Moderator: 3ne2nr Mods
SMc wrote:^^ LHD B14?
nervewrecker wrote:R35 it seems, those are the new b14.
hotrod1 wrote:I know the law in trinidad changes every week so I'm hoping some of you may know.
The last time I checked you no longer have to wait for a specified time frame of owning a vehicle abroad for example two years or six months. Instead, the returning resident can purchase a vehicle and bring to trinidad same time. Is it still like this?
What kind of taxes do you need to pay and is there any age restriction on vehicle?
Returning nationals are eligible to import personal and household items and vehicles at reduced rates of duty. To qualify, you must:
•Be a citizen of Trinidad and Tobago, a former citizen of Trinidad and Tobago or the spouse of a citizen or former citizen.
•Be at least 18 years old.
•Have been resident overseas for at least five consecutive years, as evident by valid original passport or employment records.
•Be returning to Trinidad and Tobago to reside permanently.
Returning residents who wish to import their vehicles must submit the following to the Comptroller of Customs, along with their letter and customs forms:
•Proof of ownership (bill of sale, registration certificate, Certificate of Title, insurance certificate or official certificate from country of origin) of the vehicle.
•Customs Declaration form (C82) (broker fills this out based on information you provide).
•C84 form (filled out by your Broker based on the information you provide).
•Bill of Lading, provided by the shipping company.
•Declaration before a Commissioner of Affidavits or Justice of the Peace expressing an intention to reside in Trinidad and Tobago, confirming that the vehicle may not be sold or transferred within two years of the importation, and that the vehicle is for personal use. Please note that commissioners of affidavits may be contacted by searching the Commissioner of Affidavits section of the yellow pages of your Trinidad and Tobago telephone directory.
Note that exemptions are allowed on only one vehicle per person. If a family is returning to Trinidad and Tobago with more than one vehicle, each car must be registered to a different family member in order to access the tax and duty waivers on them all. The vehicle must be imported within six months prior to or after you return to Trinidad and Tobago.
The amount of duty that can be waived varies according to the length of ownership of the vehicle:
•If the registered owner has owned the vehicle for more than six months but less than a year, the exemption is 25% of the payable duty.
•If the registered owner has owned the vehicle for more than one year but less than two years, the exemption is 50% of the payable duty.
•If the registered owner has owned the vehicle for more than two years, the exemption is 90% of the payable duty.
No waivers are granted from the payment of VAT (15% calculated on the total value of the cost, insurance and freight of the vehicle).
In the case of household effects intended for personal use (and not sale or exchange), the returning national must have used and owned them for at least one year and must import them within two months prior to or after returning to Trinidad and Tobago. Once these and all the criteria listed above are satisfied, no duty or VAT is charged on goods where the total value (including cost, insurance and freight) does not exceed TT$100,000.00. In the event that the total value of the goods exceeds TT$100,000.00, the full duties and taxes are charged on the amount in excess of TT$100,000.00.