The rates of duty in the rates of duty columns designated 1 general and special and 2 of the tariff schedule apply t o goods. Check out the duty rates on commonly imported items. Customers presence is required for customs clearance. Commonwealth of the bahamas 201819 budget communication implementing the governments policy agenda and securing core fiscal objectives presented to the honourable house of assembly by the hon. Tariff heading and statistical numbers see rule 6 of the rules for the. Deputy prime minister and minister of finance on wednesday, 30th may 2018. Mode of calculating ad valorem duty in certain cases. Deeds of gift and other voluntary transfer of property. How ad valorem duty to be calculated in respect of. Schedule items exempt from customs duties bait and feed bone fishing vessels and engines. Customs accepts xls, pdf, doc, or csv formats for declarations, however in the. Customs duty rates have been reduced due to the implementation of vat and is calculated on the actual duty and not duty liable. The standard ad valorem tariff for imported goods is 35%, but a many items have their own duty rates. Port datetime field name of vessel nationality document noregistration no.
About 70% of government revenue is derived from the duties which apply to. The exception is fresh fruits and vegetables as well as anything that is illegal in the us. Common rates of duty the bahamas customs department. The government of the commonwealth of the bahamas offers exemption waivers for duties on the raw materials to encourage industrial development and promote investment. Duties and taxes general department of customs and. Rates of duty for frequently imported items collecting and protecting the revenue of the bahamas bahamas customs department linen bed 30% linen kitchen 30% linen table 10% lotion 45% luncheon meat beef slicedunsliced free ham slicedunsliced free turkey slicedunsliced free other including mixtures slicedunsliced free. Bahamas participates in world investment forum 2014. Box 155, nassau, the bahamas from the first foreign port of call after leaving the bahamas. Effective january 1st 2015, certain customs excise and tariff rate reductions will take effect to. Duty information and regulations for importing cars into the bahamas. Raw materials that are not assigned for duty free exemption under the encouragement act are eligible for.
This report presents data on the volume and nature of trade between the bahamas and its trading partners. The collector of customs may grant an importer who is an eligible beneficiary relief from the duty imposed under section 22 in accordance with the conditions and criteria and subject to the payment of duty at the applicable rate set out in the fifth, sixth or seventh schedule. Ministry of financial services campbell maritime centre west bay street p. Us traveler can bring most anything into the bahamas for personal use. The value declared must be in accordance with the bahamian valuation standard as required by section 86 and the third schedule of the customs management act. Importing personal property into bahamas household goods and personal effects customs regulations and required documents customs regulations. Mode of importation insert 0 if goods are imported by air or 1 if imported by sea. Free gifts or promotional items must be taken into consideration as must personal goods. The ministry of finances top official yesterday admitted there is substantial revenue loss from fraudulent invoices that are impacting up to 29 percent of the bahamas trade.
Other information can be found on the official bahamas customs website. Exemption from customs duty used vehicle application for customs duty exemption under item 14 part b of the fourth schedule of the tariff act this form is reserved for applicants seeking customs duty concessions for a used vehicle not older that three 3 years to be used as a taxiliverytour caromnibus. It was one of a number of reductions in customs duty rates ingraham listed during the budget debate monday. Duties and taxes are levied on any imported and exported goods before releasing them from customs. When general rates are declared, insert 1 when preference rates are declared, insert 0. Original service 2001 statute law of the bahamas 2. The source of truth for all tariff rates and classifications can be found in the tariff act. Carlietha fox wins post office employee of the year. The collector of customs shall refuse to grant an importer. Customs headquarters freeport freeport, grand bahama, the bahamas tel. Download bahamas customs duty rates pdf 2017 download pdf forecast operations file type pdf.
All entries must be completed in ink or typewritten. Our commitment is to ensure you are paying the correct duty rates and remain in compliance with all government agencies and providing you with the receipts to back up your shipments. To access the frequently imported list, click here. It was created to make finding duty rates and related information easier. The flatrate provision and dutyfree exemptions may not be exercised more than once every 30 days. The department of statistics is pleased to announce the release of its 2005 foreign trade figures. A tax being defined as money expropriated through the use of physical force i. Rates of duty for frequently imported items collecting and protecting the revenue of the bahamas bahamas customs department linen bed 30% linen kitchen 30% linen table 10% lotion 45% luncheon meat beef slicedunsliced free ham slicedunsliced free turkey slicedunsliced free. The percentages by duty ranges add up to 100 per cent for mfn applied duties unless there are noncomputable.
