Trinidad and Tobago - Import Tariffs Trinidad and Tobago - Import Tariffs
a) 12.5 percent ad valorem - to be calculated by percent of commodities for their customs value
b) specific - to be calculated by a determined value for a commodity unit
c) composite - to be calculated through a mix of ad valorem and specific duties;
http://www.customs.gov.tt
Trinidad and Tobago has adopted the internationally accepted classification system for goods. The valuation procedures for customs purposes are to be determined in line with the general principles of the World Trade Organization (WTO). Rates are contained in a list of customs duties. Tariff rates range from zero to 45 percent, but most goods are set at 20 percent. Items including books, CDs, computer hardware and software, and scanners are tariff-free. Auto parts, DVD players, and jewelry have a 30 percent tariff. For social and/or environmental reasons, it levies high excise taxes on distilled spirits and wine, tobacco products, and motor vehicles. More information can be found at the Ministry of Trade website.
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