-EXTRAORDINARY

OFFICIAL GAZETTE THE BAHAMAS PUBLISHED BY AUTHORITY

NASSAU 30'h June, 20 I 0 (A)

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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

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10

15

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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

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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 ..

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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 ..... . '

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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.".

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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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