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That's the best break down I have ever seen.
You are correct, of course.While I thank Liam1 for publishing the link, I would asdvise others not to rely too heavily on some of information contained in it.
The most glaring mistake is that Kia is a Japanese manufacturer, when in fact
it is South Korean and now under the Hyundai (also S. Korean) umbrella.
The Summary, Market overview and Trends, and the Market access paragraphs must have been written by a true bureaucrat with very little actual or hands on experience in the D.R. The various categories and the dates the duty are due to disappear look to be accurate and were probably taken directly from the agreement itself.
As with anything published on the internet, please due your own due diligence and take the information with the proverbial "grain of salt."
Respectfully,
Playacaribe2
Or anything else this Marciano posts!!!!!!!!!!!!!!!!!!!!!What's that you say, dufus?
To be sure, you would have to contact customs, but I expect you would pay as much in import taxes as you payed to buy the car.ok, here is a quick question, here in Toronto you can buy a decent Chrysler Intrepid 2002/2003 for 6000-7000 CND, if i was to import that car to DR would i have to pay 20% import tax/16% ITBIS... on the price i paid for the car, or would they appraise the car to be worth some crazy amount of money and then tax me on that? thanks.
(i'm talking about a car like this one)
To be sure, you would have to contact customs...
ok, here is a quick question, here in Toronto you can buy a decent Chrysler Intrepid 2002/2003 for 6000-7000 CND, if i was to import that car to DR would i have to pay 20% import tax/16% ITBIS... on the price i paid for the car, or would they appraise the car to be worth some crazy amount of money and then tax me on that? thanks.
(i'm talking about a car like this one)
1800cc, 750lbs.Ha ha, I can see cobraboy now... " Hi, I want to pay the taxes on my 1340 cc passola"
1800cc, 750lbs.
I found out the bitter truth: 20% duty, 16% sales tax, and 17% registration tax. 57%. That's if purchased here. I don't think you'd have to pay the 16% sales tax if you bring it in, plus shipping and hassle.
Damn!
This has been my contention for a long time.A friend of mine just imported a new Kia Sportage. It ended up costing him close to US$6,000 more than if he purchased the same vehicle locally.
When you add up shipping, flights to Miami, taxes etc etc, it's just not worth it.
Plus, he has no warranty.