Import Duty Calculator
Estimate import duties, VAT, and total landed cost. Enter product price, shipping, insurance, and tax rates for accurate cross-border import cost calculation.
How Import Duties Are Calculated
Import duties are usually calculated based on CIF value (Cost, Insurance, and Freight). CIF includes the product price, shipping cost, and insurance. After duty calculation, taxes such as VAT are further calculated on this basis. 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 tax calculation follows the 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
