Friday, July 20, 2012

Cuba To Hike Tax on Foreign Goods

July 17th, 2012

HAVANA - Cuba will soon implement a new tax on imported goods.

On July 17th the national radio station of Cuba, Radio Rebelde, revealed that the government plans to introduce a new import tax on goods brought into the country.

From September 2012 all Cuban nationals who leave the country more than once a year will be required to pay an import tax of at least 10 Cuban Pesos (CUP) per kilogram of imported goods. Tourists to Cuba will also be liable to pay the tax on commercial goods, which will be imposed upon their first arrival.

Currently, the import taxes on goods brought into the country are set at 0.50 CUP per kilogram, with pre-set duties for selected items, such as kitchenware and televisions.

The tax changes were first revealed in the Gaceta Oficial de Cuba, and were dated July 2nd.

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