Norway - Customs Guide. Duty and Tax Threshold Imports are not assessed duty and tax when CIF* value is <NOK 350 Minimum Tresholds & Duty rules Duty Calculation.

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Presentation transcript:

Norway - Customs Guide

Duty and Tax Threshold Imports are not assessed duty and tax when CIF* value is <NOK 350 Minimum Tresholds & Duty rules Duty Calculation Duty is calculated CIF value Most Commonly Imported Items with Duty Rates Clothing - 5.6% Natural health products – 0% + NOK31.71 per kg Cosmetics - 0% Wallets/handbags - 0% CD & DVDs - 0% Auto parts - 0% Footwear - 0% Jewelry (imitation) - 0% Vitamins - 0% + NOK31.71 per kg Costumes/festive goods - 0% Free Trade Agreements European Free Trade Association-Singapore Free Trade Agreement Hong Kong, China-European Free Trade Association Free Trade Agreement [Republic of] Korea-European Free Trade Association Free Trade Agreement [Republic of] Korea-European Union Free Trade Agreement Free Trade Agreements (FTA) allows for preferential duty rates. Goods must meet the Rules of Origin outlined within each FTA to qualify for preferential duty rates *CIF (Cost, Insurance, Freight: The import duty and taxes payable are calculated on the complete shipping value, which includes the cost of the imported goods, the cost of freight, and the cost of insurance.

Tax Rules, Import Restrictions & Drawback Tax Calculation Tax is calculated on the CIF value plus applicable duties Types of Tax VAT Tax Rates Standard rate is 25% Reduced rate on select commodities is 14% Common Import restrictions More information on Import Restrictions can be found at Returns & Drawback No current drawback solution.

Examples Examples to Norway Example 1 Sweater of 100 NOK Example 2 Sweater of 500 NOK Value of the good 100 NOK500 NOK Duty applied Not applicable since <$350 NOK = 0 NOK Clothing 5.6% (500*,56) = 28 NOK Tax applied Tax 25% - Not applicable since <$350 NOK = 0 NOK Tax 25% (500+28)*0,25 = 132 NOK Total cost of goods, duty & tax paid by a client (excl shipping costs) 100 NOK = NOK =