Tag: duty concessions

Building duty cuts roll on despite economic boom

Building duty cuts roll on despite economic boom

| 20/12/2018 | 26 Comments

(CNS): Government has confirmed that the 15% import duty concessions on building materials imported to Grand Cayman will continue next year, despite the current development boom and what the finance ministry called the “robust investments” in Cayman’s economy. The duty cut was originally implemented to encourage development during the recession, but according to the latest […]

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Transparency needed around concessions

Transparency needed around concessions

| 11/01/2018 | 26 Comments

(CNS): Auditor General Sue Winspear has commended government for improvements to public finance reporting but she is not giving the leaders a free pass, as there are still many areas that need improvement, especially when it comes to the collection of revenue and what government gives away. Winspear said she is expecting to soon see […]

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Concessions renewed for builders and developers

Concessions renewed for builders and developers

| 04/12/2017 | 0 Comments

(CNS Business): The government will be continuing the flat 15% import duty rate on building materials imported to Grand Cayman for another year, officials have confirmed. The duty cut has been running for several years and Finance Minister Roy McTaggart claimed the concession was working and helping to boost the economy. “The government is committed […]

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MLA to press for higher local duty allowance

MLA to press for higher local duty allowance

| 26/01/2017 | 177 Comments

(CNS): The independent member for North Side will be making one last effort before the election to persuade the government that the duty allowance for Caymanians only should be increased. Ezzard Miller noted that it has been more than two decades since the $350 personal shopping allowance and the limits on liquor and tobacco were […]

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