DEPRECIATION FOR DIRECT IMPORTS
0 - 6 months 5%
6 - 12 months 10%
1 - 2 years 15%
2 - 3 years 20%
3 - 4 years 30%
4 - 5 years 40%
5 - 6 years 50%
6 - 7 years 60%
7 - 8 years 70%
TABULATION FOR MVs WITH IMPORT DUTY,EXCISE DUTY & VAT - Direct Imports
Current Retail Selling Price 3,264,000
Depreciation 70%
Extra Depreciation 0%
Customs value 450,207
Import Duty 25% 112,552
Excise Value 562,759
Excise Duty 20% 112,552
VAT Value 675,310
VAT 16% 108,050
Total Taxes 333,153
IDF Fees 12,381
Grand Total 345,534
Cant paste an excel sheet,so the tabulation could act a s aguide
Generally it's 10.6% of the current retail value (showroom price)