Calculation of Total Tax Incidence (TTI) for Import

TTI = CD + RD + SDI + VATI + AIT + ATVI

AV = (Invoice value X 1.01) X 1.01= 100 X 1.0201= 102.01

SDI = {(AV + CD + RD) X SD / 100}VATI = {(AV + CD + RD + SDI) X VAT / 100}ATVI = [{(AV + CD + SDI) X 1.15} X ATV / 100]

Notes and Abbreviation:

AIT = Advance Income TaxATV = Advanced Trade Vat (rate)ATVI = ATV incidenceAV = Assessable Value (base value to calculate all duties and taxes; conversion of CIF or CRF value

into Taka) CD = Custom Duty (rate)RD = Regulatory Duty (rate)SD = Supplementary Duty (rate)SDI = SD incidenceVAT = Value Added Tax (rate) VATI = VAT incidence