THE COST OF VEHICLE IMPORTATION
Have you ever wondered how much it would cost you to import a car or truck from UK?
Kitwe Online Management Ltd offers an import service for vehicles and other goods. We can deliver the vehicle to your door step. You can also choose to collect the vehicle from the port in Namibia or Dar-es-Salaam on your own, if you so wish. Importing through Namibia tends to be about K10,000 cheaper than through Dar-es-Salaam.
Determining how much it will all cost you can be quite a challenge if you have never done it before. The table below will give you an idea how much it would cost to import a tipper truck or flatbed truck which weighs 18 tons or above.
Import duty calculations vary depending on the type of vehicle you buy, its age, the size of the engine and its loading capacity. There are different charges for different categories of vehicle. Trucks above 20 tons and tractor units are exempted from Excise Duty. Cars attract 30% Excise Duty. The currency exchange rate also varies with time.
Insurance is optional. It works out at around 7% of the sum of the combined purchase and shipping costs.
Kitwe Online charges an affordable administrative fee that includes the cost of inspecting the vehicle to ensure that the customer gets the best deal. It also includes the cost of mailing subsequent paper work.
You can email us or visit our shop in Luanshya’s 2nd class trading area, Stand No. 96, Mwaiseni Street. Mobile phone: +260 97 3980018.
is % of (VDP + Customs Duty)
|Custom Duty||Excise Duty||VAT||Carbon Tax|
|Motor Cars(1 to 9 passengers)||25%||30%||16%||50|
|Pickups & Trucks below 20 tons||15%||10%||16%||150|
|Trucks above 20 tons||15%||0%||16%||200|
|Buses (>10 passengers)||15%||25%||16%||200|
The figures for the cost of purchasing and shipping up to an African port (e.g. Walvis Bay in Namibia) are easy to work out. The final figures for the taxes at the Zambian border can only be determined once the customs officers inspect and work out the value. The figures provided here are therefore just an approximation.
|CALCULATION OF TRUCK IMPORTATION COSTS – an example|
|Exchange Rate (XR)||13.0417|
|1. UK COSTS:|
|Purchase price of vehicle = Free On Board (FOB)||10,000||130,417|
|Transport to port||500||6,521|
|Insurance charges (7% of Cost + Shipping)||0||0||7%|
|Freight up to Walvis Bay(Transport costs)||3,500||45,646|
|A.||Costs Including Freight (CIF) – Walvis Bay||14,000||182,584|
|2. AFRICA COSTS:|
|COSTS UP TO ZAMBIAN BORDER (Kazungula)|
|Physical inspection fee||77||1,000|
|Road toll, Insurance & Council charges||27||357|
|Diesel from port to border||77||1,000|
|B.||CIF – Up to Kazungula border post||418||5,447|
|CALCULATION OF TAXES|
|A+B||Value for Duty Purposes (VDP)||188,031|
|C||Customs Duty @ 15% of VDP||28,205||15%|
|A+B+C||Value for Excise: (a + b)|
|D||Excise Duty @ % of (a + b)||0||10%|
|E||Value for VAT purposes (c + d)||216,235|
|F||VAT @ 16% of (e)||34,598||16%|
|Carbon Emission Tax (>3001cc)||200|
|Motor Vehicle Fee||128|
|Asycuda Processing Fee||50|
|G.||TOTAL OF ADDITIONAL TAXES||378|
|H.||TOTAL TAXES (C+D+F+G)||4,844||63,180|
|Agent on Namibian side of border||360|
|Agent on Zambian side of border||1,000|
|Diesel from border to Kitwe||1,000|
|I.||TOTAL OF EXTRA COSTS||258||3,360|
|J.||TOTAL AFRICA COSTS||5,520||71,987|
|3. LANDED COST (1 + 2):||19,520||254,571|
If you are ordering a trailer without a tractor unit, you would have to add the cost of hiring a tractor unit to tow it from the port to your door step. The same applies to ordering a shipping container.
Any contents you load on the truck have to be declared and paid for separately.ZRA Motor Vehicle Clearance