The Ministry of Finance’s financial secretary, Simon Wilson, told The Tribune that the VAT puts private island activities at the same level of taxation as Bahamians who sell goods and services to travelers at other destinations. The vast majority of the cruise lines’ private destinations are located in the Bahamas, including Royal Caribbean’s Perfect Day at CocoCay, Norwegian Cruise Line’s Great Stirrup Cay, Disney Cruise Line’s Castaway Cay and new Lookout Cay at Lighthouse Point (scheduled to open in 2025), MSC Cruises’ Ocean Cay, Princess Cruises’ Princess Cays, and Carnival Cruise Line’s Celebration Key (coming in 2025).
Why Cruise Lines Are Building Their Own Caribbean Islands
Leave a Reply