Import duties in Sri Lanka

Sri Lanka’s import duty law is a multifaceted system meant to create income for the government while also trying to protect and support local businesses.  Navigating this method properly is important for businesses interested in foreign trade with this country. This piece offers a full help to understanding the intricacies of import duties in Sri […]

Import duties in South Korea   

South Korea, a modern and technologically proficient country, usually keeps an open trade policy. Bringing things into the country, however, means paying customs and taxes.  The main import taxes introduced in South Korea are fully summarized on this page.    Import taxes   Often referred to as tariffs, import taxes are payments made on things as they […]

Import duties in Singapore

Globally leading commerce and logistics hub Singapore has built a business-friendly environment using a quite straightforward and effective import duty system. Although most items coming into the nation are free from customs taxes, some groups are liable for taxes. This page gives a full summary of Singapore’s import taxes together with information on the main […]

Import duties in Saudi Arabia

Saudi Arabia’s trade laws include import charges as a fundamental component. Such factors are indicative of the nation’s stance on protecting local industries and the sources of income, as well as limiting the inflow of products from foreign countries to the national market. In line with the Common Customs Law of the Gulf Cooperation Council […]

Import duties in Russia

In the Russian Federation, import duties are an important tool for regulating international trade, protecting local producers and generating revenue for the state budget. Such tariffs do not exceed the Common External Tariff (CET) set by the Customs Code of the Eurasian Economic Union (EAEU) which Russia is a part of. The architecture of the […]

Import duties in Qatar

A key component of Qatar’s trade and economic policy, import charges are intended to control global trade, safeguard domestic industries, and increase income. Pursuant to the Common Customs Law of the Gulf Cooperation Council, all its member countries coordinate their policies and share with Qatar Customs Law No. 40 of 2002 on Import Procedures. They […]

Import duties in Philippines

A vital part of the Philippines’ trade laws and economic structure, import tariffs serve to safeguard local businesses, provide income, and control the flow of products into the market. The Customs Modernization and Tariff Act (CMTA) is the main law governing these levies, which serve the government’s economic objectives while guaranteeing adherence to global trade […]

Import duties in Pakistan

The Cost, Insurance, and Freight (CIF) value of the cargo is used to determine the import tariffs that are applied to items that are carried into Pakistan. The kind of commodities, their categorization, and their intended purpose all affect the regular tariff rates. The Harmonized System (HS) Code is used in Pakistan to categorize goods […]

Import duties in Oman

The main way that Oman imposes import charges is as tariffs on items that are carried into the nation; they are determined by the Cost, Insurance, and Freight (CIF) value. Because of the nation’s dedication to upholding an open trade policy, the tariffs are comparatively modest when compared to international norms. The majority of commodities […]

Import duties in North Korea

Import taxes in North Korea are enforced as part of the nation’s centralized trade policies, which are designed to reduce and manage reliance on imported commodities. Since state firms directly oversee a large portion of the nation’s commerce, these levies are only applicable to a limited range of items. Luxury and non-essential products are subject […]