Import duties in The Bahamas

In the Bahamas, import taxes are essential to keeping the government’s income stream stable. The income coming from these tariffs is a major part of the budget system in any country as this country is import dependent due to low domestic production. Taxes on imports are revenue resources that help sustain vital industries such as […]

Exporting goods from The Bahamas – full guide

The Bahamas is presently in the process of transitioning from its traditional tax base of a Duty-based economy to an alternative tax such as V.A.T.  Presently, Customs is the primary agency for collecting duty and taxes on imports and exports. Additionally, Customs is tasked with collecting statistical data on imports and exports, policing the borders, […]