🇫🇷

St. Pierre And Miquelontax and duty information

Customs duty refers to a type of tax levied by the Customs, as authorized by the state, on the import and export of goods and commodities from another country. The Custom duty payment equals the Cost, Insurance and Freight (CIF) value, which is based on the transaction value approved by the customs. Different types of goods are subject to to different levels of taxation. Furthermore, different countries may also have special arrangements for specific goods and commodities, and may even prohibit entry or violate local regulations.

The taxation of specific countries/ regions depends on the local GST/ VAT, category of the good and its declared value. The tax and custom duty threshold is the amount a person pays based on the declared value of the good.