tax rate for importing a foreign car.
Does anyone have knowledge of the rates being changed by the VI on this subject?
Someone told me that the rate has tripled as of recently. I'm considering shipping a
car that I have owned for sometime and don't want to sell. If they have gone up that
would make my choice easier. I believe it was 3.5 % and 6% previously depending
on the VIN's starting number, meaning it's country of origin.
i dont know what the rate is, but it is based on your vin number not the make of the car. 8 or so years ago i shipped my car here. it was paid off and i would rather have what i know than get what i didnt know. for me at that time it was worth it. we paid less than 2 thousand.
not so sure now as i am sure there are a lot of cars for sale due o hovensa, but i could be wrong on that.
From this website!
Customs: Clearing customs and paying duty is usually done at an office close to the shipping dock. The duty collected is based on country of origin on the car and is calculated using the book value or Bill of Sale, whichever is greater. The VIN number is used to determine origin: if the first digit is 1, 4 or 5 it is a U.S. car and there is a no duty owed. Vin’s starting with 2 or 3, there is a 6% duty. Vin’s starting with 6 or with a letter it is 3.5% duty. The U.S. Customs Office will accept personal checks, cash, certified checks and money order. You can call the Customs Office at (340) 714-1600 for more information.
Best thing to do is call Customs.
Depending where car is made import tax can be high as 6%.
This includes cars made for US in Mexico/other places as while USA has trade agreements with those countries, the USVI does not and you can be taxed on those imports as well if some of their parts or assembly is from elsewhere..
Get straight from the horses mouth and call Customs since picaflores has been kind enuff to provide Tel. #, etc.