DEPRECIATION FOR DIRECT IMPORTS

TAX RATES

YOM 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002

Age of Motor Vehicle 0 to < 1 year 1 to < 2 years 2 to < 3 years 3 to < 4 years 4 to < 5 years 5 to < 6 years 6 to < 7 years 7 to < 8 years 8 to < 9 years 9 to 10 years

Rate 10% 15% 20% 25% 30% 35% 40% 50% 60% 70% 80%

NEW SYSTEM OF USED MOTORVEHICLES VALUATION

C.C 0-1000 1001-2000 2001 and above

NON - UTILITY VEHICLES I/DUTY E/DUTY EXA 25% 25% 25% 5% 10% 20% 20% 20%

VAT 18% 18% 18%

UTILITY VEHICLES ITEM Pick ups Trucks ( 5tons-18.5tons) Trucks ( above 18.5tons) Tractors(trucks for pulling semi trailers) Buses (from 10 passengers) Land cruiser Hard tops carrying from 10 I/DUTY 25% 10% 0% 0% 25% E/DUTY VAT 18% 18% 18% 18% 18%

2001 and below over 10 years

Enter Today's exchange rate

1595

passengers

25%

20%

TABULATION FOR MVs WITH IMPORT DUTY & VAT - Direct Imports Motor vehicle with less than 1000cc Example of vehicles: Toyota Vitz model SCP10, Toyota duet Model M100 , Nissan March Model K11, Suzuki Carry Model DD51 and Mazda Demio DW3W Motor vehicle with less than 1000cc (Aged more than 10 Years)

GUIDELINE SUBJECT TO VERIFICATION

GUIDELINE SUBJECT TO VERIFICATION

Current Retail Selling Price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 25% VAT Base VAT 18 %

21,906 75%

Current Retail Selling Price Depreciation Freight

0% 2,970 2,970 743 3,713 668

Extra Depreciation Customs value FOB Value Import Duty 25% Excise Base for vehicle aged more than 10 years VAT Base VAT 18 % -

0%

Total Taxes Total Taxes in TSHs

1,411 2,250,365

Total Taxes Total Taxes in TSHs

TABULATION FOR MVs WITH IMPORT DUTY, EXCISE DUTY & VAT - Direct Imports Motor vehicle with more than 1000cc but not exceeding 2000cc Example of vehicles: Toyota Mark II Model GX110, Toyota Corolla, Subaru forester, RAV4,Pajero Junior (io) Motor vehicle with more than 1000cc but not exceeding 2000cc (Aged more than 10 Years) Example of vehicles: Toyota Mark II Model GX110, Toyota Corolla, Subaru forester, RAV4,Pajero Junior (io)

GUIDELINE SUBJECT TO VERIFICATION

GUIDELINE SUBJECT TO VERIFICATION

Current Retail Selling Price Depreciation

57,802 60%

Current Retail Selling Price Depreciation

Freight Extra Depreciation Customs value FOB Value Import Duty 25% Excise Base Excise Duty 5% VAT Base VAT 18 % Total Taxes Total Taxes in TSHs 0% 11,943 11,943 2,986 14,929 746 15,675 2,822 6,554 10,453,060

Freight Extra Depreciation Customs value FOB Value Import Duty 25% Excise Base for vehicle aged more than 10 years Excise Base Excise Duty 5% VAT Base VAT 18% Total Taxes Total Taxes in TSHs 0% -

TABULATION FOR MVs WITH IMPORT DUTY, EXCISE DUTY & VAT - Direct Imports Motor vehicle with more than 2000cc Example of vehicles: Toyota Mark II Model JZX110, MARK X, PRADO, NISSAN SAFARI, RANGE ROVER, TOYOTA HARRIER, LAND ROVER
GUIDELINE SUBJECT TO VERIFICATION

Motor vehicle with more than 2000cc (Aged more than 10 Years)

IDELINE SUBJECT TO VERIFICATION

Current Retail Selling Price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 25% Excise Base Excise Duty 10% VAT Base

67,164 50% 0% 16,558 16,558 4,140 20,698 2,070 22,768

Current Retail Selling Price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 25% Excise Base for vehicle aged more than 10 years Excise Base Excise Duty 10% 0% -

VAT 18 % Total Taxes Total Taxes in TSHs Total Taxes in TSHs

4,098 10,308 -

VAT Base VAT 18% Total Taxes Total Taxes in TSHs

UTILITY VEHICLES
TABULATION FOR MVs WITH NO EXCISE DUTY (PICK-UPS & LORRIES not exceeding 5tons ) Direct Imports Examples : Toyota Hilux, Canter, Nissan Hard body GUIDELINE SUBJECT TO VERIFICATION Current Retail Selling price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 25% VAT Base VAT 18% Total Taxes Total Taxes in TSHs 0% TABULATION FOR MVs WITH NO EXCISE DUTY (Trucks of 5tons - 18.5tons) - Direct Imports

Examples : Fuso Fighter, Isuzu trucks, Scania Trucks, Nissan diesel of 5-18.5 tons GUIDELINE SUBJECT TO VERIFICATION Current Retail Selling price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 10% VAT Base VAT 18% Total Taxes Total Taxes in TSHs 0%

TABULATION FOR MVs WITH NO EXCISE DUTY (Tractors & Trucks exceeding 18.5tons)- Direct Imports

TABULATION FOR MVs WITH NO EXCISE DUTY & VAT (BUS 10+ SEATER) - Direct Imports

Examples : Scania , Iveco, Nissan Current Retail Selling price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 0% VAT Base VAT 18% Total Taxes Total Taxes in TSHs 0%

Examples : Hiace, Coaster, Rosa,Civilian Current Retail Selling price Depreciation Freight Extra Depreciation Customs value FOB Value Import Duty 25% VAT Base VAT 18% Total Taxes Total Taxes in TSHs 0%

Note : Exchange rate will be based on the current one provided by Customs