Barbados moves to curb vehicle import misdeclarations and under-invoicing
The government of Barbados may be losing millions of dollars annually in import duties and taxes because some car dealers and individuals importing vehicles are declaring them at unrealistically low values or incorrectly categorising them.
Under pressure from officially franchised vehicle dealers, minister of small business, entrepreneurship and commerce, Dwight Sutherland, has promised new legislation governing vehicle imports and assembly.
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