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-EXTRAORDINARY
OFFICIAL GAZETTE THE BAHAMAS PUBLISHED BY AUTHORITY
NASSAU 30'h June, 20 I 0 (A)
. ' ;.
.,
TABLE OF CONTENTS
Act No. TITLE
I I The Tariff (Amendment) Act, 2010
12 The Excise (Amendment) Act, 2010
13 The Stamp (Amendment) Act, 20 J 0
I ' •
PAGE
2
10
15
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i~-~~~·! 1" ~: . J ...... -
/ "': '
...-; .. :~· ....... \•
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~0 : 11
TARIFF (AMENDMENT) ACT, 2010
AN ACT TO AMEND THE TARIFF ACT
Enacted by the Parliament of The Bahamas.
1. Short title.
I h1-; \d "lu.:h .1111\:llll'i lh~ l.ullf :\~:t' mav he ..:it~d as the l"arill ( ,\mcndmcnt l ,,~, :o1o.
2. /\mends First Schedule to the principal Act. .. , I f•.: h''' Sdh:dul.: lnlhc pnn.:ipal,\cl ls :uncndnl - ·
• .11 b~ mscning. unnH.:Jiatcl~ alter lh~ laritf Trad~ ~o ... I~ 11 'lfl~ll"' . ~~~~ l(>lluwing - -
L\IHI'f' IIEAOINC;
L\IUH I TARIFF I>ESCIHI'TION TRADE
i'\0. ---1211.9030 I krbal I~=~~
l ' :"liT FOI~
DUTY
IUTF. UNIT FOit OF <'LASS I Fl·
DUTY C.\I'ION I 1\'C I h .
1 b) hy ins~rting, llllllledi:•ldy .after 1h.: Ltrill' Trade ~''· · ~ 106.1lfl lfl .. _
1he li,llm.,.inl! ·
I':\ RIFF TAIHFF r. \ IH FF UESUUI'TION IJ:'IIIT RAn: t :'lot r Hilt 11 t:A 1)1 N <_; Tl~AJ>E FOR OF ( ~..,,,., ... ,_
:\0. IHJTY I)UT\' C.\ 110:'\i -- t --
2106. •lfl If) I k1h.d lc'.l" J-'lt:C lh ' ,-
\d :'w 17 "' 20ilX
' . '
1":\IHFF
h.:) by deleting the words "35%" appearing in the ..:olttmn "Rate uf Duty'' corresponding to raritr fradc :-Jo. ··JoU6.5000''. and ~ubstituting theretor the word "Free":
1 d) by deleting the words "I 0%" appe3ring in the column "Rate 1)f I )uty" ..:orrcsponding to Tariff Trade Nos. ··500 1.10 I 0" and .. ~60 1.1 020'', and substituting thl!rctor the '"onJ "Free'':
le) hy deleting the words "25%" appeanng in the column "Rate of Duty" ..:om:sponding ro the i":tril'f Trad~ :--In. " h809"1 1 Ut)"'. and ~uhstitut ing there for the '"onJs "I 0% ":
t I) hy deleting the words ··-IS%" appearing in the ..:1llumn ·· ttstc of Duty·· wrrcspunding to the rarill" Trade :-.lo. ·· xSJ7.6200". and .;ubst itutin!! thercfor the words "I 0% ";
( .~) hy in~crtin~. unmeJi<ttcly a tier the Tariff Trade No. ··S:IIlJ.IlJ I 0" the lilllowin!-! ·-
TARIFF I"AIUFF ti N IT RAT F. IJNIT FOR IIE:\I>IiliG 1 TRADE I>ESCIHPTION FOR I OF CLASSIFI
J"AIUFF IIEAI>IN<;
L\IHFF IIJ.::\IHJ'i<;
S7.113
\'0. I>UTY UUTY CATION
X.J I 9. 11J20 ··· l.tnl..kss \\atcr tl~:atcr · r
. I. V. IWo :\o .
1 hl hy dclctin~ the !':trill" l"raJc ~o. ··xSJ9.4900" ;md all cntncs -:nrrc~pondin!! thereto and by 'ubstituting thercfor the followm!! -
T:\IUFF T.\IUFF Gl'iiT RATE t:NIT FOR TI~AOE I>ES('JHPTION FOR OF CLASSIFI-
:-\(). - . I DUTY Ul:TY CATION 85.";<) .jl) --tlthcr: l!S3lJ.-+91 tl · · -Led l.i"ht Bull·;
- - !) ~ J"rcc :'-:1>.:.
SS39.~lJ90 ·'- : -- I >thcr . I . V. -150• :\o.
