Pennie -
There is another trick in store as well. If you ever sell the "Vanna
White" vehicle I understand that you will get to pay all the duties
that you were able to forego when you brought it in.
Charlie Meador
Coco Pando Resort
www.cocopando.com
La Ceiba, Honduras
--- In travel-to-honduras.....com, "penny"
wrote:
>
> Honduras Travel and Visitors InfoI own & operate two businesses on
Roatan. I do not have corporations. I came in as an investor resident
& my companies are owned as sole proprietorships. My big "Vanna
White" vehicle was brought in as a company vehicle & I paid $700.00
for something or another. My businesses are tourist related, but I
must pay customs and sales tax on everything I bring in; 35% import
duty on jewelry & 15 - 20% for other items I sell. The additional
killer to the bottom line is the 12% sales tax tacked on, on top of
that, including shipping.
> My understanding, to qualify for Duty Free status, 1) You must be a
resident & 2) You must operate a tourism related business. If you
don't fall into this category you will still have to pay duty....how
much is the question. Our governor says these rules have not even
been written yet. I'm not holding my breath anything will happen any
time soon. Even though I fulfill the requirements for "duty free"
status, I was informed I will always have to pay a "fee." I suggest
no one put their life on hold, awaiting this magical event.
>
>
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