brody713 said:
The bike is a KTM XCF-W 250 2011. It is second hand technically since I rode it 9h in Canada already. It is not licensed in Canada. I think the book value was around 6000$ CAD
I spoke to an shipping company for transport and for customs in Cambodia here's what I was told:
"The import tax is 25% on the declared CIF value.
Then there is a 10% VAT calculated over the CIF value + import tax.
The total to be paid becomes 39.15% over CIF value.
If the importer is not a registered company but a private person there is an additional tax of 20% on CIF."
I think I might be able to strike a deal with a local bike shop i know so he could import the bike for me so I'd save the additional 20% tax.
But for the 25% import tax and 10% VAT, what value will they use to calculate? Book value? or Could I have an "alternate" invoice made from my dealer in Canada...
Those figures sound about right. I was quoted 39.15% tax all up when I inquired.
For
secondhand bikes, the value is calculated based on year of manufacture and engine size.
For example:
My 2007 DRZ400S was imported by Flying Bikes in Phnom Penh. A 2007 DRZ400S has a customs book value of USD2000 so the tax was $2000 x 39.15% = $783. I still have a copy of the tax invoice (calculated in Cambodian Riel) and it verifies those figures.
For
new bikes, the tax is 49.15% of the new bike price (customs have a data base for this so no cheating with fake invoices) plus the shipping cost.
So if the new KTM cost say $7k and another $500 to ship, you pay 49% tax on $7.5k. !
In addition, you need to use a customs broker this end that will arrange an import licence and various other fees. 2 years ago I got 4 quotes that averaged around $600 .
You need to contact a customs broker here and find out the current customs book value for your bike, plus their costs for processing everything for you. I suggest you try DHL for a quote because they will give you an honest quote. Some of the other mobs will underquote to win your business. Also need to know that you will be taxed for a used bike, not a new bike.
Then it's a simple question, the numbers/viability of importing the bike either make sense, or don't.