Raw materials that are not assigned for duty free exemption under the encouragement act are eligible for consideration at a reduced rate. In addition to the security equipment exemption, rates were reduced on a number of food and other consumer items, medical. Consolidate your packages, calculate shipping and vat. There is also a customs user fee of 4 percent and customs formality charge of 2%. Rates and duties of frequently imported items bahamas customs. The following is a summary of the reductions that will take effect, and what the current rates of duties are on such items. Packages not collected within 7 days of arrival, will be charged storage fee for everyday thereafter. General or preference rates of duty when general rates are declared insert 1. Page 1 of 543 the government of the bahamas home 212011.
Effective january 1st 2015, certain customs excise and tariff rate reductions will take effect to coincide with the introduction of vat. Bahamas customs department home consumption entry business. The goods specified in the schedule used by fishermen registered with the minister responsible for fisheries in the commercial fishing and bone fishing industries shall be exempt front customs duties. The following is a summary of the reductions that will take effect. There are different types of duties and taxes collected by customs. Duty on all household furniture will decrease from 45 per cent to 25 per cent with effect from july 1, while home refrigerators of 18 cubic feet or less will become dutyfree. For further information, please visit our customs website at. Value added tax act, 2014 an act to provide for the imposition assessment and collection of value added tax on the supply and importation of goods and services in the bahamas and for connected matters enacted by the parliament of the bahamas part i preliminary 1. December 30, 2014 ministry of finance guide to customs duty rate reductions.
Customs tariff 201718 chapter tariff heading existing description of goods existing provision new description of goods if applicable existing provision existing duty rate new duty rate effective date notification no. Rates are subject to change at any time without notice. The term customs territory of the united states, as used in the tariff schedule, includes only the states, the district of columbia and puerto rico. Electronic customs information system ecas free trade area of the americas ftaa ports of entry.
Custom duty rates are determined by the value of the vehicle. Arrivals customs and duties for tourist are pretty lenient. Peter turnquest launched the bahamas customs and excise departments public education campaign for the customs modernizati more. Business owners are getting some relief in securing their businesses with the elimination of customs duty on surveillance equipment in the 20112012 budget. Vat is applicable to value, actual duty, processing fees. Table b of annex iii the customs duty rates for imports of. Customs rate on security equipment among duties reduced.
Government imports and exports rates of duty for frequently imported items. Customs duty and the fall of the bahamas the nassau guardian. Deputy prime minister and minister of finance the hon. Evidence of duty payment or other customs clearance must be produced. This website is not affiliated with the bahamas customs. Come into a blue postal store and pick up everything at once.
Capital duty certain electricity and water services no stamp duty stamp duty is imposed at various rates either flat dollar or as a percentage of value on certain instruments and filings, to include bonds, money orders. Important communication about your fedex rates in 2020 pdf important the new fedex rate sheet will become effective on january 6, 2020. Exemption from customs duty used vehicle application for customs duty exemption under item 14 part b of the fourth schedule of the tariff act this form is reserved for applicants seeking customs duty concessions for a used vehicle not older that three 3 years to be used as a. Most products are subject to a 17 percent valueadded tax. The customs tariff finder is an online tool to help you find the bahamas tariff rates currently applicable on products of your interest. Bahamas customs department launches new education campaign for its new online portal. Freight cost is calculated by the actual or dimensional weight, whichever is greater. The 2020 rate sheet and the changes in ancillary service fees, special handling fees and other charges that may affect your shipping rates are available at fedex. The frequency distribution includes aves whenever those were calculated. Customs duty rates have been reduced due to the implementation of vat and. Hitting the poorest and the most vulnerable the hardest. All items are subject to taxes and duties including used personal effects. All duty rates are subject to change at a moments notice. Rates and duties of frequently imported items customs.
Effective january 1 st 2015, certain customs excise and tariff rate reductions will take effect to coincide with the introduction of vat. Cargo intended for discharge at other ports or places in the bahamas shall. Part c of this form is to be completed only in respect of pleasure vessels which have been entered for home use in the bahamas. Value the value declared must be in accordance with the valuations of goods for the purposes of the customs tariff as required by section 146 and the third schedule of the customs management act. Price calculator calculate your price bahamas customs. Fraudulent invoices hit 29% of bahamas trade the tribune. Bahamas serices 6 the international specialists services how to ship with dhl express shipping tools zones and rates export services import services domestic services dhl express envelope ecommerce optional services surcharges customs services international ecommerce the explosion in online shopping extends across. As of july 1, 20 all shipments customs introduced a processing fee. There has been discussion of needing to find a new source of taxation, mostly due to the proposed accession to the wto by the bahamas. Subject to this act and any other law relating to customs, duty shall be charged, levied and collected upon all goods imported. The bad news is that there are taxes in the bahamas. The bahamas government also charges a 7% stamp tax on most imports. Theres a lot more to customs clearance than document preparation. The flatrate provision and duty free exemptions may not be exercised more than once every 30 days.