(i) by deleting all of the subheadings of heading "X7.03" and all the paniculars rdatcd thl.'rctll and substituting. thl.'rcfor the 1(1110\\ ing -
T.\IUFF TARIFF tiN IT 1~,\TE U~IT FOR TI~AOE DESCRIPTION FOI~ OF CLASSIFI-~0. IHJTY OlJTY CATION
'lutor cars and other IIIIIIOr 'chicles •. principally designed for t
the _ tn~mport . ___ of .
pcnons ~other than lhnse uf hcauin~ !17.112), induuing station wagons and racing
____ ., _~,;ars. _ _ 8703. 10 --Vehicles specially
,(esigned lor travding on 'nuw: golf cars and 'imilar.vchiclr.:~ _
Xl!lJ. L~ I o• • --- tio].f cars
X703.1 090" • ---Other
:!703 ~I
- I lthc:r vehicles. with ,park-•gn1tiun internal c:ulllbuslton tcciprocating , pt~lon cngj_Q_c: . _
•• 1 >fa C) lindcr c:apac 11y not C:'(CCCd111" 1.000 CC: - ~. . ::t ___ _
---New motor vcl111:lcs ·--- -- . ----·
:\703.2190.. llybrid mo!~f ~hic:h:s ~703 .22 --Of a cylinder ~:apac1ty
cxcccding I.UOO cc. but no.t c~~l.'ding I ,500 cc~- . .
:<703.221 o-- -- \Jew motor vd11clcs
X703.~~·Jo• • --- 11~ hrid motor
:\703.:3 \Chi\:~~-.. Of a cylinder capm:ll) C:'(CC.:ding 1.500 CC . but
• not c~cc~ing 3.000 lC:
:\703.:31 o•. ·-- :-.:c:w 1110\l'f ~dm:k~
,,I a C) lindcr c:apac•ly ~:'(Cecdmg I .500 cc: hut :wt c:'(Cl.'l.'ding 2.uao ~c: .
X7!lJ';J]~IJ•• --- l hc:d motor \chu.:ks ,,fa c:ylinJc:r c:apac:11~
_ c~csc:ding 1.500 c:c: !'ut
1\o.
Ftce \o.
Fr,·c \ o
~ .. , l·n:c 'lo. ---- · Free \Jo.
l'r~e Nt•.
I rcc
l'rrc
I ICC ~n .
Frc:c :".u.
"''·
nut.:xcccc.Jin~ 2.000 cc.
1 8703.2330• • --- Ncw motor vehicles uf a cylinder capacity exceeding 2.000 cc; but
... not cxce.cding 2.500 cc.
~703 .2340" • 1 :·· IJscd motor vchtclcs of a ~:ylindcr capactty cxcceding 2.000 cc; but
: ~!exceeding 2.500 cc.
1 :!703.2350* • -- Ncw motor vehicles uf a cylinder capacuy cxcccding 2.500 cc: but
__ nut C'<~_e_£ding J.QOO cc.
l!70J 2.?-60 --- lhcJ motor vehic les of a') lindcr capac.:ity
1 .:xcccding 2.500 cc; but nut C~C2Cedingl.,_000 CC.:..
' :l703.2390 .. 1 --- llybrid motor vehicles
--1
S703.24 -- uf a cylinder eap.tctty cx_c_s~d!ng 3.oog cc:
~703 . 2410•• --:'-Jew motor vehicles ·- -X70J .~-r:!O• • -- lj~cd motor vchiclc:s
S703.2·WO• • --- 11) brid motor vehicles
8703.31
~_?p:.U I Ill' • . '
- Other vehicles. with ~•1tnpress10n-ign Jtion intl·rnal combustion pi~ton .:ngine (diesel or ·.cmi-c.Jies~l):
-- t )fa t:ylindcr capactty nut e~~e~ing_!.,_?.OO cc~ _
--- New motor whicles -- --·-.
Fret :---Jo.
Frce
Frcc \Ju.
.,
Free No.
Free ~~~-
\lo
Free 1\:o.
-I , Frce
r rcc t\o.
8703.3190 .. Free No. 1 ••• Hybrid motor vehicles ------ ~-"""''-=~--------'---· __._ _ _ ---
8703.32 ~· •• Of a cylinder capacity exceeding 1,500 cc; but
---- --..!-- . . not exceeding 2,500 ~~c:;__ ________ ____ _
· 8703.321 ou ! -- New motor vehicles I of a cylinder capacity
Free No.
i exceeding I .500 cc; but . _ - -+--·-___ ____,!~not exceeding 2.000 ..:..cc;;.;.._.__ __________ _
I
' 8703.3220 .. I ··· Used motor vehicles ! of a cylinder capacity I
Free No.
'· -----_ _L_ ·---1
: c.:xceeding 1,500 cc; but I ! not exceeding 2,000 cc. -+1---!- __ ... , ____ __)
, : 8703.3230 .. , ••• New motor vehicles i of a cylinder capacity
f ree No.
1 exceeding 2,000 cc: but : ·---- - r- 1 not exceeding 2,590 c~:..- -L-___ !__ __ ..:..J_ _ _ ___,
! 8703.3240 .. 1--· Used motor vehicles · of a cylinder capacity
Free No.
1 exceeding 2.000 cc: but ; __ - -·-- -1-- _____ ...,; ..:.:n..:;.ot:...e:;;.x:.::;c..:;.ee::.:d:.:.:in~g._,2::.:•=-50::..:0:...c.:.:c;.:.. _.__
: 8703.3290 .. I ·-· Hybrid motor Free No. ___ ·-- · _ __
1 vehicles
X703.33 ' -· Of a cylinder capacity ... ~~CE~~ing 2,500 cc:
' •1
S703.33 10 .. I - - New motor vehicles : -~-
Free No.
