New Tax Rate
Amendment to 40 PNC 1301, as Amended by RPPL No. 6-12 (28)
and RPPL – 6-35(5), Is Amended as Follows:
RPPL No: 6-37
RPPL No. 7-53
Every person who imports into the Republic any of the product set forth as follows in items (1), (2), (4), (5), (6), (7), (8), (9), and (10) below regardless of purpose, and any of the other products listed above into the republic for commercial purpose, shall be assessed and levied and shall pay taxes thereon at the following rates.
Based on the Customs Regulation (6.2.1) ” All other export for commercial purposes, must be exported on completion of an Export Declaration Form as prescribed by the Division of Customs. Submission of the Export Declaration Form for processing and payment of Export Tux if applicable.
Division of Customs will require all exporters to obtain a Customs Clearance Stamp or Certificate of Origin Form to be filled at the Customs Cargo Section prior to all commercial exported goods being exported ou of Palau. A declaration processing fee of $3.00 shall be charged for each import and export declaration presented for processing at any of the offices in which dearance of eargo is permitted, the declaration is presented m hard copy as a manual declaration and not lectronic form then an additional $0.10 (Ten cents) shall be charged an each item line the declaration.
Any person arriving in the republic by common carrier may bring in up to one carton of cigarettes (10 pack where each pack contain 20 cigarettes for a total of 200 cigarelles) without taxation.
Any person arriving in the republic by common carrier may bring in either one box of cigars (50 or fewer cigars), or one ounce of pipe tobacco, or one package of chewing tobacco not to exceed 3 oz ounces, without taxation.
Any person arriving in the republic by common carrier may bring in a quantity of alcoholic product, as selected by that person, in an aggregated amount not to exceed two (2) liters, as exempted from import taxes.
|1 liter||33.81 oz|
|1 Milliliter||0.03381 oz|
|1 centiliter||3381 oz|
Size (x) Conversion Rate (x) Tax Rate = Import Tax
All travelers into and out of Palau are required to Declare on the Arrival or Departure Card if they are carrying $10,000 or more in Currency or negotiable bearer instruments in their possession or baggage.
If yes, you are also required to complete a Border Currency Report Form
Seizure and Detention of Currency Administrative and Civil Penalties up to Double the value of the Currency (Cash Courier Disclosure Act of 2007)
Forfeiture of the currency and/or Monetary instruments and Criminal Penalties for Smuggling of up to five years imprisonment and/or $5,000 Fine (17 PNC Chapter 37)