Bahamas
2024-2025 Duty Rate Updates
As of July 1st, 2024 duty rates for a few items were updated. These are the few changes that stood out, but following them is a summary of the 2024 Tariff Amendment that highlights additional updates.
| Item | Old | New |
|---|---|---|
| Fire Extinguisher | 25% | Free |
| Bed Linen | 30% | 15% |
| Unmanned Aircrafts | 45% | Free |
Summary of Tariff Amendment 2024
The duty rate for “Seaweeds and other algae, fit for human consumption” (1212.2100) went from 35% to free.
The tariff code for cleaning items such as OxiClean and Pine-sol (3402.9000) was removed and replaced with 3402.9090. This change was to accommodate a new tariff code for “Laundry Detergent Sheets” (3402.9010) which is duty free.
The tariff code for Trimmer Line and Splash Sticks (3916.9000) was removed and replaced with 3916.9090 and the rate went from 45% to 5%. This change was to accommodate a new tariff code for “Glass fibre reinforced polymers composite rebars” (3916.9010) which is also 5%.
The description for tariff code 3917.3210, which was “Biodegradable drinking straws” is “Compostable drinking straws”. It remains duty free.
The tariff code for containers made of plastics such as CD Cases and Storage Bins (3923.1000) was removed and replaced with 3923.9090. This change was to accommodate a new tariff code for “Compostable and biodegradable food ware with lids, of the kind used in restaurants for packaging of food” (3923.1010) which is duty free.
Four tariff codes (3923.2110, 3923.2120, 3923.2910, 3923.2920) representing plastic shopping bags and biodegradable plastic bags were removed. These items were added to the prohibited list.
The rate for “Compostable plastic bags” (3923.2130, 3923.2930) went from 45% to free.
Two new tariff codes were added to the plastic tableware and kitchenware heading. “Compostable or Biodegradable food utensils; forks, knives, and spoons” (3924.1040) and “Compostable or Biodegradable plates, cups, other food ware” (3924.1050). Both are duty free.
The duty rate for other types of paper bags (4819.3090, 4819.4090) went from 45% to 10%.
The duty rate for Bed linens of all material types (6302.1000 - 6302.3900) went from 30% to 15%.
A new tariff code was added for “Combined refrigerator- freezers, fitted with separate external doors or drawers, or combinations thereof” (8418.1000) with a rate of 35%. Tariff codes 8418.1010, 8418.1090 also representing refrigerators (8418.1010 being of the household type) were removed. This was likely done to remove conflicting classifications as 8418.2100 and 8418.2900 represent household refrigerators. The rate for household refrigerators is now clearly duty free.
The duty rate for Fire Extinguishers (8424.1000) went from 25% to free.
The tariff code for items such as TV Parts and TV Mounts (8529.9000) was removed and replaced with 8529.9090. This change was to accommodate a new tariff code for ‘Parts suitable for use solely or principally with the apparatus of Headings/ Subheadings “8525.8100”, “8255.8200”, “8525.8300”, “8525.8900”’ which is duty free.
The duty rate for Unmanned Aircrafts of all types went from 45% to duty free.
The description for tariff code 8903.9320 was changed from “Other” to “Rowing boats and canoes”.
TARIFF (AMENDMENT) BILL, 2024