tax

New “Streamlined” Bonaire Visitor Tax Set to Launch

Solving the Caribbean Air Tax Problem

It’s been an issue in the Caribbean for years: air taxes. But now, the tide seems to be turning, with the recent news that the Caribbean Community would be launching a review of taxes and fees on airline tickets in …

Why OLEA is the Cayman Islands’ Hottest Real Estate

The waterfront town of Camana Bay, located just across from Seven Mile Beach, has long been a vibrant destination in Grand Cayman. And now it’s home to one of the Cayman Islands’ newest and arguably hottest real estate offerings, too. It’s called …

Turks and Caicos Extends Stamp Duty Reduction

By Joe Pike, Special Contributor Turks and Caicos has extended its reduced stamp duty, on all real estate purchases of property valued at up to $2 million now through Dec. 20. This story is part of Caribbean Journal Invest, …

How Citizenship by Investment Is Fueling Caribbean Hotel and Real Estate Development

By Joe Pike, Special Contributor Citizenship by investment programs, which confer citizenship for buyers who meet a certain investment threshold, have been quietly fueling a surge in resort and real estate developments across the Caribbean. At the forefront of …

Op-Ed: A New Beginning for Puerto Rico

By Ricardo Álvarez-Díaz Two years ago last month, Hurricane Maria ravaged Puerto Rico, ultimately taking more than 3,000 lives. It also exposed the structural vulnerabilities of existing buildings, and further exacerbated the already painful impact of a more than …

Airbnb Signs Tax Deal with Quintana Roo

Airbnb is making major moves in the Mexican Caribbean. The home sharing giant recently announced the signing of a tax deal with the Mexican state of Quintana Roo, home to the country’s Caribbean destinations like Cancun and Tulum. As part …

Puerto Rico to Hold Major Investment Forum

Puerto Rico is holding its first-ever Invest Puerto Rico Forum next month, Governor Ricardo Rossello announced this week. The forum will take place Sept. 20-21 at the Puerto Rico Convention Center, gathering more than 500 investors and entrepreneurs with an …

How Passenger Taxes Are Hurting Caribbean Aviation

By By Cdr. Bud Slabbaert Op-Ed Contributor What the Caribbean needs is so simple: rapid, reliable mobility at reasonable rates. What makes it so difficult? It is almost as short and simple to explain. There are two players; the aviation …

Antigua and Barbuda Is Abolishing Its Personal Income Tax

Another Caribbean island will soon be without a personal income tax. Antigua and Barbuda will be abolishing its personal income tax beginning in April, the government announced this week. The personal income tax, which had been introduced in 2004, had …

US Virgin Islands Braces for Increased Hotel Room Tax

Hoteliers in the US Virgin Islands are bracing for the introduction of an increased hotel tax on the island. The new hotel room tax will rise from 10 percent to 12.5 percent beginning Jan. 1, 2016. The tax rate will …

The US Virgin Islands Is Raising Its Hotel Tax

By the Caribbean Journal staff The US Virgin Islands’ hotel tax is going up. The United States Caribbean territory has announced that its hotel room tax will increase to 12.5 percent from 10 percent, a 25 percent increase. US Virgin …

St Kitts and Nevis, United States Sign FATCA Agreement

Another country to implement FATCA By the Caribbean Journal staff St Kitts and Nevis has signed an agreement with the United States to implement the US Foreign Account Tax Compliance Act. The act, which was enacted by Congress in 2010, requires foreign …

How to Move to St Thomas, US Virgin Islands

It’s a dream for many — picking up and moving to the Caribbean. And every year, many people do just that. Of course, moving to any island has its own benefits and challenges — and we’re here to help. Our new …

11 Things Caribbean Islands Need to Do

By Dr Miguel Goede and Runy Calmera CJ Contributors In a recent article in this series about the Future of the Caribbean, we discussed the opportunities for managers, business owners and policy makers in the Caribbean. When seizing the opportunities …

What the New Value Added Tax Means for Visitors to the Bahamas

Above: Nassau (CJ Photo) By the Caribbean Journal staff The Bahamas has officially implemented a new Value Added Tax regime, one which will effectively mean a slight reduction in taxes for visitors. Value Added Tax is a consumption tax on …

St Kitts and Nevis, India Sign Tax Information Exchange Agreement

Above: St Kitts (CJ Photo) By the Caribbean Journal staff The governments of St Kitts and Nevis and India have signed a tax information exchange agreement. The agreement was signed by St Kitts and Nevis’ Ambassador to the United Nations, …

The Caribbean’s Air Tax Problem

Above: St Thomas (CJ Photo) By Alexander Britell ST THOMAS — On a recent visit to Liat.com, a ticket from Antigua to neighbouring St Kitts cost $108.00. With taxes and fees, however, the price jumped almost 70 percent — an …

Ranking the Caribbean on Tax Revenue

Above: Trinidad and Tobago (CJ Photo) By the Caribbean Journal staff Which Caribbean countries collect the most in tax revenue? To find out, we looked at recently-released 2012 World Bank data on tax revenue collected by central governments around the …