Formulas for calculating customs payment in Ukraine
To share
New amendment to the Tax Code of Ukraine entered into force on July 1, 2019.
There are two formulas for calculating customs payment:
- For shipments with total invoice value above 100 EUR but below 150 EUR (customs duty is not calculated; VAT rate is 20% of the sum exceeding 100 EUR):
Example 1: $130 Calvin Klein Shoes
Value of the goods: $130 (115EUR)
Customs duty: N/A
VAT: (115EUR-100EUR) * 20% = 3 EUR
Total payment: 3 EUR
- For shipments with total invoice value above 150EUR but below 10000EUR (customs duty rate is 10% of the sum exceeding 150EUR; VAT rate is 20% of the sum exceeding 100EUR and sum of the customs duty):
Example2: $600 iPhone
Value of the goods: $600 (530EUR)
Customs duty: (530EUR-150EUR) * 10% = 38 EUR
VAT: (530EUR-100EUR + 38EUR) * 20% = 93.6 EUR
Total customs fees: 131.6 EUR
- Payments must be paid in UAH according to the rate of the National Bank of Ukraine on the date of submission of customs declaration.
- All goods with value up to 100 EUR are not taxable.
To share
Our news
Create your shipments online and drop-off at a Meest branch
Meest has launched a new convenient feature – online shipment creation with drop-off at Meest locations.
Meest Introduces Fuel Surcharge for International Shipments
Due to ongoing global changes that have resulted in a sustained increase in fuel prices, Meest is implementing a fuel surcharge for international shipments.
How to Ship to a PO Box
In this article, we'll cover all the details, from the legal aspects of delivery to the intricacies of international shipments.
Meest launches new Ukrainian-language Media
Meest announces the launch of an updated Ukrainian-language version of Meest Weekly – a modern media platform for Ukrainians around the world.
LCL vs. FCL: Which Shipping Method is Right for Your Growing Business?
When you understand logistics, delivery stops being a headache and becomes a strength.
What is a Commercial Invoice and When Do You Need One?
Understanding its role will help you avoid border holdups and unnecessary financial expenses.
