Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-I§8 |
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2014 |
Trade Policy Framework |
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In the near future, the authorities expect the pace of economic activity to accelerate triggered by increased activities in the construction sector, both private and public, and expansion in the tourism industry with the opening of the Sandals La Source Resort and Spa. Risks to the prospects include natural disasters/unfavourable weather conditions and weaker economic growth, particularly in the United States, a major trading partner and source of tourists and students.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-II§19 |
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2014 |
Trade Policy Framework |
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Relevant information
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In 2011, Grenada developed an investment-generation strategy with the goal of increasing private investment in some selected sectors. Five sectors were identified as transformational, and some niches have been identified:
• agri-business: production of organic fruits, vegetables, spices and herbs;
(…)
• energy development: the manufacturing, installation and servicing of solar water heaters and solar-powered products.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-Table-II.1 |
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2014 |
Trade Policy Framework |
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Relevant information
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Table 2.1. Major trade-related laws and regulations, December 2013
Legislation: Environmental Levy Act
Reference or date of first adoption: Act No. 5 of 1997
Latest amendment: Act No. 13 of 2007
Legislation: Forest, Soil and Water Conservation Act
Reference or date of first adoption: 1st August 1949
Latest amendment: Act No. 34 of 1984
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Environment
Forest
Conservation
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-III§29 |
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2014 |
Measures |
Other price and market based measures |
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Relevant information
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For imports, the tax base comprises the c.i.f. value of goods, customs duties, the Customs Service Charge, the environmental levy and the excise tax. Businesses can charge on their supplies the VAT paid on their inputs.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-III§31 |
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2014 |
Measures |
Other price and market based measures |
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Relevant information
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As well as the VAT, Grenada collects since 2010 an excise tax (ET) on some imported goods (Table 3.6). The tax base includes the c.i.f value, the customs duties, the customs service charges, and the environmental levy. Under some circumstances, excise tax paid on imports can be refunded if the goods are in compliance with the conditions for drawback of duties (Customs Act).
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-III§34 |
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2014 |
Measures |
Other price and market based measures |
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Relevant information
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An environmental levy applies to imported vehicles, "white goods" , and beverage containers. The rate is 1% of the c.i.f. value for "white goods", and ranges from 2% to 30% of the c.i.f. value for cars (depending on the age) and trucks over five years old (depending on the tonnage) (Table 3.7). For plastic or glass containers, it is levied at a rate of EC$0.25 to EC$0.50 per container. The levy may be refunded partly (75%) if the importer produces to the Comptroller of Customs, within six months of importation, satisfactory evidence of re-export of the container or its disposal in a manner acceptable to the Grenada Solid Waste Management Authority. A full refund is granted for containers imported for manufacturing purposes that are re-exported.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-Table-III.11 |
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2014 |
Measures |
Other price and market based measures |
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Table 3.11 Summary of taxes and mandatory contribution in Grenada
Tax or mandatory contribution: Environmental levy
Rate: Specific, or between 1% and 30%
Tax base: c.i.f. value of imports
Comments:-
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-Table-IV.2 |
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2014 |
Measures |
Other price and market based measures |
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Relevant information
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Table 4.2 Taxes and charges in the electricity sector, December 2013
Charge: Environmental levy
Domestic: EC$0 - 5
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-IV§81 |
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2014 |
Measures |
Other price and market based measures |
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Relevant information
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Grenada applies a levy of US$3 per visitor arriving by ship, a cruise passenger tax, and an environmental levy on vessels to cover the costs of garbage disposal.
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Secretariat TPR |
WT/TPR/S/299/REV.1 |
S-Table-III.7 |
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2014 |
Measures |
Other price and market based measures |
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Relevant information
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Table 3.7 Goods subject to the environmental levy, December 2013
Persons goods and services liable to levy: Households (electricity)
Persons liable to pay levy: Occupier
Amount or rate of levy (in EC$): EC$5 to EC$10/month depending on the consumption of electricity
Persons goods and services liable to levy: Vehicles
Persons liable to pay levy: Importer
Amount or rate of levy (in EC$): 2% of c.i.f.
Persons goods and services liable to levy: Imported used vehicles five years old and over
Persons liable to pay levy: Importer
Amount or rate of levy (in EC$): 30% of c.i.f.
Persons goods and services liable to levy: Imported used trucks over five years old
Persons liable to pay levy: Importer
Amount or rate of levy (in EC$): 5%, 10 or 20% of the c.i.f. value, depending on the tonnage
Persons goods and services liable to levy: White goods
Persons liable to pay levy: Importer
Amount or rate of levy (in EC$): 1% of c.i.f. value
Persons goods and services liable to levy: Beverage containers
Persons liable to pay levy: Importer
Amount or rate of levy (in EC$): Per container, EC$0.50 plastic and EC$0.25 for glass and other containers;
Persons goods and services liable to levy: Tipping service
Persons liable to pay levy: Owner or operator of business
Amount or rate of levy (in EC$): EC$75.00 per tonne
Persons goods and services liable to levy: Haulage service
Persons liable to pay levy: Owner or operator of business
Amount or rate of levy (in EC$): EC$30.00 per tonne
Persons goods and services liable to levy: Stay-over visitors
Persons liable to pay levy: Visitor
Amount or rate of levy (in EC$): EC$4.05
Persons goods and services liable to levy: Marine visitors
Persons liable to pay levy: Agent of ship
Amount or rate of levy (in EC$): EC$4.05
Persons goods and services liable to levy: Haulage and disposal of ship generated solid waste Persons liable to pay levy: Agent of ship
Amount or rate of levy (in EC$): EC$185.00 per tonne
Source: Environmental Levy Act, Third Schedule.
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