Martinique: Agreement to review various fiscal measures, including VAT and customs exemptions for certain products

Measures are set to become effective in January 2025.

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December 26, 2024

The stakeholders in Martinique on October 16, 2024, signed a protocol establishing a 36-month observation period to review various fiscal measures, including a zero-rate value added tax (VAT) and customs duties exemption for 69 product categories.

These measures are set to become effective in January 2025 and will be balanced by the removal of VAT exemptions on certain non-food items and the establishment of a customs-free zone.

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