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Act for establishing a landing fee for transshipment of tuna or billfish caught outside of Palau (RPPL No. 10-57 of 2020).

Country/Territory
Palau
Document type
Legislation
Date
2020
Source
FAO, FAOLEX
Long title
An Act to amend Section 1406 of Title 40 of the Palau National Code, the fish export tax, to exempt from the tax tuna or billfish caught outside of Palau, off-loaded in Palau, and then exported for commercial purposes; to add a new Section 1407 to Title 40 of the Palau National Code to establish a landing fee for vessels engaging in the transshipment of tuna or billfish caught outside of Palau; and for other related purposes.
Subject
Fisheries
Keyword
Fishing vessel Foreign fishing Harbour International trade Landing Marine fishes Poverty Protection of species Royalties/fees Tax/levy Transshipment Fishery management and conservation
Geographical area
Asia and the Pacific, Micronesia, Oceania, Small Island Developing States, South Pacific
Entry into force notes
This Act enters into force on 27 April 2020.
Abstract

Section 1 of this Act exempts the companies from paying export taxes on fish caught outside of Palau, off-loaded in Palau, and then exported for commercial purposes, in order to prevent the loss of local employment and the corresponsing loss of income and shortages of available fish for on-island consumption. This exemption shall only apply to fish originating from outside of Palau's territory. Section 2 provides for collection of export tax on all fish, in any form, excluding any species of tuna and billfish, exported for commercial purposes. Section 3 establishes the landing fee for vessels engaging in the transshipment of tuna or billfish caught outside of Palau to create a potential incentive for foreign fishing fleets to use Palau's port as a transshipment location.

Full text
English
Website
www.palaugov.pw