to be expensive.
Not all countries carry high tax and duty rates, but the ones that do will charge as much as 200% of the car’s value. It all depends on the nation you are shipping the car to and the details of your transport.
Before you find a transporter to ship a car to Lebanon for you, find out more information regarding the import laws and tax rates. This will only reassure you that it is worth shipping the vehicle there from your home in the U.S. Luckily, Lebanon isn’t strict with their import policies, nor do they charge astronomical amounts in import fees.
Lebanon’s Import Duty and Tax Rates Explained
A vehicle being imported into the country from the United States is only allowed to enter after proof of compliance with the law is provided to the Customs office. Part of this proof is a receipt proving that you paid all import duties and tariffs off.
- You will have to pay a Customs duty that averages around 7.85% yet can range anywhere from 0-70%.
- Sales tax.
- Excise duty is around 50%.
All taxes and duties are based on the CIF value in addition to other details. Call the Embassy of Lebanon to find out the latest tax rates. They can tell you exactly what you must pay as well as where to pay it.
Frequently Asked Questions
USA import tax fees vary depending on the type of goods and their value. For vehicles, the import tax is typically 2.5% of the purchase price, but rates can differ for other items.
Import duty in the US is a tax imposed on goods brought into the country. The rate varies based on the product and its country of origin, with typical rates ranging from 0% to 37.5%.
To calculate import duty to the USA, determine the product's value and apply the appropriate duty rate based on the Harmonized Tariff Schedule (HTS). You can also use online duty calculators provided by U.S. Customs and Border Protection for accurate estimates.
A duty or tax on imports is a fee imposed by the government on goods brought into the country. It’s intended to protect domestic industries and generate revenue. The rate depends on the product's classification under the Harmonized Tariff Schedule (HTS).