Import Duty and Value Added Tax on Generators and Transfer Switches
On Monday, 18 March, 2024, the Honorable Prime Minister and Minister of Finance and Economic Affairs, Culture, Security and the Public Service, Mia Amor Mottley, S.C, M.P, announced, during the Budgetary Proposals and Financial Statement for the financial year 2024/2025, the introduction of a
“waiver of Import Duty and VAT for two-years starting April 1, 2024 on the purchase and installation of generators and transfer switches at residential homes, irrespective of the fuel type, for a further 2 years”.