I am looking into importing a small passenger boat into the D.R. from another Caribbean island. All the posts on this subject mention the requirement you change the flag on the boat to the Dominican Republic and pay the necessary import tax of approximately 42.%. Then obtain the necessary tourism permits.
I have recently spoken to two marine guerrera officals and a tourism official separately, and was stold the following by all three:
If you are a dominican citizen, and setup your tourism business first, then drive the boat here, (not have it shipped in a container), you can pay $7,500 to obtain permission to use the boat for one year for commerical purposes. Then the second year, you wil have to pay a much smaller tax, and so on and so on.
Does anyone know this to be true?
For some boats, this is obviously a much cheaper route than changing flags and paying a 42% import tax based on the value that the D.R. govt. assigns to the boat.
I am surprised that this may be an option as it would result in a loss of revenue for the government, but I was told it is to promote tourism here. Thanks in advance for your input. --Cariboo
I have recently spoken to two marine guerrera officals and a tourism official separately, and was stold the following by all three:
If you are a dominican citizen, and setup your tourism business first, then drive the boat here, (not have it shipped in a container), you can pay $7,500 to obtain permission to use the boat for one year for commerical purposes. Then the second year, you wil have to pay a much smaller tax, and so on and so on.
Does anyone know this to be true?
For some boats, this is obviously a much cheaper route than changing flags and paying a 42% import tax based on the value that the D.R. govt. assigns to the boat.
I am surprised that this may be an option as it would result in a loss of revenue for the government, but I was told it is to promote tourism here. Thanks in advance for your input. --Cariboo