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Turks & Caicos Islands Government Announces Stimulus Package Including Stamp Duty Reduction

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Providenciales, Turks and Caicos Islands – The Turks & Caicos Islands Government has approved a full package of benefits that will serve as a direct economic stimulus following the fall out in economic activities across the Islands as a result of the global pandemic – COVID 19. The stimulus package is planned to lessen the impact of the global crisis on residents, whilst allowing the Ministry of Health to strengthen health policy responses.
Included in the stimulus package, as it relates to real estate, are the following initiatives and exemptions fora three-month period to assist with boosting inward investment:

  • Reduction of 50% in Stamp Duty for a period of three months
  • 50% of reduction of planning fees for a period of three months
  • A waiver of Customs Duties on Construction Materials for a period of three months

There will be a review of same after the initial period of April 1 to June 30, 2020.

We are grateful for the past many years of successes and we are hopeful that this will carry our islands through this unprecedented challenge. We are here to assist you and our community, albeit from a distance, as we all “stay at home” to do our part in protecting our community and health care workers.

PRESS RELEASED FROM Joe Zahm, President / Broker | joe@tcsothebysrealty.com | 649.231.6188

Magnetic Media is a Telly Award winning multi-media company specializing in creating compelling and socially uplifting TV and Radio broadcast programming as a means for advertising and public relations exposure for its clients.

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Register of Interests of the Members of the House of Assembly 

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#TurksandCaicos, September 29, 2023 – The Integrity Commission advises that the Register of Interests for Members of the Turks and Caicos Islands House of Assembly, as at 31st December 2022 has been completed.

Members of the House of Assembly are required by the Turks and Caicos Islands Constitution, Section 103(2), and the Integrity Commission Ordinance (the Ordinance), as amended, Section 52(1), to file with the Commission, Statements of Registrable Interests.  The Commission would, therefore, like to inform members of the public that, it has compiled the information contained in these Statements of Registrable Interests and has produced The Register of Interests 2022 for the Members of the House of Assembly, as at 31st December 2022.

The Register of Interests 2022 is now available for public inspection at the following locations:

  1. House of Assembly in Grand Turk
  2. Office of the Premier – Grand Turk and Providenciales
  3. Office of the Integrity Commission – Grand Turk and Providenciales (during the hours of 8:30am to 4:30pm from Mondays to Thursdays and 8:00am to 4:00pm on Fridays.)
  4. Office of the District Commissioner – Middle Caicos, North Caicos, Salt Cay and South Caicos.

The Register can be viewed at these locations during normal working hours or at a time that is convenient for the respective offices.

For further information or any assistance please contact the Integrity Commission:

By telephone at:  946-1941(Grand Turk Office) or 941-7847 (Providenciales Office) By e-mail at: secretary@integritycommission.tc or info@integritycommission.tc

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Students not in school cite Fees as Roadblock

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Dana Malcolm and Wilkie Arthur 

Editorial Staff

 

#TurksandCaicos, September 29, 2023 – Concerning reports are coming out of Providenciales regarding the placement of students as the new term got started.

Wilkie Arthur, Magnetic Media Court Correspondent, had the opportunity to speak with several young people who were supposed to be in school.  Instead, they were hanging out close to home, as they said they couldn’t afford the fees of the private schools they had been placed in.

Edgar Howell, Director of Education, during an August 31st press conference, had indicated that at least 26 students were awaiting assistance with placement in private high schools and 35 students were awaiting placements in primary schools.  Parents should have heard from the ministry within days.

Arthur fielded concerns from them and their families who wished to remain anonymous.

“The schools are full and they don’t have any more money to continue the [private] schools they were going to.  So, this bright September morning these children are actually just idle,” he explained.

By law (Education Ordinance 2009), all children between four and 16 years old in the Turks and Caicos Islands are considered of ‘Compulsory School Age’ meaning, they must be enrolled in an institution.

It has long been the practice of the Ministry of Education to place students in private schools and subsidize the fees when space has run out in public schools.  This year was no different.

“The Ministry continues to provide assistance to the parents through the private school subsidy program and 375 students are being assisted for the 2023/24 school year,” Howell explained.

It’s not clear if these students were a part of that number.

We have since reached out to representatives at the Turks and Caicos Ministry of Education for information on students who are not in school, how many remain unable to fit into public school classes and what provisions are in place for those students; there has been no update.

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Grand Turk residents say they suffered lack attention from TCIAA

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Dana Malcolm 

Staff Writer

 

#TurksandCaicos, September 29, 2023 – Upgrades are underway at the JAGS McCartney International Airport but Grand Turk Residents say they were subject to subpar conditions for far too long; the comments came at a town hall meeting hosted by the Turks and Caicos Islands Airports Authority in the capital on Thursday September 21, at Dillon Hall.

“I am speaking on behalf of Grand Turk residents.  It is unacceptable for the Airports Authority to treat residents how they do,” one resident told TCIAA executives at a town hall meeting in Grand Turk.

The airport was hit during Hurricane Fiona in late 2022, resulting in a destroyed roof and serious damage to the terminals from extensive flooding plus damage to the domestic and international arrival areas, deeming the area unfit for use.

The hurricane damage last year only exacerbated the destruction wrought by previous storms including 2008’s Hurricane Ike and 2017’s Hurricanes Irma and Maria.

The JAGS McCartney International was reopened for domestic arrivals just this past June after phase one of a restoration project.  The international terminal was scheduled to open soon after but repairs are still ongoing.  Residents told TCIAA executives, the work was simply not executed quickly enough.

“The lack of attention that they paid to the JAGS McCartney Airport after the hurricane, having the residents of this island come in like we’re from a third world country for months?  It’s unacceptable for residents of this island for you all to leave us like that,” a resident maintained.

Ongoing updates include fixing the perimeter fence and parking lot as well as the fire station. Residents appeared grateful but cautiously optimistic.

“We see the plans that you have— which is good, and we hope that the next time we have a disaster we don’t have to be waiting for months [and]  be treated like that.”

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