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May 9, 2001

Local musicians can bring in CDs duty free

In news from Cabinet that body has reiterated its earlier decision to remove all duties from imported recordings done by local musicians. It does not matter whether the recording is done at home or abroad, so long as the composition is created by a Belizean and a written request is made to the Ministry of Finance. Currently imported CDs pay a total of around fifty-percent of value in customs duty and revenue replacement duty. Most foreign CDs sold in Belize, however, are pirated locally and sell at prices far below what you would pay for the original version.


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