Although they are duty free, they may still have other costs such as VAT and environmental levy. Click here to learn how to calculate customs charges or use our calculator to see fees. Tariff Rates: The Bahamian Government raises 60 percent of its total revenue from import tariffs. On January 1, 2015 the Government introduced value added tax at a … } Chargeable Weight is the weight that a freight forwarder uses to determine the amount to charge for freight. + Bahamas Customs Processing 1% on the value of the items (Minimum $10 – Maximum $500) mof_content/internet/CUSD/Government/Tariffs and Various Taxes Collected by Customs/Tariff Search/Tariff Search, mof_content/internet/CUSD/Government/zzzzTop Left Nav, Tariffs and Various Taxes Collected by Customs, mof_content/internet/CUSD/Government/zzzzLeft Nav of CUSD Government, Entry of Goods for Exportation or for Use As Stores, Prohibited and Restricted Imports and Exports, Rates of Duty for Frequently Imported Items, Exemptions and Concessions Offered by the Ministry of Finance, Caribbean Customs Law Enforcement Council, Electronic Customs Information System (eCAS), Rates and Duties for Frequently Imported Items. text-align: center; When the effectively applied rate is unavailable, the most favored nation rate is used instead. Please choose a letter to see the duty rates. overflow: hidden; .load_more4 { When the customs duty rates are updated, the government releases and amendment to The Tariff Act and that amendment specifies which duty rates by HS codes are to be changed. The exception is fresh fruits and vegetables as well as anything that is … It is the greatest amount between the actual weight of a package and the dimensional weight. More Videos…, Click2Clear: Business Registration Tutorial, Copyright 2020 © The Bahamas Customs Department, Prohibited and Restricted Imports and Exports, SERZ Order Extension Guide (Grand Bahama…, Disaster Reconstruction Authority (Special Economic Recovery…, COVID-19 Emergency Orders and Powers, 2020, 2020/21 Budget Debate: COVID-19 Procedures, Customs Management (Amendment) Bill, 2020, Customs Management (Amendment) Regulations, 2020, FORM NO. The Bahamian Government raises over 50% of its revenue from import tariffs or duties. Customs Warehouse; Tariffs and Various Taxes Collected by Customs. Imports in Bahamas averaged 690.16 BSD Million from 2002 until 2020, reaching an all time high of 996.60 BSD Million in the second quarter of 2018 and a record low of 373.30 BSD Million in the third quarter of 2002. In addition to the Duty, you now need to include Value Added Tax (VAT), which 12%, Processing Fee of 1%, and a minimum of $10 in some instances, and Environmental Levy where appliable. .video-element_2 .image-block_2 img { P.O. font-size:19px !important; margin-top: 25px; left:0; .video-element_2 .image-block_2 .play-icon.youtube-icon {background:url(https://www.bahamascustoms.gov.bs/wp-content/plugins/gallery-video/assets/images/admin_images/play.youtube.png) center center no-repeat;} In The Bahamas, customs duty may also be referred to as: Import Tariffs; Customs Pricing; Duty Rates; Import Taxes; or simply Customs; Customs duty is a tax, and the rates for the customs duty in The Bahamas range from 0% to 220%. Customs Duty V.S. border-radius: 10px; } Available initially for the U.S. market Today’s Bahamas is different. .video-element_2 .image-block_2 a {display:block;box-shadow: none !important;} } Please support with documentation, and kindly note that this duty-free approval is for equipment/machinery is valid for ONE-TIME use only 2. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. Bahamas Customs regulations and procedures for importing and exporting goods at Bahamian border. This form is reserved for applicants seeking customs duty concessions for a new vehicle to be used as a Taxi/Livery/Tour Car/Omnibus. color:#B82020 !important; background: rgba(0,0,0,0.8) !important; cursor:pointer; color:#FF4040 !important; Includes information on average tariff rates and types that U.S. firms should be aware of when exporting to the market. Valued Added Tax (VAT) color:#C02121; The basic ad valorem tariff for imported goods is 35% but, given the growing list of zero-rated items, the average tariff rate is 19%. width:100%; } 7.General or Preference Rates of Duty. Guide to Customs Duty Rate Reductions. Common Rates of Duty; Duty Calculator; Tariff Search; Exemptions and Concessions; Other Taxes; Visitors. Click here to learn how to calculate customs charges or use our calculator to see fees. + Bahamas Customs Processing 1% on the value of the items (Minimum $10 – Maximum $500) 30lbs and over: $.99 per lb. Tariff; Various Taxes Collected by Customs; Tariff Search; Information for Travellers. 45%. The basic ad valorem tariff for imported goods is 35% but, given the growing list of zero-rated items, the average tariff rate is 19%. 7.General or Preference Rates of Duty. Requires Registration. The Importation rules and regulation in the Bahamas imposes the following import tax rates: Import duty is 65% of Free On Board price TAX: There is a 2-7 percent tax applied on CIF + duty. + Bahamas Customs Processing 1% on the value of the items (Minimum $10 – Maximum $500) + $25 Documentation Charge (maximum 10 line items) } Customs Duty Free Customs Duty Free Items are the items that have a duty rate of 0%. On January 1, 2015 the Government introduced value added tax at a rate of 7.5%. © 2011 The Official Website of the Government of The Bahamas. K. Peter Turnquest launched The Bahamas Customs and Excise Department’s public education campaign for the Customs Modernizati > more Clothing Accessories ( Tie Clips. 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