Taxation and Operating Costs for the Caribbean Hotel Sector

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3LIST OF ACRONYMSAICHACARICOMCASTCETC.I.FCRSTDPCTPUEDFEPHATSMMEUNCTADWTOWTTCAll InclusiveCaribbean Hotel AssociationCaribbean CommunityCaribbean Alliance for Sustainable TourismCARICOM External TariffCost, Insurance and FreightCaribbean Regional Sustainable Tourism Development ProgrammeCARIFORUM Tourism Programme UnitEuropean Development FundEuropean PlanHotel Accommodation TaxSmall Medium and Micro EnterprisesUnited Nations Conference on Trade and DevelopmentWorld Tourism OrganisationWorld Travel and Tourism CouncilTaxation & Operating Costs for the Caribbean Hotel Sector
4TABLE OF CONTENTS1. EXECUTIVE SUMMARY 62. INTRODUCTION 82.1 Overview of the Caribbean Hotel Sector 82.2 Data on Selected CARIFORUM Countries 92.2.1 Barbados 102.2.2 Jamaica 112.2.3 St. Lucia 122.2.4 Dominican Republic 123. METHODOLOGY 134. KEY DEFINITIONS 144.1 Competitiveness 144.2 Operating Costs 144.3 Profit 155. OPERATING COSTS 165.1 Significance of Operating Costs 165.2 Operating Costs Results 185.3 Operating Costs in Selected Countries 195.3.1 Barbados 195.3.2 Jamaica 205.3.3 St. Lucia 205.3.4 Dominican Republic 215.4 Additional Observations 226. GENERAL EXAMINATION OF TAXES 236.1 Hotel Accommodation Tax 246.2 Departure tax 256.3 Casino tax 256.4 Entertainment Tax 256.5 Property Taxes 266.6 Value Added Tax 276.7 Corporate Tax 276.8 Import Duties, Other Related Trade Taxes and Non Tariff Barriers 286.8.1 Customs Service charges 326.8.2 Consumption Taxes 326.8.3 Stamp duties 326.8.4 Environmental levies 326.8.5 Non-Tariff Barriers 336.9 Conclusions 337. COMPARISON OF TAXATION IN OTHER SECTORS 347.1 Agriculture 347.2 Manufacturing 347.3 Hotel Sector 347.4 Comparison of taxation to other sectors 357.5 Conclusion 36Taxation & Operating Costs for the Caribbean Hotel Sector
Page 2 and 3: Taxation & Operating Costs for the
Page 8 and 9: 7industry, which forms the largest
Page 10 and 11: 9* Purchasing of local inputs - Foo
Page 12 and 13: 112.2.2 JamaicaJamaica has continue
Page 14 and 15: 133. METHODOLOGYThe research for th
Page 16 and 17: 154.3 ProfitProfit is a positive re
Page 18 and 19: 17competitiveness of hotels, whethe
Page 20 and 21: 19While the response rate from the
Page 22 and 23: 21In a survey conducted by the St.
Page 24 and 25: 236. GENERAL EXAMINATION OF TAXESA
Page 26 and 27: 256.2 Departure taxDeparture tax is
Page 28 and 29: 276.6 Value Added TaxA Value Added
Page 30 and 31: 29• Rawhides and skins, leather,
Page 32 and 33: 31Table 7: Common External Tariff (
Page 34 and 35: 336.8.5 Non-Tariff BarriersCARIFORU
Page 36 and 37: 35Dominican Republic to more than 7
Page 38 and 39: 37• Import duties: a major source
Page 40 and 41: 39Traditional programmes facilitate
Page 42 and 43: 41St. Lucia• Sir Arthur Lewis Com
Page 44 and 45: 43• Caribbean Development Bank.
Page 46 and 47: 45• The construction and equippin
Page 48 and 49: 479.8 DominicaThe Dominican governm
Page 50 and 51: 49• Hotel Aids Ordinance which pr
Page 52 and 53: 5110. COMPARISON OF THE CARIBBEAN W
Page 54 and 55:
53of Las Palmas and the Province of
Page 56 and 57:
5511.OVERALL FINDINGS ANDRECOMMENDA
Page 58 and 59:
57FINDING6. Tax incentives in the h
Page 60 and 61:
59DOMINICANREPUBLICJAMAICAPRIMARY T
Page 62 and 63:
61BAHAMASBELIZEPRIMARY TOURISMLEGIS
Page 64 and 65:
63GUYANAST. KITTS &NEVISSURINAMEPRI
Page 66 and 67:
65APPENDIX B: BILOGRAPHY• CHA Pos
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