Somalia uses the Harmonized System (HS) Customs Code to classify goods for tax purposes.  Unless imported goods qualify as aid or have prior approval for tax exemption, all imports are subjected to import duty at entry based on the Customs Tariff Schedule annexed to the Somali Customs Tariff Law of 2022.  It is important to get the latest updates on tariffs before importation.  Somalia currently has the lowest taxation in the region.  Value Added Tax (VAT) and other fees and charges may apply to specific consignments.  According to the recent Somali Customs law, import duty is assessed on the Cost Insurance Freight (CIF) value of the good.  VAT and other fees and charges are assessed on CIF + duty.  An existing Financial Management Information System (FMIS) provides basic revenue receipting and Tax Identification Number (TIN) generation functionalities for Inland Revenue collections.