Bahamas Import Tax and Customs Fees
The Bahamas applies both import taxes and customs fees based on the type, value, and category of goods. These duties are calculated using the CIF (Cost, Insurance, and Freight) value, which includes the product cost, insurance, and shipping fees. Additional fees, such as VAT, may apply depending on the product and quantity.
Overview of Customs Duties in the Bahamas
The customs duty rates in the Bahamas vary widely across product categories. Understanding these rates can help you avoid unexpected costs and streamline the import process. Import taxes and customs fees apply to items such as electronics, clothing, food, and vehicles, with each category subject to different rates.