Dominica exempts excise tax on motor vehicles to improve island’s tourism

Read us | Listen to us | Watch us |Events| Subscribe | Our Social Media|

Afrikaans Afrikaans Albanian Albanian Amharic Amharic Arabic Arabic Armenian Armenian Azerbaijani Azerbaijani Basque Basque Belarusian Belarusian Bengali Bengali Bosnian Bosnian Bulgarian Bulgarian Cebuano Cebuano Chichewa Chichewa Chinese (Simplified) Chinese (Simplified) Corsican Corsican Croatian Croatian Czech Czech Dutch Dutch English English Esperanto Esperanto Estonian Estonian Filipino Filipino Finnish Finnish French French Frisian Frisian Galician Galician Georgian Georgian German German Greek Greek Gujarati Gujarati Haitian Creole Haitian Creole Hausa Hausa Hawaiian Hawaiian Hebrew Hebrew Hindi Hindi Hmong Hmong Hungarian Hungarian Icelandic Icelandic Igbo Igbo Indonesian Indonesian Italian Italian Japanese Japanese Javanese Javanese Kannada Kannada Kazakh Kazakh Khmer Khmer Korean Korean Kurdish (Kurmanji) Kurdish (Kurmanji) Kyrgyz Kyrgyz Lao Lao Latin Latin Latvian Latvian Lithuanian Lithuanian Luxembourgish Luxembourgish Macedonian Macedonian Malagasy Malagasy Malay Malay Malayalam Malayalam Maltese Maltese Maori Maori Marathi Marathi Mongolian Mongolian Myanmar (Burmese) Myanmar (Burmese) Nepali Nepali Norwegian Norwegian Pashto Pashto Persian Persian Polish Polish Portuguese Portuguese Punjabi Punjabi Romanian Romanian Russian Russian Samoan Samoan Scottish Gaelic Scottish Gaelic Serbian Serbian Sesotho Sesotho Shona Shona Sindhi Sindhi Sinhala Sinhala Slovak Slovak Slovenian Slovenian Somali Somali Spanish Spanish Sudanese Sudanese Swahili Swahili Swedish Swedish Tajik Tajik Tamil Tamil Thai Thai Turkish Turkish Ukrainian Ukrainian Urdu Urdu Uzbek Uzbek Vietnamese Vietnamese Xhosa Xhosa Yiddish Yiddish Zulu Zulu
Dominica exempts excise tax on motor vehicles in Efforts to improve island’s tourism
Commonwealth of Dominica's Prime Minister, Roosevelt Skerri
Written by Harry S. Johnson

In the most recent assembly meeting, the Commonwealth of Dominica’s Prime Minister, Roosevelt Skerrit, announced that the government would free import duties and excise tax on motor vehicles. Under this new policy, taxi operators, who could only purchase old vehicles due to high import taxes, will now be able to buy new vehicles.

According to Minister of Tourism, International Transport and Maritime Initiatives, Janet Charles, this move will also contribute to making Dominica the top tourism destination in the region by providing resorts with the means to invest in luxury vehicles.

“It is important to improve our motor vehicle fleet, people must be transported in comfort while they experience the ride from the airport to the hotel or everywhere else in the country,” Charles noted.

“From now, they are allowed to get these benefits on two vehicles in five years, and they will be released from an excise tax of 28% per cent and import duty on the luxury vehicle which is approximately 40%,” Prime Minister Roosevelt Skerrit said during the assembly.

In recent years, Dominica has been internationally heralded for its efforts in promoting eco-tourism. The island is home to several sustainable resorts from the likes of renowned hoteliers like Kempinski, Hilton and the Marriott while also bolstering unique boutique properties like Secret Bay and Jungle Bay that prioritize the natural environment. The island is also hoping to become the world’s first climate resilient nation, as pledged by Prime Minister Skerrit following 2017’s Hurricane Maria and supported by Dominica’s Citizenship by Investment Program. The Program enables foreign investors and their families to make an economic contribution to the country through either a government fund or investing in real estate property in exchange for citizenship.

Introduced in 1993, Dominica’s CBI Program is considered the world’s best by the annual CBI Index report. The study provides a comprehensive ranking of all government-legislated CBI Programs and has ranked Dominica as the best destination for the last four consecutive years. The report, conducted by experts at the Financial Times’ PWM magazine, cites the Program’s efficiency, affordability and attention to due diligence as some of the reasons for its ranking.

Print Friendly, PDF & Email