Customs Tariff Amendment (No. 2) Act
Simplified for You
What this bill does
This bill updates Bermuda's list of import taxes and duties that people and businesses must pay when bringing goods into the country. It replaces the old tariff schedule from 1970 with a new one that will take effect in April 2022.
If passed (voted YES)
- Import duties and taxes on various goods coming into Bermuda will change according to the new tariff schedule
- Businesses and individuals importing goods will need to follow the updated rates and classifications when paying customs fees
- The new tariff structure will be accessible online through the government portal for easy reference
If rejected (voted NO)
- The current import duty rates and classifications from the existing 1970 tariff schedule would remain in place
- No changes would be made to what people and businesses pay when importing goods
- The tariff system would continue operating under the older framework
Who it affects
This affects anyone who imports goods into Bermuda, including businesses that bring in products to sell, online shoppers receiving international packages, and travelers returning with purchases from abroad.
Parliamentary Vote
Dec 10, 2021
Customs Tariff Amendment (No. 2) Act
House of Assembly
Passed
## What this bill does This bill creates a new customs duty discount for fuel companies operating at St. George's Oil Docks. It allows the government Minister to set reduced import taxes on certain types of fuel (light oils, kerosene, …
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