Import Duty Calculator
Estimate import duties, VAT, and total landed cost. Enter product price, shipping, insurance, and tax rates to accurately calculate cross-border import costs.
How Import Duties Are Calculated
Import duties are usually calculated based on CIF value (Cost, Insurance, and Freight). CIF includes the price of goods, shipping, and insurance. After duty calculation, taxes like VAT are applied on top. Understanding these costs helps you set reasonable import pricing strategies.
CIF Value Breakdown
- •Product Value – the value of the goods themselves
- •Freight – the cost of transporting the goods to the destination port
- •Insurance – the insurance cost during transportation
Formula Explanation
Import duties and taxes are calculated using the following standard formula:
1. CIF = Product Value + Shipping + Insurance
2. Duty = CIF × Duty Rate (%)
3. Tax/VAT = (CIF + Duty) × Tax Rate (%)
4. Total Landed Cost = CIF + Duty + Tax
