The Government of the Commonwealth of The Bahamas offers exemption waivers for duties on New Vehicle to be used within the transportation industry to encourage industrial development.

Applicants are encouraged to apply for the relevant exemption prior to the item entering The Bahamas.

Eligibility

All locally-based Individuals within the transportation industry who wish to import a new vehicle to be used within the transportation industry such as Taxi/Livery/Tour Car/Omnibus are eligible for this exemption.

Process

1. Submit a completed application form along with the originals and copies of supporting documents to the Revenue offices. Family islands applicants can submit the application to the local administrator and collect approvals/rejection from the local administration office.
2. A representative from the Ministry of Finance, Revenue Unit and Industry will review the application and, if necessary, request omitted information and documentation.
3. The Ministry will contact the applicant via phone to inform them that the document is ready for collection.
4. The Ministry will hold the document for one day after which the approval/rejection is mailed out to applicant.
5. Once approved the applicant can then use the exemption document to present to customs or the local dealership for clearance of the vehicle.
6. Note: Entities not eligible to receive an exemption from custom duty will be notified when they collect their documents at the Office or in the mail. Applicant can contact the Revenue office to inquire as to the reason for their ineligibility.
7. If rejected the applicant is required to pay the normal duties stipulated by the customs department.

Application Form(s)

Application for customs duty exemption under item 14 part B of the fourth schedule of the tariff act

Supporting Documents

• Franchise Letter;
• Valid Business Licence;
• Confirmation Letter from National Insurance indicating that contributions are current;
• Invoice/Pro forma Invoice of Vehicle – Note the invoice must show the Vehicle Identification Number.

Turn-around time

Within two weeks from the date submission of a completed application for exemption from customs duty, including all required supporting documentation, a representative from the Revenue Office will contact the applicant via phone.

Deadline

All exemptions are valid for a period of one year from the date of approval. If the serial number (VIN number) of the vehicle changes then another application must be submitted and the original approval must be returned to the Ministry of Finance.

Related Fee(s)

There are no related fees for this service.
 

Local Administrator Offices