Did you know the duty that Smartwatch is 0%.
What is a Smartwatch?
A smartwatch is a wearable computing device that closely resembles a wristwatch or other time-keeping device.
In addition to telling time, many smartwatches are Bluetooth-capable. The watch becomes, in effect, a wireless Bluetooth adaptor capable of extending the capabilities of the wearer’s smartphone to the watch. In such a case, the wearer can use the watch’s interface to initiate and answer phone calls from their mobile phone, read email and text messages, get a weather report, listen to music, dictate email or text messages or ask a digital assistant a question.
SOURCE: https://internetofthingsagenda.techtarget.com/definition/smartwatch
The rates of duty of a smartwatch is different from the rate of duty of an ordinary clock or wrist watch. Whilst normal clocks and watches fall in Chapter 91 of the HS Code, Smartwatches are classified under chapter 85 of the HS code and attract a rate of duty of 0% just like a computer.
One thing to note though is that VAT still applies to the importation. VAT is charged at 15%.
To use our calculator, visit http://www.zimdutycalculator.co.zw
One reply on “Importation of Smartwatches is duty free”
When one purchase second hand motor vehicles what is the rate of duty, and in what currency is it paid for in.
Can i pay the duty for motor vehicle parts in RTGS using swipe.
Thank you