2001News

Talks continue to lower taxes on vehicle imports

The Customs Department has made a counteroffer to vehicle importers. Vehicle importers asked the government to increase the tax exemption on vehicles from the present US$10,000 to US$20,000. Customs is offering to increase the exemption to only US$15,000. This would mean vehicles from US$15,001-US$30,000 would pay a Selection Consumer Tax (ISC) of 15%, those from …