Trinidad & Tobago MVT, VAT, CD and Transfer Fees

[NarendZORCE]

Special thanks to Wolfie for the find:

Motor Vehicle Tax is normally payable at the following rates:

* engine size not exceeding 1599 cc Free
* engine size exceeding 1599 cc but not exceeding 1799 cc ? $ 4.00 per cc
* engine size exceeding 1799 cc but not exceeding 1999 cc ? $ 8.00 per cc
* engine size exceeding 1999 cc but not exceeding 2499 cc ? $21.00 per cc
* engine size exceeding 2499 cc but not exceeding 2999 cc ? $25.00 per cc
* engine size exceeding 2999 cc but not exceeding 3499 cc ? $30.00 per cc
* engine size exceeding 3499 cc ? $45.00 per cc

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Value Added Tax is payable at a rate of 15%. It is calculated in the following manner:

15% of the C.I.F. Value + Customs Duty = VAT Payable

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Customs duty is normally payable at the following rates:

* Vehicles with an engine size not exceeding 1599 cubic capacity (cc)- 20%
* Vehicles with an engine size exceeding 1599 cc but not exceeding 2000 cc - 25%
* Vehicles with an engine size exceeding 2000 cc - 30%

Customs duty is based on the Cost, Insurance and Freight (C.I.F.) Value of the Vehicle.


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I believe several members were asking for these figures. Please sticky this mods, it's important and stuff.
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[BLUE_CP9A]

Transfer fees anyone?
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#69
100cc Yamaha KT100 engine
Birel CR32SR motosport chassis