Seeking to level the playing field for Bahamian-owned and foreign-owned vessels operating in the local water sports and sport fishing industries, Minister of Transport and Housing JoBeth Coleby-Davis yesterday announced that vessels imported into The Bahamas for those purposes will pay a first-time registration fee in lieu of import duties and value-added taxes.
Source: thenassauguardian.com
Latest Posts in "Bahamas"
- Bahrain NBR Releases Updated VAT Guidelines for Transportation Sector, September 2025
- VAT Updates in the Bahamas: Reduced Rates for Essentials and Other Amendments
- Bahamas VAT Act (July 1, 2025)
- Bahamas Reduces VAT on Medicines and Essential Goods to 5%
- Bahamian PM Announces VAT Reduction on Essential Items Including Medicines and Hygiene Products
