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The Import Duty of the Vehicles in Bahamas
The Bahamas is a beautiful rich island, which comprises of more than 700 small islands and cays located off the coast of Florida. The people of Bahamas are warm and friendly with a unique culture.
Bahamas is one of the wealthiest Caribbean islands with good per capita income. There are many people, who import cars from the US to this country. If you are planning to import a vehicle to Bahamas from the US, you can find many car dealers who are arranging export cars, without any hassles.
There are certain rules and regulations for importing a car from the US to Bahamas. The car should be insured if you are planning to import it to Bahamas. The headlight of the car should be adjusted if the vehicle is imported from any country that prefers a right hand drive. Once it reaches the country, it has to be taken directly for inspection and licensing to the Road Traffic Department.
You can do research at the various auto expo websites or can approach any of the numerous car rental offices or dealers for leasing, purchasing or renting of cars. Many car dealers are also dealing the import of used cars to Bahamas from the US.
You have to pay a 35 % or more import duty for all the vehicles imported to Bahamas. Usually custom duty for the vehicle depends on its value. You have to pay a duty of 45% for the vehicles valued at $10,000 or less and 50% tax for the vehicles that have a price range of $10,000-$20,000. The duty of the vehicle must be 65% if the value is about $20,000-$25,000 and 75% if the vehicles cost more than $25,000.