Bermuda - Import TariffsBermuda - Import Tariffs
Bermuda’s Customs Department collects import duty, which makes up approximately twenty percent of the GOB’s revenue. Bermuda uses the Harmonized Commodity Description and Coding System 2012, as the basis for its customs tariff. The Customs Department’s main office is in Hamilton, where officers process Bermuda customs declarations for arriving air and ocean freight and control the movement of passengers and cargo. The Customs Department works with the Bermuda Police Service in combating the cross-border movement of illicit drugs, contraband, and the proceeds of crime. Customs officers are located at the official ports of Hamilton, St. George, L.F. Wade International Airport, and Dockyard.
Bermuda has adopted the World Trade Organizations’ valuation rules (GATT) for valuing imported goods for duty purposes. Customs duty is normally calculated on an ad valorem basis, generally on the transaction value of imported goods. The most common rate is 22.25%, although most food items have a lower rate of five to fifteen percent. Certain goods, such as medicines, corrective spectacles, and reading materials, have a 0.0% rate. Vehicles principally designed for the transport of passengers are normally dutiable at the rate of 75% on the first $10,000 and 150% on the value in excess of $10,000 (vehicles with ten or more seats and hybrid vehicles are at 33.5%). Vehicles principally designed for the transport of goods are normally dutiable at 33.5%. The duty on motorcycles is 33.5%. Some sectors qualify for tax relief. However, in 2015, the GOB partially rolled back tax relief that had been granted to the hospitality, restaurant, and retail sectors in 2011.Customs duty relief is available for some materials used in local manufacturing. See relevant sections of the following:
http://www.customs.gov.bm/portal/server.pt/gateway/PTARGS_0_2_10793_256_1438_43/http%3B/ptpublisher.gov.bm%3B7087/publishedcontent/publish/ministry_of_finance/hm_customs/quick_links_2/bermuda_customs_tariff_20140401v1r0.pdf.
The duty rate for most accompanied personal goods of persons arriving in Bermuda by air or sea is currently 25% of the transaction value. Visitors are entitled to a $50.00 allowance each visit. Visitors and residents may claim one liter of wine, one liter of spirits, 200 cigarettes, 50 cigars, and ½ kg of tobacco duty-free per arrival. Alcohol and tobacco imported in excess of the duty-free allowance are subject to duty of $2.89 per liter of wine, $10.63 per liter of spirits, $44.00 per carton of 200 cigarettes, and 33.5% for cigars and tobacco. While solar rebates were discontinued in 2014, most solar/green goods are not subject to duty.
The airport has a dual-channel, red/green system for arriving passengers. Travelers having no more than their duty-free allowances, no prohibited or restricted goods, and no more than $10,000 (or equivalent) in cash or negotiable instruments may choose the green channel. Those with goods that exceed their duty-free allowances, goods for business use, prohibited or restricted goods, or more than $10,000 (or equivalent) in cash or negotiable instruments must use the red channel. See “Travelers” at www.customs.gov.bm for more information. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.
Bermuda has adopted the World Trade Organizations’ valuation rules (GATT) for valuing imported goods for duty purposes. Customs duty is normally calculated on an ad valorem basis, generally on the transaction value of imported goods. The most common rate is 22.25%, although most food items have a lower rate of five to fifteen percent. Certain goods, such as medicines, corrective spectacles, and reading materials, have a 0.0% rate. Vehicles principally designed for the transport of passengers are normally dutiable at the rate of 75% on the first $10,000 and 150% on the value in excess of $10,000 (vehicles with ten or more seats and hybrid vehicles are at 33.5%). Vehicles principally designed for the transport of goods are normally dutiable at 33.5%. The duty on motorcycles is 33.5%. Some sectors qualify for tax relief. However, in 2015, the GOB partially rolled back tax relief that had been granted to the hospitality, restaurant, and retail sectors in 2011.Customs duty relief is available for some materials used in local manufacturing. See relevant sections of the following:
http://www.customs.gov.bm/portal/server.pt/gateway/PTARGS_0_2_10793_256_1438_43/http%3B/ptpublisher.gov.bm%3B7087/publishedcontent/publish/ministry_of_finance/hm_customs/quick_links_2/bermuda_customs_tariff_20140401v1r0.pdf.
The duty rate for most accompanied personal goods of persons arriving in Bermuda by air or sea is currently 25% of the transaction value. Visitors are entitled to a $50.00 allowance each visit. Visitors and residents may claim one liter of wine, one liter of spirits, 200 cigarettes, 50 cigars, and ½ kg of tobacco duty-free per arrival. Alcohol and tobacco imported in excess of the duty-free allowance are subject to duty of $2.89 per liter of wine, $10.63 per liter of spirits, $44.00 per carton of 200 cigarettes, and 33.5% for cigars and tobacco. While solar rebates were discontinued in 2014, most solar/green goods are not subject to duty.
The airport has a dual-channel, red/green system for arriving passengers. Travelers having no more than their duty-free allowances, no prohibited or restricted goods, and no more than $10,000 (or equivalent) in cash or negotiable instruments may choose the green channel. Those with goods that exceed their duty-free allowances, goods for business use, prohibited or restricted goods, or more than $10,000 (or equivalent) in cash or negotiable instruments must use the red channel. See “Travelers” at www.customs.gov.bm for more information. Prepared by our U.S. Embassies abroad. With its network of 108 offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce utilizes its global presence and international marketing expertise to help U.S. companies sell their products and services worldwide. Locate the U.S. Commercial Service trade specialist in the U.S. nearest you by visiting http://export.gov/usoffices.