Duty, tax and shipping on an import.
A worked example
Starting figures
- Goods value
- $1,200
- Duty rate
- 4.5%
- Import VAT
- 20%
- Shipping
- $180
What it returns
- Landed cost
- $1,730.52
- Tax & duty
- $350.52
- Duty
- $62.1
- Import VAT
- $288.42
- Uplift on goods value
- 29.2%
How to read the results
With the defaults above, landed cost works out at $1,730.52.