Sandals hotel chain has been gifted a sweet deal to establish its brand here.
For the next 25 years, the international conglomerate has been exempted from paying all import duties, taxes including VAT, imposts and levies of any nature whatsoever on the importation or local purchase on all capital goods needed for the equipping, operation and promotion of the hotel, as well as on all food and beverages.
And when that tax holiday period is over, Sandals will only be required to pay half of the “applicable rates and taxes prevailing” for the next 15 years.
The details of these particular concessions – which relate to the property formerly known as Casuarina in Dover, Christ Church – are contained in a letter dated Tuesday, November 5, 2013, and signed by Minister of Finance and Economic Affairs Chris Sinckler.
