ATA Carnets: See the Savings—Multiply

Call Boomerang Carnets, Your Carnet Specialists

2024 was a banner year seeing the entry of three new carnet countries into the ATA Carnet system. 

Peru, the 89th member and the third Latin American country in the system, began accepting Carnets on April 30, covering exhibitions, fairs, and professional equipment.  Peru’s combined import duty and tax rate (11% import duty and 18% VAT) is approximately 29% of the value of the goods.

Saudi Arabia became the 90th member on June 1, accepting Carnets for exhibitions, fairs, professional equipment, and commercial samples, but excludes sports equipment.  Saudi Arabia’s combined import duty and tax rate (25% import duty and 15% VAT) is approximately 40% of the value of the goods.

The Philippines became the 91st member on July 15, allowing ATA Carnets for exhibitions, fairs, professional equipment, and commercial samples.  The Philippines’ combined import duty and tax rate (3 - 30% import duty and 12% VAT) could be approximately 42% of the value of the goods.

From the very start, many companies wasted no time and jumped on the opportunity to temporarily import their goods and equipment into these new ATA Carnet countries.
 

SEE THE SAVINGS

Here is a breakdown of the highest valued goods-equipment, by industry, and the savings due to the avoidance of import duty and import tax assessed when using an ATA Carnet as the method of temporary import.  The Amount Saved is calculated using the approximate combined percentage stated above: Value of Goods x Import Duty Tax Percentage.

Other industries that temporarily imported into these new countries were Aerospace, Aviation, Chemical Analysis Devices, Creative Agencies, Education (University), Eyewear, Gas Containment, Lab Equipment, Measurement Instruments, Medical Devices, Medical/Nursing Services, Motorsports/Racing, Music Tour, Oscilloscopes, Photographers, Project Management Services, Surgical Supplies, and Translation Services.
 

SEE THE SAVINGS—MULTIPLIED

It is important to note that the savings on import duty and import taxes when using an ATA Carnet is significant and an ATA Carnet used into and out of multiple countries increases the savings.  Some of the ATA Carnets within this case study group listed anywhere from 2 to 12 countries on their itineraries, increasing the savings ATA Carnets provide exponentially. 

The ATA Carnets issued in 2024 for the above industries from the U.S. into Peru, Saudi Arabia and the Philippines had $6,762,264.75 in total value, with approximate savings on import duty and tax of $2,478,829.35.  Remember, this doesn’t include the savings on import duty and tax into the other countries on their itineraries.    
 

THE WORLD SEES THE SAVINGS

Last year, a total of 204,224 ATA Carnets were issued worldwide, allowing goods worth $32 billion to avoid duty and tax while those companies expanded into new markets, grew economies, and created jobs.

Do you see an opportunity to expand your business globally?  There are 90+ ATA Carnet Countries and Territories you might consider.  
 

It Matters Where You Get Your Carnet

Based on 1,235 Trustpilot reviews we are rated 5 stars – Excellent. 

Boomerang’s Carnet Specialists provide expert customer service.  We are here to assist you 24/7, just call the Carnet HelpLine® 1-800-ATA-2900 |1-800-282-2900 or email us.  

Ask about our new Boomerang Freight® Solutions service when you call or email us.   

View ATA Carnet videos and subscribe to our YouTube channel!

Register for an account now.