. _ .. ___ ~703.3320 .. t--:-.· Uscd~m~o~to~r_;v:.::e:.:.:hi:C:::.:.::Ie.:..s -+---.._..:;.F.:..:ree:.:::....__.__.....;N:..;.o~.'--1 I
j 8703.3390 .. I ---Hybrid motor 1 I vehicles
Free No.
1 i 8703.90 ·Other:
1-----+------'----------~---+---4----~
! ____ J703.9010** 1--- New motor vehicles Free No.
I . ! L_ ____ .. ___ !._EQ3.9~~0 .. -+-=· __ U::.:s~e:.::d~m:.:.:o::.:t.:::or:..-v.:..:e:.:.:h~ic:.:;le~=s;__..__ __ -+-_..:...:.::.:.-~_.:...;.;:.:_~ I I • ' I
; ' 8703.9090 .. I -·· Hybrid motor
Free No.
Free No. vehicles _l ..
Page- 6
TAI~Iff
llf.t\I>ING
1!7.04
I 1) hy deleting all of the subheadings 11f heading ··x7 .04 .. and all the particulars related thereto nnd substituting therclor the following - -
TARIFF TRADF. ~0.
TARIFF DESCRIPTION
Motor vehicles for the . transport or goods.
1!704.1 ooo• • : - Oumpcrs designed tor ;~~!l~!~gh~y ~~c
Other. with compressionignition internal
I UNIT FOR I
I>UTY
· ~:ombustion piston engine I . (di~scl ~r -~crni-djescl):
X704.2 )()() .. ; -- g.v.w. not exceeding 5 tonnes .. . . .
X704.22oo•• · ·- g.. v. w. exceeding 5 tonnes hut not exceeding 20tonncs ·- ~-- -
X70-t.2100*• • -- ;:.v.w. exceeding 20 _ . ~nnes _ _ . _
- Other. with sparkignition internal ~_,unbustion p1ston
. ~ng•nc::
X7fl-11 too•• 1 - - g.v.w. not exceeding 5 l1lllnes
X704.3200• • ·- ;;. v. w. exceeding S lttllllCS
: X704.•JOoo· • . tl!IH:r
llATf. U~IT FOR Of , CLASSIFI
I~UTt__ CATION
- - 1-.. • ... - I
Free !>..In.
Free No.
Free ' (
Nn.
Free \lo.
Free No.
Fn:c ~0.
!j:cc __ . _ .'lo.
( k) hy Jdctin~ the wnrds "'I 0% .. appearing in the column "'Rate of Duty"' l:tiiTCsponding to Tarill' frnde Nos. "'3925.~0 I 0": "'-1~ I H. l 0 I ff': ··if1l 0 . 10 I 0". and substitutin!! there tor the Wtlrds '";5.,/n ..... . '
Page - 7
3. Amends Fourth Schedule to the principal Act.
l':trt 13 of the Fourth Schedule is amended-
!a) by renumbering item 2 as subitem (I) and inserting, immediately .llicr -;uhitl!m (I), the following new sub item (2)-
·1 2) .-\ ircrall parts tor use of aircraft nn scheduled :md chartered .ur -;crviccs domestically and internationally.":
1 h l in 1tcrn l(, hv inscrtin!! the li.1llowinu as new -;ubitem ( S) -
.,..; 1 t ·, ,flai!C 11r li)!ht mdustrics means any petty business. very .111all business or .;mall huo,;incss as n:lcrrl·d to in section ..j of the I !usun:ss l.it.:em:c Act 1 < 'h 3.:1}). ":
1 ~ 1 in 11cm 2 7. hy dclctinl! parauraph 1 :xxiv 1: ami
td) by inscfllll)l. immediately after item J.l. the tilllowing new items
"34. Spurtin~ Ettuipmcnt.
Sporting ~o:quipmcnt ti.1r the use of schools and sporting.. associations.
35. Arawak Cay Port.
Building supplies and equipment import~d Ji)r the constmction and equipping of the Arawak Cay Port for a period or three years commencing the l" day of July. 20 I 0 and ending the 30'h day of June. 2013.":
(c) by inserting immediately at the end of the Fou11h Schedule. the following -
"REDUCTION OF UUTY
,\ny business. registered under Item 8 of Part B with the :vtinister of Finance, which has received an exemption for the period of five ~cars. shall apply tor a certificate providing tor a reduced rate of Juty of I 0% un such materials. supplies and equipment as th~
Minister of Finance may approve.".
' ·~
EXCISE (AMENDMENT) ACT, 2010
Arrangement of Sections
Section I. Shorttitlc .......................................................... .............................. ........................ :? 2. Amendment of First Schedule to the principal Act... .................. ................. .. ...... .. :! 3. Amendment of Second Schedule to the principal Act... ........................................ 5
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