{"id":121369,"date":"2020-12-19T14:06:03","date_gmt":"2020-12-19T18:06:03","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=121369"},"modified":"2020-12-19T14:06:03","modified_gmt":"2020-12-19T18:06:03","slug":"dominica-exempts-excise-tax-on-motor-vehicles-to-improve-islands-tourism","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/dominica-exempts-excise-tax-on-motor-vehicles-to-improve-islands-tourism\/","title":{"rendered":"Dominica exempts excise tax on motor vehicles to improve island\u2019s tourism"},"content":{"rendered":"
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In the most recent assembly meeting, the Commonwealth of Dominica\u2019s 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.<\/p>

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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.<\/p>\n

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\u201cIt 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,\u201d Charles noted.<\/p>

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\u201cFrom 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%,\u201d Prime Minister Roosevelt Skerrit said during the assembly.<\/p>

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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.<\/p>\n

The island is also hoping to become the world\u2019s first climate resilient nation, as pledged by Prime Minister Skerrit following 2017\u2019s Hurricane Maria and supported by Dominica\u2019s 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.<\/p>

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Introduced in 1993, Dominica\u2019s CBI Program is considered the world\u2019s 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\u2019 PWM magazine, cites the Program\u2019s efficiency, affordability and attention to due diligence as some of the reasons for its ranking.<\/p>\n

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In the most recent assembly meeting, the Commonwealth of Dominica\u2019s 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 […]<\/p>\n","protected":false},"author":3,"featured_media":120985,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[118,119,117,116,107,88,102,94,96,91,90,99,92,114,115,98,108,106,104,109,95,105,110,112,113,111,101,103,97],"class_list":["post-121369","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional","tag-268-antigua","tag-268-antigua-barbuda","tag-268-antigua-today","tag-268-today","tag-advertise-in-antigua","tag-antigua","tag-antigua-barbuda","tag-antigua-and-barbuda","tag-antigua-breaking-news","tag-antigua-caribbean","tag-antigua-crime","tag-antigua-economy-news","tag-antigua-news","tag-antigua-news-rooom","tag-antigua-observer","tag-antigua-politics","tag-antiguan-news","tag-barbuda","tag-barbuda-news","tag-barbudan-news","tag-breaking-news-antigua","tag-news","tag-news-antigua","tag-news-antigua-barbuda","tag-news-antigua-and-barbuda","tag-news-barbuda","tag-news-in-antigua","tag-news-in-barbuda","tag-tourism-news"],"yoast_head":"\nDominica exempts excise tax on motor vehicles to improve island\u2019s tourism - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/dominica-exempts-excise-tax-on-motor-vehicles-to-improve-islands-tourism\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Dominica exempts excise tax on motor vehicles to improve island\u2019s tourism\" \/>\n<meta property=\"og:description\" content=\"In the most recent assembly meeting, the Commonwealth of Dominica\u2019s Prime Minister, Roosevelt Skerrit, announced that the government would free import duties and excise tax on motor vehicles. 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